Enterprise Products Partners L.P. (NYSE:EPD) provider of midstream energy services, is reporting second quarter earnings results on Wednesday 29th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.48 per share.
For the full year, analysts predict revenues of $ 30741.10 million, while looking forward to income of $ 2.07 per share.
Previous Quarter Performance
Enterprise Products Partners L.P. announced income for the first quarter of $ 0.53 per share, from the revenue of $ 7,483.00 million. The quarterly earnings down 7.02 percent while revenues reduced 12.41 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.52 per share from $ 8245.62 million in revenue. The bottom line results beat street analysts by $ 0.01 or 1.92 percent, at the same time, top line results fell short of analysts by $ 762.62 million or 9.25 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of EPD was $ 18.29, representing a 78.09 % increase from the 52 week low of $ 10.27 and a 40.01 % decrease over the 52 week high of $ 30.49.
The company has a market capital of $ 39.98 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Analyst recommendations
- On 1st June 2020, maintained by Morgan Stanley at Overweight rating, with $ 24.00 target price.
Conference Call
Enterprise Products Partners L.P. will be hosting a conference call at 10:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enterpriseproducts.com
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
