Why 2017 Was a Year to Remember for Enterprise Products Partners L.P.

Why 2017 Was a Year to Remember for Enterprise Products Partners L.P.

This past year has been a tough one for pipeline stocks. Despite an improving oil market, most have declined in value even as the stock market has marched higher. Enterprise Products Partners (NYSE: EPD) is no exception: The MLP has fallen more than 11% through late November.

However, that decline masks a relatively solid year for the pipeline and processing company since distributable cash flow (DCF) rose every single quarter versus the year-ago period. Meanwhile, the company made excellent progress on its expansion strategy, not only putting the finishing touches on several projects but securing new ones to fuel growth. Because of that, and an increasingly strong financial position, the company looks like an excellent value for income seekers.

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Source: Fool.com