• Robert Kad from Morgan Stanley sets a price target of $34 for NYSE:EPD, indicating a potential increase of about 6.22%.
• EPD's fee-based business model provides stability in earnings, making it resilient against fluctuations in crude oil prices.
• The company's stock has demonstrated a notable performance with units gaining 4.7% over the past year, despite the challenges in the energy sector.

Enterprise Products Partners LP (NYSE:EPD) is a key player in the energy sector, known for its extensive midstream infrastructure. The company operates over 50,000 miles of pipeline and has significant liquids storage capacity. EPD's business model is fee-based, which provides stability in earnings despite fluctuations in crude oil prices, such as the current sub-$60 per barrel for West Texas Intermediate (WTI) oil.

On December 2, 2025, Robert Kad from Morgan Stanley set a price target of $34 for EPD. At that time, EPD's stock was priced at $32.01, suggesting a potential increase of about 6.22%. This target reflects confidence in EPD's ability to maintain stable cash flows, thanks to its long-term contracts and fee-based earnings model, which shields it from volatile oil prices.

EPD's stock is currently priced at $31.99, showing a decrease of approximately 1.64% or $0.53. Despite this drop, EPD has demonstrated resilience, with its units gaining 4.7% over the past year. This performance is notable given the challenges in the energy sector, highlighting the strength of EPD's midstream assets and its ability to generate predictable cash flows.

The stock has fluctuated between $31.96 and $32.50 today, with a market capitalization of around $69.3 billion. EPD's trading volume for the day is 1,973,940 shares. Over the past year, the stock has reached a high of $34.53 and a low of $27.77. Despite trading slightly below the industry's EV/EBITDA average, EPD's fee-based earnings remain a significant contributor to its gross operating margin.