Enterprise Reports Record 2019 Results; Provides Guidance for 2020 Distributions and Buybacks
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Enterprise Products Partners (EPD) Misses Q4 EPS by 4c, Revenues Miss
January 30, 2020 6:09 AM ESTEnterprise Products Partners (NYSE: EPD) reported Q4 EPS of $0.50, $0.04 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $8 billion versus the consensus estimate of $8.57 billion.
We ended the decade with record performance in 2019 with all of our business segments reporting increased results, including 28 operating and financial records, stated A. J. Jim Teague, chief executive officer of Enterprises general partner. Volume growth and new assets placed in service resulted in 13 operational records including 10.4 million equivalent barrels per day of total system transportation volumes, 6.7 million barrels per day of liquid transportation volumes... More
