Enterprise Products Partners (EPD) Misses Q4 EPS by 4c, Revenues Miss

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Go back to Enterprise Products Partners (EPD) Misses Q4 EPS by 4c, Revenues Miss

Enterprise Reports Record 2019 Results; Provides Guidance for 2020 Distributions and Buybacks

January 30, 2020 6:00 AM EST

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (Enterprise) (NYSE: EPD) today announced its financial results for the three months and year ended December 31, 2019.

Enterprise reported record net income attributable to limited partners for the full year 2019 of $4.6 billion, or $2.09 per unit on a fully diluted basis, which represents a 9 percent increase from $1.91 per unit on a fully diluted basis reported for 2018. Net income for 2019 was reduced by non-cash, asset impairment and related charges of approximately $133 million, or $0.06 per unit, primarily related to the Centennial liquids pipeline.

Net cash flow provided by... More