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Enterprise Products Partners LP (EPD) announced a profit for second quarter that fell from last year.


RTTNews | Jul 29, 2020 06:09AM EDT

06:09 Wednesday, July 29, 2020 (RTTNews.com) - Enterprise Products Partners LP (EPD) announced a profit for second quarter that fell from last year.

The company's earnings totaled $1.03 billion, or $0.47 per share. This compares with $1.21 billion, or $0.55 per share, in last year's second quarter.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 30.6% to $5.75 billion from $8.28 billion last year.

Enterprise Products Partners LP earnings at a glance:

-Earnings (Q2): $1.03 Bln. vs. $1.21 Bln. last year.-EPS (Q2): $0.47 vs. $0.55 last year.-Analysts Estimate: $0.48-Revenue (Q2): $5.75 Bln vs. $8.28 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3115418/enterprise-products-partners-lp-earnings-decline-in-q2.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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