Enterprise Products Partners stock price target maintained at $35 by Stifel

Investing.com - Stifel has reiterated its Buy rating and $35.00 price target on Enterprise Products Partners (NYSE:EPD), a $68.5 billion market cap energy infrastructure company currently trading at $31.66, according to a research note released Thursday. According to InvestingPro, the stock maintains a GOOD financial health score and trades at a P/E ratio of 11.8x.

The firm updated its estimates for the energy infrastructure company, primarily to account for lower than anticipated utilization of its propane dehydrogenation (PDH) plants and reduced crude oil export volumes.

Stifel’s updated analysis now incorporates Enterprise Products Partners’ $580 million Midland gathering acquisition, which represents a significant expansion of the company’s midstream assets.

Despite the adjustments to operational expectations, Stifel maintained its positive outlook on the stock, keeping both its Buy recommendation and $35.00 target price unchanged.

The energy infrastructure company continues to be viewed favorably by Stifel despite the noted operational challenges in certain segments of its business.

In other recent news, Enterprise Products Partners L.P. reported mixed financial results for the second quarter of 2025. The company exceeded earnings per share expectations with $0.66 per share, slightly above the forecast of $0.65. However, revenue fell short, reaching $11.36 billion compared to the anticipated $14.49 billion, marking a 21.6% miss. In a strategic move, Enterprise Products Partners completed the acquisition of Occidental’s natural gas gathering affiliate for $580 million. This acquisition includes 200 miles of natural gas gathering pipelines in the Midland Basin, enhancing access to over 1,000 drillable locations. Additionally, the company declared a quarterly cash distribution of $0.545 per unit for the third quarter, representing a 3.8% increase from the previous year. Stifel has adjusted its price target for Enterprise Products Partners to $35, down from $36, while maintaining a Buy rating, following the company’s second-quarter results. These developments highlight the company’s ongoing strategic initiatives and financial adjustments.

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