Enterprise Reports Record 2018 Results
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Enterprise Products Partners (EPD) Tops Q4 EPS by 9c, Revenues Miss
January 31, 2019 6:12 AM ESTEnterprise Products Partners (NYSE: EPD) reported Q4 EPS of $0.59, $0.09 better than the analyst estimate of $0.50. Revenue for the quarter came in at $9.18 billion versus the consensus estimate of $9.33 billion.
We are extremely proud of Enterprises performance in 2018, stated Jim Teague, chief executive officer of Enterprises general partner. The partnership established 23 operational and financial records for the year. All of our business segments reported operational records. Compared to 2017, liquid pipeline volumes increased 9 percent; natural gas pipeline volumes increased 12 percent; marine terminal volumes increased 12 percent; NGL fractionation volumes increased 14 percent; and propylene plant production volumes... More
