Why Enterprise Products Partners L.P. Shareholders Have Nothing to Worry About
The value of Enterprise Products Partners' (NYSE: EPD) units have surprisingly slid 8% over the past year even though its financial results have improved and the broader market has reached new highs. The sell-off suggests that the market has some underlying concern with the midstream giant. However, upon closer inspection of the company's financial strength and the visible growth it has coming down the pipeline, I fail to see any reason for investors to worry.
Enterprise Products Partners is one of the most financially conservative master limited partnerships (MLP) around these days. It has one of the highest credit ratings among MLPs at Baa1/BBB+, which is right up there with fellow financial stalwart Magellan Midstream Partners (NYSE: MMP).
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Source: Fool.com
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