Why Units of Enterprise Products Partners Tumbled 12.4% in April
Units of Enterprise Products Partners (NYSE: EPD) plunged 12.4% in April, according to data provided by S&P Global Market Intelligence. Weighing on the master limited partnership (MLP) were concerns that tariffs could impact its business, given its leadership in exporting hydrocarbons. The midstream giant also reported its first-quarter financial results last month. The Trump administration unveiled its reciprocal tariff plans early last month. They were much higher than most economists expected. That caused significant volatility in the stock market and had a meaningful impact on global trade.Image source: Getty Images.Continue reading
Units of Enterprise Products Partners (NYSE: EPD) plunged 12.4% in April, according to data provided by S&P Global Market Intelligence. Weighing on the master limited partnership (MLP) were concerns that tariffs could impact its business, given its leadership in exporting hydrocarbons. The midstream giant also reported its first-quarter financial results last month.
The Trump administration unveiled its reciprocal tariff plans early last month. They were much higher than most economists expected. That caused significant volatility in the stock market and had a meaningful impact on global trade.
Image source: Getty Images.
