'India Will Step Up US LPG Buying as Middle East Risks Persist' - Bloomberg
https://www.bloomberg.com/news/articles/2026-09-25/india-will-step-up-us-lpg-buying-as-middle-east-risks-persist
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Morgan Stanley analyst Robert Kad maintains Enterprise Prods Partners (NYSE:EPD) with a Underweight and raises the price target from $40 to $41.
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https://www.bloomberg.com/news/articles/2026-09-25/india-will-step-up-us-lpg-buying-as-middle-east-risks-persist
Enterprise Products Partners (EPD) declined 1.2% to close at $38.01 on September 22, 2026. The midstream energy services provider is forecasted to report strong earnings growth of 22.95% YoY with revenue expected at $15.13 billion (+25.86% YoY). EPD holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.71, trading at a discount to its industry average of 14.21. Full-year estimates project EPS of $3.03 and revenue of $63.08 billion.
Hess Midstream LP (HESM) beat Q2 2026 earnings expectations with 75 cents per share, up 1.4% YoY, despite lower throughput. Higher tariff rates and reduced operating costs offset weaker volumes. Management expects second-half improvement as Chevron wells come online, but Q3 Adjusted EBITDA is projected at $310-320 million as deferred maintenance and capital spending rise. Full-year guidance remains flat versus 2025.
RBC Capital analyst Elvira Scotto reiterates Enterprise Prods Partners (NYSE:EPD) with a Outperform and maintains $42 price target.