Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Enterprise Products Partners / Equity Bottom-Up

<ul><li>Enterprise Products Partners L.P. recently reported its financial results for the third quarter of 2024, presenting a mixed bag of operational achievements and persisting challenges that are crucial for investors considering the company's prospects.</li><li>In the financial spectrum, the company experienced a growth in adjusted EBITDA, marking a rise from $2.3 billion in the previous year's third quarter to $2.4 billion.</li><li>This increment underscores the company's capability to generate earnings despite fluctuations in market conditions.</li></ul>

Enterprise Products Partners L.P. recently reported its financial results for the third quarter of 2024, presenting a mixed bag of operational achievements and persisting challenges that are crucial for investors considering the company's prospects.In the financial spectrum, the company experienced a growth in adjusted EBITDA, marking a rise from $2.3 billion in the previous year's third quarter to $2.4 billion.This increment underscores the company's capability to generate earnings despite fluctuations in market conditions.

Enterprise Products Partners L.P.: Can Its Strategic Acquisitions & Integration Up Their Game? - Major Drivers

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>Turbulent fundamentals, volatile weather, and uncertain geopolitics pushed US LNG implied volatility to a 12-month high of 99.47 on 20/Dec. US nat-gas prices have surged 38.2% since November 2024.</li>
<li>Midstream/MLP ETFs, with low energy price correlation, stood out in 2024 as the only energy ETFs to attract inflows, while producer and refiner-focused ETFs saw outflows.</li>
<li>The Alerian MLP ETF, has an AUM of USD 9.4 billion. Over the past year, it has attracted net inflows of USD 1.3 billion and offers a yield of 7.8%.</li>
</ul>


Turbulent fundamentals, volatile weather, and uncertain geopolitics pushed US LNG implied volatility to a 12-month high of 99.47 on 20/Dec. US nat-gas prices have surged 38.2% since November 2024.
Midstream/MLP ETFs, with low energy price correlation, stood out in 2024 as the only energy ETFs to attract inflows, while producer and refiner-focused ETFs saw outflows.
The Alerian MLP ETF, has an AUM of USD 9.4 billion. Over the past year, it has attracted net inflows of USD 1.3 billion and offers a yield of 7.8%.


Long MLP ETF & Short Micro Nat Gas Futures on Shifting Seasonality

<ul><li>Enterprise Products Partners L.P. reported robust results for the second quarter of 2024, with $1.4 billion in net income, marking a 12% increase over the same quarter the previous year.</li><li>This performance is grounded in the company’s extensive project initiatives and strategic operations in various segments, including natural gas and NGL pipelines and services.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Enterprise Products Partners L.P. reported robust results for the second quarter of 2024, with $1.4 billion in net income, marking a 12% increase over the same quarter the previous year.This performance is grounded in the company’s extensive project initiatives and strategic operations in various segments, including natural gas and NGL pipelines and services.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Enterprise Products Partners L.P.: Enhanced LPG Export Capacity & Major Drivers

<ul><li>Enterprise Products Partners L.P., based on its first quarter 2024 earnings, seems to have continued its consistent delivery, with a 7% increase in gross operating margin compared to the first quarter of last year.</li><li>This growth was primarily driven by contributions from new assets and a 17% increase in net marine terminal volumes.</li><li>Positive developments within the company include the expansion of their Permian natural gas processing infrastructure and the start of their Leonidas plant in the Midland Basin and Mentone 3 plant in the Delaware Basin.</li></ul>

Enterprise Products Partners L.P., based on its first quarter 2024 earnings, seems to have continued its consistent delivery, with a 7% increase in gross operating margin compared to the first quarter of last year.This growth was primarily driven by contributions from new assets and a 17% increase in net marine terminal volumes.Positive developments within the company include the expansion of their Permian natural gas processing infrastructure and the start of their Leonidas plant in the Midland Basin and Mentone 3 plant in the Delaware Basin.

