Enterprise Products in deal with Chevron to develop crude oil port
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Magellan Midstream Partners (MMP) Tops Q2 EPS by 14c, Revenues Miss
August 1, 2019 8:02 AM EDTMagellan Midstream Partners (NYSE: MMP) reported Q2 EPS of $1.20, $0.14 better than the analyst estimate of $1.06. Revenue for the quarter came in at $644.09 million versus the consensus estimate of $659.88 million.
"Magellan continues to produce strong results, with each of our business segments generating higher... More
Altus Midstream Company (ALTM) Acquires 33% Equity Interest in Enterprise Products Partners (EPD) Shin Oak NGL Pipeline
July 31, 2019 8:32 AM EDTEnterprise Products Partners L.P. (NYSE: EPD) and Altus Midstream Company (NASDAQ: ALTM) announced the closing of Altus acquisition of a 33 percent equity interest in the Enterprise subsidiary that owns the Shin Oak natural gas liquids (NGL) pipeline, effective today. The 658-mile Shin Oak Pipeline transports growing NGL production from multiple basins, including the Permian, to Enterprises NGL... More
Enterprise Products Partners (EPD) Tops Q2 EPS by 4c, Revenues Miss
July 31, 2019 6:01 AM EDTEnterprise Products Partners (NYSE: EPD) reported Q2 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $8.28 billion versus the consensus estimate of $8.67 billion.
Enterprise reported record volumes and cash flow from operations during the second quarter of 2019, said A.J. Jim Teague, chief executive officer of Enterprises general partner. Each of our business segments reported increases in gross operating margin compared to the second quarter of last year. In total, we reported 16 operational and financial records during the quarter. Record volumes included our liquid pipelines at 6.6 million barrels per... More
