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Why Distribution Growth Is Less Important for EPD

Why Distribution Growth Is Less Important for EPD

In its 2018 Analyst Conference presentation, Enterprise Products Partners (EPD) discussed the correlation of its stock price with distribution growth. According to the company, the correlation coefficient between EPD’s stock price and distribution growth was 0.93 from January 2010 to August 2014. It fell to just 0.32 in the TTM (trailing-12-month) period. The correlations of Enterprise Products’ stock price with its distribution growth over the 2010–2014 and TTM periods are shown in the graphs above.