Enterprise Products Partners L.P.: A Versatile Hub In Hydrocarbon Distribution With Strategic Market Footholds! - Major Drivers

<ul><li>Enterprise Products Partners L.P. displayed robust financial and operational achievements in 2023.</li><li>The company's distributable cash flow touched $7.6 billion, contributing to a 1.7x coverage and retained $3.2 billion.</li><li>The year 2023 saw Enterprise products set nine financial records and thirteen operating records.</li></ul>

Enterprise Products Partners L.P. displayed robust financial and operational achievements in 2023.The company's distributable cash flow touched $7.6 billion, contributing to a 1.7x coverage and retained $3.2 billion.The year 2023 saw Enterprise products set nine financial records and thirteen operating records.

Enterprise Products Partners L.P.: Is There A Potential Increase in Bahia's Volumes That Could Drive Growth? - Key Drivers

United States

Enterprise Products Partners, L.P. provides processing and transportation services to producers and consumers of natural gas liquids. The Company generally processes products that are ultimately used as feedstocks in petrochemical manufacturing in the production of motor gasoline, and as fuel for residential and commercial heating.

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Enterprise Products Partners (EPD US)

Enterprise Products Partners L.P.: Can Its Strategic Acquisitions & Integration Up Their Game? - Major Drivers

Enterprise Products Partners L.P. recently reported its financial results for the third quarter of 2024, presenting a mixed bag of operational...

Baptista Research

Long MLP ETF & Short Micro Nat Gas Futures on Shifting Seasonality

US LNG volatility hits 12-month high amid turbulent fundamentals, driving nat-gas prices up 38.2%. Midstream/MLP ETFs shine in 2024 with inflows,...

Mint Finance

Enterprise Products Partners L.P.: Enhanced LPG Export Capacity & Major Drivers

Enterprise Products Partners L.P. reported robust results for the second quarter of 2024, with $1.4 billion in net income, marking a 12% increase...

Baptista Research

Enterprise Products Partners L.P.: A Versatile Hub In Hydrocarbon Distribution With Strategic Market Footholds! - Major Drivers

Enterprise Products Partners L.P., based on its first quarter 2024 earnings, seems to have continued its consistent delivery, with a 7% increase...

Baptista Research

Enterprise Products Partners L.P.: Is There A Potential Increase in Bahia's Volumes That Could Drive Growth? - Key Drivers

Enterprise Products Partners L.P. displayed robust financial and operational achievements in 2023. The company's distributable cash flow touched...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Enterprise Products Partners L.P.: Can Its Strategic Acquisitions & Integration Up Their Game? - Major Drivers

Enterprise Products Partners L.P. recently reported its financial results for the third quarter of 2024, presenting a mixed bag of operational...

Baptista Research

Long MLP ETF & Short Micro Nat Gas Futures on Shifting Seasonality

​US LNG volatility hits 12-month high amid turbulent fundamentals, driving nat-gas prices up 38.2%. Midstream/MLP ETFs shine in 2024 with inflows,...

Mint Finance

Enterprise Products Partners L.P.: Enhanced LPG Export Capacity & Major Drivers

Enterprise Products Partners L.P. reported robust results for the second quarter of 2024, with $1.4 billion in net income, marking a 12% increase...

Baptista Research

Enterprise Products Partners L.P.: A Versatile Hub In Hydrocarbon Distribution With Strategic Market Footholds! - Major Drivers

Enterprise Products Partners L.P., based on its first quarter 2024 earnings, seems to have continued its consistent delivery, with a 7% increase...

Baptista Research

Enterprise Products Partners L.P.: Is There A Potential Increase in Bahia's Volumes That Could Drive Growth? - Key Drivers

Enterprise Products Partners L.P. displayed robust financial and operational achievements in 2023. The company's distributable cash flow touched...

Baptista Research

US LNG volatility hits 12-month high amid turbulent fundamentals, driving nat-gas prices up 38.2%. Midstream/MLP ETFs shine in 2024 with inflows,...