EPD vs ET ᐉ Comparison: Which is Better to Invest? (2024)

Mid-stream energy companies Energy Transfer (ET) and Enterprise Products Partners (EPD) compete primarily as transporters and refiners of natural gas, but they also own and lease pipelines, facilities, and other resources related to petroleum and other energy products. The companies are approximately the same size, with enterprise values around $75B, and they both call Texas home. ET’s portfolio of assets seems to be lighter-weight in petroleum and crude related assets than its counterpart, but instead seems to be more diversified with its other investments, dabbling in electrical production, timber harvesting, convenience store operations, and a broader spectrum of separation and refining activities. Otherwise, most of their financial statistics are comparable. EPD has had a slightly better dividend, but it seems that they are having to make sacrifices to keep it up. ET has a higher revenue and EBITDA, but has slightly more debt on the books pulling down its diluted EPS.