Enterprise Products: 2Q Earnings Snapshot
HOUSTON (AP) _ Enterprise Products Partners L.P. (EPD) on Wednesday reported second-quarter profit of $1.21 billion.
On a per-share basis, the Houston-based company said it had profit of 55 cents.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The provider of midstream energy services posted revenue of $8.28 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $8.79 billion.
Enterprise Products shares have climbed 20% since the beginning of the year. The stock has climbed 1% in the last 12 months.