Enterprise Products Partners L.P. (EPD) Gets Higher Target at Scotiabank as Guidance Tops Consensus

Enterprise Products Partners L.P. (NYSE:EPD) is included among 13 Best Long Term Low Risk Stocks to Buy Now.

On February 5, Scotiabank analyst Brandon Bingham raised his price target on Enterprise Products Partners L.P. (NYSE:EPD) to $37 from $35 and kept a Sector Perform rating. He said the quarter came in solid and that current guidance is running ahead of consensus expectations, though he noted there remains a disconnect between some of the company’s communicated metrics and how they ultimately flow through financial models.

During the Q4 2025 earnings call, the company’s co-chief executive said Enterprise delivered record EBITDA of $2.7 billion in the fourth quarter, surpassing the previous high of $2.6 billion set in the same period of 2024.

He pointed to a long list of assets that entered service over the course of 2025. These included Frac 14, which came online in mid-October, the Mentone West and Orion projects earlier in the year, several gathering and treating assets in the Permian Basin, the Neches River Terminal, an ethane export train that started up midyear, new diluent export capabilities to Canada, and the Bahia NGL pipeline, which was placed into service in December. While these projects performed well, he said they also helped counterbalance weaker results tied to commodity-sensitive activities and tighter marketing spreads.

Lower crude prices also pressured results. The co-chief executive noted that average oil prices were roughly $12 per barrel below 2024 levels, which reduced many of the pricing spreads that had supported earnings over the past three years.

He added that the company’s ethane export terminals are now fully contracted, as are all 20 processing trains expected to be operating in the Permian by the end of the year. LPG export capacity is also largely contracted through the end of the decade, with management continuing to see strong demand for additional long-term commitments.

Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services across natural gas, NGLs, crude oil, refined products, and petrochemicals. Its NGL Pipelines & Services segment includes natural gas processing, NGL marketing, pipelines, fractionation facilities, storage assets, and marine terminals.

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