|Day's Range||41.39 - 41.96|
|52 Week Range||37.37 - 45.77|
|PE Ratio (TTM)||45.20|
|Dividend & Yield||2.25 (4.59%)|
|1y Target Est||N/A|
A landmark jury verdict against Houston-based Enterprise Products Partners LP (EPD) in a dispute with Dallas-based Energy Transfer Partners LP (ETP) has been overturned by an appeals court. In 2014, Enterprise had been ordered to pay $535.8 million to ETP , including $319.4 million in actual damages awarded by a jury, plus $150 million in disgorged profits and $66.4 million in pre-judgement interest. Now, the Texas’ 5th District Court of Appeals in Dallas has ruled that ETP will collect nothing.
Pipeline companies are awaiting approval to start construction on 15 shovel-ready projects that are on hold because the Federal Energy Regulation Commission isn’t functional.
TransCanada’s (TRP) Keystone XL pipeline project is a crude oil pipeline beginning in Hardisty, Alberta, and extending to Steele City, Nebraska.