Enterprise Products: 2Q Earnings Snapshot – mySanAntonio.com


Published

HOUSTON (AP) _ Enterprise Products Partners L.P. (EPD) on Wednesday reported second-quarter profit of $1.21 billion.

On a per-share basis, the Houston-based company said it had profit of 55 cents.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The provider of midstream energy services posted revenue of $8.28 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $8.79 billion.

Enterprise Products shares have climbed 20% since the beginning of the year. The stock has climbed 1% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPD at https://www.zacks.com/ap/EPD




READ SOURCE

READ  Storytellers set to tell tales on Thursday | News - McComb Enterprise Journal

LEAVE A REPLY

Please enter your comment!
Please enter your name here