Enterprise Products Partners (EPD) Misses Q4 EPS by 1c
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Enterprise Reports Results for 2015
January 28, 2016 6:00 AM ESTHOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (Enterprise) (NYSE: EPD) today announced its financial results for the three months and year ended December 31, 2015.
For the year 2015, operating income and cash flow provided from operations was $3.5 billion and $4.0 billion, respectively. Enterprise reported $5.3 billion in gross operating margin, and a record $4.0 billion in distributable cash flow, excluding proceeds from asset sales, for the year 2015. Distributions declared with respect to 2015 were $1.53 per unit, a 5.5 percent increase compared to distributions paid with respect to 2014. Distributable cash flow for 2015, excluding the proceeds from asset sales, provided 1.3 times coverage... More
