Goldman Sachs raises Enterprise Products stock price target to $39 on earnings beat
Goldman Sachs raised its price target on Enterprise Products Partners (EPD) to $39, citing strong Q3 2026 earnings that beat expectations by 5%. The firm adjusted its 2027 EBITDA estimate to $11.475B. EPD's stock trades at $38.15, with a 5.87% dividend yield. The company reported Q3 revenue of $17.95B and adjusted EBITDA of $2.8B, both above estimates. EPD raised its Permian wet gas production outlook to 38.6B cubic feet per day by 2030.
How this was made
The 30-second read
Why it matters
The earnings beat and target raise provide a fresh catalyst for the stock, likely encouraging short-term buying.
Market read
The article delivers primary earnings news and a new analyst target, offering actionable insight for traders.
What to watch
Potential headwinds from lower crude optimization and competitive market share could temper gains.
Background
Enterprise Products Partners reported Q3 2026 earnings that beat expectations, prompting Goldman Sachs to lift its price target.
Ticker impact
Goldman Sachs raised its price target on Enterprise Products Partners to $39 after the company posted a Q3 2026 earnings beat.
likely pressure to the upside as investors price in the higher target.
The new $39 target is above the current $38.15 price and follows a strong earnings beat, indicating fresh buying interest.
Market effects
Midstream energy sector may see modest uplift as earnings beat highlights demand for gas processing.
U.S. energy infrastructure investors could see slight buying pressure.
Limited to U.S. energy equities; no broader macro impact.
Counterpoint
The neutral rating suggests the target raise may already be priced in, limiting upside.
Key entities
- companyEnterprise Products Partners
Midstream energy infrastructure operator.
- analystGoldman Sachs
Investment bank that raised the price target.
