5 Biggest Midstream Companies Heading Into 2023

2. Enterprise Products Partners L.P. (NYSE:EPD)

Market Capitalization as of November 12, 2022: $54 billion

Enterprise Products Partners L.P. (NYSE:EPD) transports crude oil, natural gas, natural gas liquids, and refined products all over the U.S. It is headquartered in Houston, Texas.

Enterprise Products Partners L.P. (NYSE:EPD) has a fortress balance sheet, with $3.3 billion in liquidity and a leverage ratio of just 3.1x, which is below the low end of its targeted 3.25x-3.75x range. The firm’s debts also have an average term maturity of 20 years. The firm also regularly pays out dividends, and 2022 marks the 24th year of its distribution growth.

Enterprise Products Partners L.P. (NYSE:EPD) pays a 48 cent dividend for a 7.6% yield, and it has $54 billion in market capitalization.

Enterprise Products Partners L.P. (NYSE:EPD)’s largest investor is Bruce Berkowitz’s Fairholme (FAIRX) which owns 3.5 million shares that are worth $87 million.

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