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10/29/24 Capitalist Times Live Chat
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AvatarRoger Conrad
7:18
Enterprise has returned 16.8% year to date, building on gains made since the bottom in mid-2020, so it hasn't been a total bust as an investment. And that performance is actually right in line with the Alerian MLP Index.

That is a major underperformance of C-Corp pipeline companies I grant you. But the company itself continues to chug along with mid-single digit percentage growth in cash flow and dividends. The coverage ratio is 1.7 times and free cash flow is still covering dividends plus stock buybacks. The company is still finding places to grow in the most profitable areas of midstream. And with expected CAPEX of $3.5 to $4 bil through 2025, there's every reason to expect more growth ahead.

Bottom line: Think of this as a real slow and steady stock--you won't get rich quick but it is moving in the right direction.
AvatarRoger Conrad
7:20
Well that's all we have in the queue for today. If for some reason your question was not fully answered, please drop us a line at service@capitalisttimes.com. As I said at the outset, we will be sending you a link to the complete transcript of all the Q&A tomorrow morning. And as always that will be posted on the Conrads Utility Investor and Energy and Income Advisor websites.
7:21
Once again, we'd like to thank everyone who participated on the chat today. You've given us a lot to think about as always. Have a Happy and Safe Halloween!
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