Enterprise Products Partners Gets $38 Target, Record Well Connections in Q4
On February 5, Wells Fargo kept a Hold rating on Enterprise Products Partners with a $38 target, while Scotiabank raised its Sector Perform price target from $35 to $37. Q4 2025 results showed well connections in Midland and Delaware basins and forecasted 2027 gains from OxyRock despite scarce deals.
1. Broker Ratings Update
On February 5, Wells Fargo maintained a Hold rating with a $38 price target on the partnership’s units, while Scotiabank reaffirmed a Sector Perform view and lifted its target from $35 to $37, reflecting confidence in recent operational performance.
2. Q4 2025 Performance
The partnership recorded elevated well connections in the Midland and Delaware basins, leveraging its transport and storage network to manage price volatility and drive throughput growth during the quarter.
3. OxyRock Acquisition Outlook
Management anticipates that the OxyRock acquisition will deliver significant benefits in 2027 by adding gas processing and transport assets to its portfolio and enhancing revenue potential.
4. Market M&A Environment
The company noted a reduced pipeline of acquisition targets in the current market, signaling that future growth may rely more on organic projects and existing infrastructure optimization.