Enterprise Reports 2020 Results

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Go back to Enterprise Reports 2020 Results

Enterprise Products Partners (EPD) Misses Q4 Revenues

February 3, 2021 6:17 AM EST

Enterprise Products Partners (NYSE: EPD) reported Q4 EPS of $0.15, $0.35 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $7.04 billion versus the consensus estimate of $7.23 billion.

We are extremely thankful and proud of Enterprises employees for their dedication and perseverance in responding to the challenges and opportunities during 2020 caused by the effects of the pandemic, stated A. J. Jim Teague, co-chief executive officer of Enterprises general partner. The diversification of Enterprises fee-based businesses, storage assets, marketing activities and cost control enabled us to generate $6.4 billion of distributable cash flow for 2020,... More