Better Buy: Enterprise Products Partners vs. Magellan Midstream Partners
Enterprise Products Partners (NYSE: EPD) and Magellan Midstream Partners (NYSE: MMP) were among the very few MLPs that managed to keep distributions growing even in the most challenging commodity price environment. Both are trading at comparable yields. To decide which is better, it's important to understand how and why these two MLPs managed to grow and what the future holds for them.
Enterprise Products Partners' pipeline transportation volumes rose about 5% to 10.4 million equivalent barrels per day in 2019. Its terminal volumes rose 17% for the year. Moreover, the company has been growing its volumes steadily over the years. Enterprise Products' transportation volumes have risen 23% from their 2014 levels.
Data source: Enterprise Products Partners. Chart by author.
Source Fool.com
