The $5.1 billion project is under construction, and this energy company's cash flow is about to da moon.

The corporate product partnership company ( EPD operates a pipeline network covering more than 50,000 miles, primarily transporting natural gas, crude oil, and chemicals. Crucially, they also hold $5.1 billion worth of construction projects, which are expected to gradually come online in the first half of 2026, indicating that cash flow will continue to be released in the coming years.

Similar layouts are not uncommon in the industry. Kinder Morgan's capital project backlog amounts to $9.3 billion, while Enbridge is more aggressive, securing project orders worth CAD 35 billion. These infrastructure giants are locking in stable future earnings through these long-term projects.

The current stock price of EPD has increased by 4.1% over the past year, with its valuation below the industry average ) EV/EBITDA of 10.45 times (. From a fundamental perspective, there are no major issues; however, analysts have recently downgraded their earnings expectations for 2025. If the projects progress as scheduled, this adjustment could be a buying opportunity.