Despite Some Near-Term Uncertainty From Tariffs, This Top High-Yield Energy Stock Still Sees Lots of Growth Ahead
President Trump's tariff plan has caused a lot of uncertainty and concern. There are growing worries that they could cause an economic downturn and a reacceleration in inflation. Tariffs could also upend global trade.The potential shift in global trade could have significant implications for the U.S. energy market due to its growing reliance on exports. As a leader in exporting U.S. hydrocarbons, Enterprise Products Partners (NYSE: EPD) is seeing firsthand the chaos caused by tariffs. However, while there's a lot of uncertainty about how things will shake out in the short term, the midstream energy company believes the long-term outlook for U.S. energy exports remains bright. That bodes well for its ability to continue growing its more than 7%-yielding cash distribution.Continue reading
President Trump's tariff plan has caused a lot of uncertainty and concern. There are growing worries that they could cause an economic downturn and a reacceleration in inflation. Tariffs could also upend global trade.
The potential shift in global trade could have significant implications for the U.S. energy market due to its growing reliance on exports. As a leader in exporting U.S. hydrocarbons, Enterprise Products Partners (NYSE: EPD) is seeing firsthand the chaos caused by tariffs.
However, while there's a lot of uncertainty about how things will shake out in the short term, the midstream energy company believes the long-term outlook for U.S. energy exports remains bright. That bodes well for its ability to continue growing its more than 7%-yielding cash distribution.
