Enterprise Products Exceeds Revenue Forecasts but Falls Short on Earnings
Enterprise Products Partners L.P. (EPD) reported first-quarter results that exceeded revenue forecasts but missed on earnings. The company's shares rose slightly in premarket trading, and it announced a 2.8% increase in its quarterly payout. Despite a 6.7% year-over-year revenue decline, operating income and adjusted EBITDA both increased.
Tickers: $EPD
Topics: earnings financial performance midstream energy operational results revenue