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Friday, July 16, 2021 8:04:30 AM
EPD often posts "the dividend" before they post earnings.
EPD earnings will be posted July 27. Estimates range between 44 cents to 53 cents, with a consensus of 49.9 cents per share.
"Somebody" posted that EPD wont be able to maintain their 22 year span of dividend increases, as they pointed out one quarter had dividends more than earnings. While this was true, it was only one quarter, at the height of the pandemic covid 19.
But, if you reaad the president (of EPD) report, EPD "bought up" some of that real cheap oil, as they had storage for it when the price went ridiculiously low for a short period, in April, 2020.
EPD could easily then pay a 45 cent dividend when the earnings were only 40 cents or less, because they were sitting on a whole bunch of oil in their tanks they bought for darned near nothing, and were waiting for the price rebound to maximize their gain.
That is, They didnt "really" lose money that quarter, they made money, but the profits were sitting in giant oil tanks.
THE BIG DEAL, tho, is that EPD shares are owned (about 1/3) by employees. So, they want the shares to go up, and dividends, just like we do!
Unlike many employees, these employees "have a dog in the fight" on earnings, dividends, and pps.
Many of these EPD execs "have their own retirement" in EPD shares.
And, they are not selling.
Recent EPD News
- Enterprise Products Partners L.P. (NYSE: EPD) Co-CEO Jim Teague Interviewed by Advisor Access • GlobeNewswire Inc. • 09/10/2024 12:30:00 PM
- Enterprise to Participate in Investor Conferences • Business Wire • 09/04/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:10:08 PM
- Enterprise to Acquire Piñon Midstream • Business Wire • 08/21/2024 11:00:00 AM
- Enterprise to Participate in Citi One-on-One Midstream & New Energy Infrastructure Conference • Business Wire • 08/12/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:05:31 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/05/2024 01:18:33 PM
- Enterprise Prices $2.5 Billion Aggregate Principal Amount of Senior Notes • Business Wire • 08/01/2024 10:33:00 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/01/2024 09:24:26 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/01/2024 12:14:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 08:10:06 PM
- U.S. Futures Climb Before Fed Meeting; Oil Prices Drop on China Demand Worries • IH Market News • 07/30/2024 10:06:14 AM
- Enterprise Expanding Houston Ship Channel Export Facility • Business Wire • 07/30/2024 10:05:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 10:01:17 AM
- Enterprise Reports Results for Second Quarter 2024 • Business Wire • 07/30/2024 10:00:00 AM
- Enterprise Declares Quarterly Distribution • Business Wire • 07/10/2024 09:34:00 PM
- Enterprise 2023 Schedule K-3 Forms Now Available • Business Wire • 06/27/2024 09:05:00 PM
- Enterprise to Participate in J.P. Morgan Energy, Power and Renewables Conference • Business Wire • 06/14/2024 12:00:00 PM
- Enterprise Begins Open Season for Expanded Diluent Service on TE Products Pipeline System • Business Wire • 06/03/2024 10:04:00 PM
- Enterprise to Participate in 21st Annual Energy Infrastructure CEO & Investor Conference • Business Wire • 05/20/2024 12:00:00 PM
- U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision • IH Market News • 04/30/2024 11:59:59 AM
- Enterprise Reports First Quarter 2024 Earnings • Business Wire • 04/30/2024 10:00:00 AM
- Enterprise Receives Deepwater Port License for Spot Project • Business Wire • 04/09/2024 12:00:00 PM
- Enterprise Declares Quarterly Distribution • Business Wire • 04/05/2024 01:41:00 PM
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