Enterprise Q3 Earnings Lag Estimates, Revenues Increase Y/Y

Zacks10-30

Enterprise Products Partners LP’s EPD third-quarter 2024 adjusted earnings per limited partner unit of 65 cents missed the Zacks Consensus Estimate by a penny. However, the bottom line increased from ...

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However, the bottom line increased from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enterprise-q3-earnings-lag-estimates-141200009.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Enterprise Q3 Earnings Lag Estimates, Revenues Increase Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnterprise Q3 Earnings Lag Estimates, Revenues Increase Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/enterprise-q3-earnings-lag-estimates-141200009.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Enterprise Products Partners LP’s EPD third-quarter 2024 adjusted earnings per limited partner unit of 65 cents missed the Zacks Consensus Estimate by a penny. However, the bottom line increased from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enterprise-q3-earnings-lag-estimates-141200009.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SUN","symbol_name":"太阳石油","start_time":0,"source_url":"https://finance.yahoo.com/news/enterprise-q3-earnings-lag-estimates-141200009.html","article_id":"2479973620","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/7U81L95SEaqHrdpCbdkxSg--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e355dece32180ff77ef1c88a91255c16"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479973620","pubTimestamp":1730297520,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Enterprise Products Partners LP’s EPD third-quarter 2024 adjusted earnings per limited partner unit of 65 cents missed the Zacks Consensus Estimate by a penny. However, the bottom line increased from the year-ago level of 60 cents.Total quarterly revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.7 billion. The top line improved from $12 billion reported in the prior-year quarter.The weak quarterly earnings can be attributed to lower contributions from the Crude Oil Pipelines & Services and Petrochemical & Refined Products Services segments. The negatives were partially offset by higher natural gas processing volumes and increased transportation revenues from its Natural Gas Pipelines and Services segment.Enterprise Products Partners L.P. Price, Consensus and EPS Surprise. Enterprise Products Partners L.P. price-consensus-eps-surprise-chart | Enterprise Products Partners L.P. Quote. Natural Gas Pipelines and Services’ gross operating margin increased to $349 million fro","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SUN":"太阳石油","FCEL":"燃料电池能源","EPD":"Enterprise Products Partners L.P","AROC":"Archrock, Inc"},"translate_title":"企业第三季度盈利滞后预期，收入同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AROC":0.9,"EPD":0.9,"FCEL":0.9,"SUN":0.9},"content_text":"Enterprise Products Partners LP’s EPD third-quarter 2024 adjusted earnings per limited partner unit of 65 cents missed the Zacks Consensus Estimate by a penny. However, the bottom line increased from the year-ago level of 60 cents.\nTotal quarterly revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.7 billion. The top line improved from $12 billion reported in the prior-year quarter.\nThe weak quarterly earnings can be attributed to lower contributions from the Crude Oil Pipelines & Services and Petrochemical & Refined Products Services segments. The negatives were partially offset by higher natural gas processing volumes and increased transportation revenues from its Natural Gas Pipelines and Services segment.\n\nEnterprise Products Partners L.P. Price, Consensus and EPS Surprise\n  \nEnterprise Products Partners L.P. price-consensus-eps-surprise-chart | Enterprise Products Partners L.P. Quote\n\nSegmental Performance\nPipeline volumes in NGL, crude oil, refined products and petrochemicals totaled 7.7 million barrels per day (bpd), higher than the year-ago quarter’s 7.4 million bpd. Natural gas pipeline volumes amounted to 19.1 trillion British thermal units per day (TBtus/d), higher than 18.4 TBtus/d recorded in the year-ago quarter. Also, NGL, crude oil, refined products and petrochemical marine terminal volumes came in at 2.1 million bpd, which remained flat year over year.\nThe gross operating margin at NGL Pipelines & Services increased from $1.2 billion in the year-ago quarter to $1.3 billion. This can be primarily attributed to higher inlet volumes at its natural gas processing plant and increased total fee-based natural gas processing volumes.\nNatural Gas Pipelines and Services’ gross operating margin increased to $349 million from $239 million in the year-ago quarter. The upside was primarily due to increased transportation revenues and higher average sales margins from its natural gas marketing business.\nCrude Oil Pipelines & Services recorded a gross operating margin of $401 million, down from $432 million in the prior-year quarter. The decrease can be attributed to lower average sales margins, a decline in sales volume and increased operating costs.\nThe gross operating margin at Petrochemical & Refined Products Services was $363 million, down from $453 million in the third quarter of 2023. The segment was affected by a decline in total segment pipeline transportation volumes and lower sales volumes.\nCash Flow\nThe distributable cash flow totaled $1.95 billion compared with $1.87 billion in the year-ago period. The same provided a coverage of 1.7X. Enterprise retained $808 million of distributable cash flow in the third quarter. It generated an adjusted free cash flow of $0.9 billion compared with $1.2 billion in the year-ago quarter.\nFinancials\nIn the reported quarter, Enterprise’s total capital investment was $1.2 billion.\nAs of Sept. 30, 2024, the outstanding total debt principal was $32.2 billion, and consolidated liquidity amounted to approximately $5.6 billion.\nOutlook\nFor 2024, EPD expects its growth capital expenditure to be in the range of $3.5-$3.75 billion.\nThe company expects sustaining capital expenditure to be approximately $640 million for 2024, including planned petrochemical turnarounds.\nFor 2025, EPD has updated its guidance for growth capital expenditure to $3.5-$4 billion.\nEPD’s Zacks Rank and Key Picks\nCurrently, EPD carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the energy sector are Archrock Inc. AROC, Sunoco LP SUN and FuelCell Energy FCEL. Archrock presently sports a Zacks Rank #1 (Strong Buy), while Sunoco and FuelCell Energy carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.\nArchrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.\nSunoco LP is one of the largest distributors of motor fuel in the United States. The partnership distributes fuel to independent dealers, commercial customers, convenience stores as well as distributors. Its current distribution yield is greater than that of the composite stocks in the industry, providing unitholders with consistent returns.\nFuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEnterprise Products Partners L.P. (EPD) : Free Stock Analysis Report\nSunoco LP (SUN) : Free Stock Analysis Report\nFuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report\nArchrock, Inc. (AROC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479973620"}