Enterprise Products Partners (EPD): Cheap Stocks to Buy For the Next 10 Years

Enterprise Products Partners (NYSE:EPD) is one of the cheap stocks to buy for the next 10 years. On April 28, Enterprise Products Partners reported financial results for Q1 2026, highlighted by a net income of $1.5 billion and operating income of $1.9 billion, an 8% increase year-over-year. The partnership achieved an Adjusted EBITDA of $2.7 billion and generated $2.1 billion in operational distributable cash flow. Additionally, the company used $116 million for common unit repurchases as part of its ongoing $5.0 billion buyback program.

The quarter was marked by 12 new operational records, including record natural gas processing inlet volumes of 8.3 Bcf/d and pipeline transportation volumes of 14.2 MMBPD. Marine terminal volumes rose 15% to 2.3 MMBPD, and NGL fractionation volumes reached a record 1.9 MMBPD. These results were driven by the integration of new assets, such as the Mentone West 2 plant and the Bahia NGL pipeline, alongside high utilization rates at PDH facilities and increased demand for US energy exports.

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Enterprise Products Partners (NYSE:EPD) continues to expand its footprint in the Permian Basin, announcing plans for two additional natural gas processing plants expected to begin service in 2027. The partnership currently has ~$5.3 billion in major growth projects under construction. For Q1, capital investments totaled $988 million, with 2026 growth capital expenditures projected to range between $2.3 and $2.6 billion as the company scales infrastructure to meet rising production and global export demand.

Enterprise Products Partners (NYSE:EPD) provides midstream energy services for producers and consumers of natural gas, natural gas liquids/NGLs, crude oil, refined products, and petrochemicals.

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