Financial PerformanceEPD's pristine balance sheet, diversification, and potential for additional free cash flow growth are seen as benefits despite leverage to Permian associated gas dynamics.
Market PositionEPD is viewed as best positioned in an environment where there is a reallocation toward more defensive names within Midstream.
Strategic AcquisitionsThe acquisition of Pinon Midstream emphasizes EPD's M&A philosophy, providing a foothold in a future growth platform.