Dec. 26, 2025 3:13 PM ETEnterprise Products Partners L.P. Common Units (EPD) StockJulian LinInvesting Group LeaderCommentsSummaryEnterprise Products Partners L.P. is shifting capital allocation toward distribution growth and unit buybacks as growth CapEx declines sharply.Management forecasts growth CapEx of $2–2.5 billion annually, enabling a new era of higher free cash flow and potential stock re-rating.Distribution growth is now the primary focus, with buyback flexibility enhanced by a $5 billion program and improving leverage metrics.I reiterate my Buy rating on EPD stock, expecting a yield re-rating to 5–5.5% as EPD prioritizes unitholder returns over aggressive expansion.Maksim Safaniuk/iStock via Getty ImagesEnterprise Products Partners L.P. (EPD) is trying a new playbook. The company has historically driven reliable growth through lofty spending on high-return growth projects. Management appears to be signaling a shift in capital allocation policy. ManagementMore on my IG serviceSign Up For My Premium Service "Best of Breed Growth Stocks"After a historic valuation reset, the growth investing landscape has changed. Get my best research at your fingertips today. Get access to Best of Breed Growth Stocks:My portfolio of the highest quality growth stocks.My best deep-dive investment reports.My investing strategy for the current market.and much moreThis article was written byJulian Lin36.74K FollowersJulian Lin is a financial analyst. He finds undervalued companies with secular growth that appreciate over time. His approach is to look for companies with strong balance sheets and management teams in sectors with long growth runways. Julian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the conventional margin of safety. Features include: exclusive access to Julian's highest conviction picks, full stock research reports, real-time trade alerts, macro market analysis, individual industry reports, a filtered watchlist, and community chat with access to Julian 24/7. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of EPD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments