Is It Too Late to Buy High-Yield Enterprise Products Partners Stock?
Units of Enterprise Products Partners (NYSE: EPD) have risen about 10% in 2024, which might have some investors wondering if they have missed the opportunity to buy this high-yield midstream giant. The quick answer is no: There are still plenty of reasons to buy the master limited partnership (MLP) and its lofty 7% distribution yield. Here's what you need to know.
Perhaps the most important thing to understand about Enterprise Products Partners is that it operates a midstream business. This includes vital energy infrastructure assets like pipelines, storage, transportation, and processing facilities. Midstream companies effectively connect the upstream sector (drilling) and the downstream (refining and chemicals) to each other and the rest of the world.
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Source Fool.com
