Enterprise Reports Earnings for First Quarter 2020; Reduces 2020 Capital Expenditures By $1.1 Billion

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Go back to Enterprise Reports Earnings for First Quarter 2020; Reduces 2020 Capital Expenditures By $1.1 Billion

Mizuho Securities Reiterates Buy Rating on Enterprise Products Partners (EPD) Following 1Q Report

April 30, 2020 6:56 AM EDT

Mizuho Securities analyst Gabriel Moreen reiterated a Buy rating and $24.00 price target on Enterprise Products Partners (NYSE: EPD) following the company's 1Q earnings call. On the call, management indicated that EPD stands to gain $500-600mn in marketing and optimization margin in 2020, that should mute... More

Enterprise Products Partners (EPD) Tops Q1 EPS by 9c, Revenues Miss; Reduces FY20 Cap. Ex. Outlook

April 29, 2020 6:23 AM EDT

Enterprise Products Partners (NYSE: EPD) reported Q1 EPS of $0.61, $0.09 better than the analyst estimate of $0.52. Revenue for the quarter came in at $7.48 billion versus the consensus estimate of $8.25 billion.

We would like to thank the healthcare professionals on the frontlines and those in the laboratories for their compassion, tireless efforts, courage and creativity in treating those stricken with COVID-19 and developing therapies and vaccines, said A. J. Jim Teague, co-CEO of Enterprises general partner. We would also like to thank first responders and local, state and federal officials for making the many tough calls... More