Enterprise Products Partners (EPD) Tops Q1 EPS by 9c, Revenues Miss; Reduces FY20 Cap. Ex. Outlook

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Go back to Enterprise Products Partners (EPD) Tops Q1 EPS by 9c, Revenues Miss; Reduces FY20 Cap. Ex. Outlook

Enterprise Reports Earnings for First Quarter 2020; Reduces 2020 Capital Expenditures By $1.1 Billion

April 29, 2020 6:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (Enterprise) (NYSE: EPD) today announced its financial results for the three months ended March 31, 2020.

Enterprise reported net income attributable to limited partners of $1.4 billion, or $0.61 per unit on a fully diluted basis, for the first quarter of 2020 compared to $1.3 billion, or $0.57 per unit on a fully diluted basis, for the first quarter of 2019. Net income for the first quarter of 2020 included an aggregate $187 million, or $0.08 per unit, of deferred income tax benefits associated with the settlement on March 5, 2020, of the Liquidity Option Agreement and the... More