Enterprise Reports Record Results for Second Quarter 2019
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Enterprise Products Partners (EPD) Tops Q2 EPS by 4c, Revenues Miss
July 31, 2019 6:01 AM EDTEnterprise Products Partners (NYSE: EPD) reported Q2 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $8.28 billion versus the consensus estimate of $8.67 billion.
Enterprise reported record volumes and cash flow from operations during the second quarter of 2019, said A.J. Jim Teague, chief executive officer of Enterprises general partner. Each of our business segments reported increases in gross operating margin compared to the second quarter of last year. In total, we reported 16 operational and financial records during the quarter. Record volumes included our liquid pipelines at 6.6 million barrels per... More
