Enterprise Products Partners L.P. (NYSE:EPD) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, EPD is expected to report 3Q20 income of $ 0.48 per share from revenue of $ 7121.38 million.
For the full year, analysts anticipate top line of $ 28310.90 million, while looking forward to income of $ 2.05 per share bottom line.
Previous Quarter Performance
Enterprise Products Partners L.P. reported income for the second quarter of $ 0.47 per share, from the revenue of $ 5,751.00 million. The quarterly earnings reduced 14.55 percent while revenues down 30.51 percent compared with the same quarter last year.
Street analysts expected Enterprise Products Partners L.P. to report income of $ 0.48 per share on revenue of $ 7489.37 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 2.08 percent, at the same time, top line results fell short of analysts by $ 1 million or 23.21 percent.
Stock Performance
Shares of Enterprise Products Partners L.P. traded low $ -0.05 or -0.29 percent on Tuesday, reaching $ 17.26 with volume of 7.66 million shares. Enterprise Products Partners L.P. has traded high as $ 17.46 and has cracked $ 17.10 on the downward trend
According to the previous trading day, closing price of $ 17.26, representing a 68.55 % increase from the 52 week low of $ 10.27 and a 40.76 % decrease over the 52 week high of $ 29.22.
The company has a market capital of $ 37.68 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Overweight rating, with $ 19.00 target price.
Conference Call
Enterprise Products Partners L.P. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enterpriseproducts.com
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
