Enterprise Products Partners LP: A Resilient Midstream Player with a Strong Business Model

Enterprise Products Partners LP (EPD) has a resilient business model due to its pipeline network and stable fee-based revenues. The partnership has returned billions to unitholders through repurchases and distributions, and has increased distributions for 27 consecutive years. Investors should keep an eye on EPD, which has a backlog of key capital projects and secured additional cash flows. Kinder Morgan Inc. (KMI) and Enbridge Inc. (ENB) also have stable business models and have a history of returning capital to shareholders. EPD trades at a lower valuation than its industry peers and has seen upward earnings estimate revisions.