Enterprise Products Partners LP (NYSE:EPD) has witnessed upward earnings estimate revisions for 2022 and 2023 in the past 60 days. So far this year, the stock, carrying a Zacks Rank #2 (Buy), has gained 12.2%, outpacing the 9.2% rise of the composite stocks belonging to the industry. What's Favoring the Stock?
Enterprise Products has a stable business model and is not significantly exposed to the volatility in oil and gas prices. It generates stable fee-based revenues from its extensive pipeline network across nearly 50,000 miles, transporting natural gas, natural gas liquids (NGLs), crude oil petrochemicals and refined products.
