Enterprise Products Tops Q4 Expectations
The midstream energy giant reported solid fourth-quarter results, with notable advances in revenue and operational metrics.
Enterprise Products Partners (NYSE:EPD), a key player in the midstream energy sector, released its fourth-quarter report on Feb. 4. The highlight of the release was its earnings per share (EPS) of $0.74, which surpassed analysts' estimates of $0.70. Additionally, the company generated $14.201 billion in revenue, exceeding forecasts by $75 million, though it was still a 2.9% decrease year over year.
Source: Analysts' estimates for the quarter provided by FactSet.
Enterprise Products Partners operates a vast midstream energy asset network that links natural gas, natural gas liquids (NGLs), and crude oil producers to markets. The network provides seamless service offerings across the energy value chain. Lately, it has expanded its operations in the Permian Basin through strategic acquisitions, significantly enhancing its processing capacity and refinery services.
