Enterprise Reports Results for Third Quarter 2019
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Enterprise Products Partners (EPD) Misses Q3 EPS by 7c, Revenues Miss
October 28, 2019 6:02 AM EDTEnterprise Products Partners (NYSE: EPD) reported Q3 EPS of $0.46, $0.07 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $7.95 billion versus the consensus estimate of $8.82 billion.
Net income for the third quarter of 2019 included unrealized mark-to-market losses of $86 million, or a loss of $0.04 per fully diluted unit, primarily related to activities to hedge interest rates for future issuances of debt. Net income for the third quarter of 2018 included unrealized mark-to-market gains of $204 million, or a gain of $0.09 per fully diluted unit, primarily from hedging activities related to our... More