Enterprise Reports Results for Second Quarter 2020

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Go back to Enterprise Reports Results for Second Quarter 2020

Enterprise Products Partners (EPD) Misses Q2 EPS by 1c, Revenues Miss

July 29, 2020 6:07 AM EDT

Enterprise Products Partners (NYSE: EPD) reported Q2 EPS of $0.47, $0.01 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $5.75 billion versus the consensus estimate of $7.49 billion.

Our results for the second quarter of 2020 highlight the diversification of Enterprises integrated midstream system, the quality of our customers, cost savings, and the responsiveness of our employees to one of the most challenging quarters in the history of the U.S. energy industry, said A.J. Jim Teague, co-chief executive officer of Enterprises general partner. Our fee-based businesses, storage assets, marketing business and... More