Enterprise Reports First Quarter 2021 Earnings

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Go back to Enterprise Reports First Quarter 2021 Earnings

Enterprise Products Partners (EPD) Tops Q1 EPS by 13c, Revenues Beat

May 3, 2021 6:02 AM EDT

Enterprise Products Partners (NYSE: EPD) reported Q1 EPS of $0.61, $0.13 better than the analyst estimate of $0.48. Revenue for the quarter came in at $9.16 billion versus the consensus estimate of $7.07 billion.

The value of Enterprises diversified and integrated midstream system was exhibited again during a volatile first quarter of 2021, said A. J. Jim Teague, co-chief executive officer on Enterprises general partner. Our propylene, NGL, refined products and natural gas businesses benefited from greater demand associated with the early stages of an economic recovery, winter demand and higher commodity prices. This was offset by plant and pipeline... More