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What These Changes in EPD's Key Indicators Suggest

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What These Changes in EPD's Key Indicators Suggest PART 1 OF 5

Enterprise Products Partners Closed Last Week with Marginal Gains

EPD’s price performance

Enterprise Products Partners (EPD) rose 0.6% in the week ended May 12, 2017. The Alerian MLP ETF (AMLP) fell 1.6% last week, underperforming EPD.

In comparison, NYMEX near-month WTI (West Texas Intermediate) crude oil futures price surged 3.5% week-over-week. Crude oil had fallen 6.3% in the previous week ended May 5.

Enterprise Products Partners Closed Last Week with Marginal Gains

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EPD’s 1Q17 earnings

On May 2, 2017, Enterprise Products Partners reported its 1Q17 results. The partnership reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.4 billion for the quarter, 6.6% higher compared to its adjusted EBITDA in 1Q16.

EPD’s 1Q17 results were driven by higher liquid pipeline and marine terminal volumes.

EPD’s distribution

On April 5, 2017, Enterprise Products Partners announced a distribution of $0.42 per unit for 1Q17. This distribution represented a 1.2% rise over its last quarter’s distribution of $0.41 per unit and a 5.1% rise year-over-year.

Year-to-date performance

Enterprise Products Partners is trading nearly flat year-to-date (or YTD). In comparison, Plains All American Pipeline (PAA) has fallen 15%, and AMLP has fallen nearly 3% YTD. ONEOK (OKE) has fallen 11% during the same period.

In this series, we’ll take a look at EPD’s key technical indicators, short interest, and valuation. We’ll also discuss EPD’s expected price range for the current week based on its implied volatility.

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