Enterprise Products Partners L.P. (NYSE:EPD) Maintains Strength Through Commodity Cycles

April 1, 2016

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Enterprise Products Partners L.P.

Senior Vice President Jeff Jorgensen of Center Coast Capital Advisors says Enterprise Products Partners L.P. (NYSE:EPD) is a best-in-business MLP that ticks all the boxes on how to run a company through commodity cycles.

[Enterprise Product Partners] has a simplified structure with no general partner, which gives it a nice equity cost of capital. It’s investment-grade. It has the liquidity and the access to the capital markets to manage its growth, which it has kept consistent and modest, even when coverage ratios expanded for them tremendously.

It’s run by one of the higher-quality management teams. And its diversified footprint gives it the commercial strength to win projects, to participate in M&A, and to really offer E&P or demand-facing customers a full suite of midstream products. So Enterprise Product Partners would be one of those large-cap diversifieds that we think is a really great MLP.

Jeff Jorgensen
Jeff Jorgensen