Enterprise Products Partners Reports Q3 Earnings Beat with $17.95 Billion in Revenue
Enterprise Products Partners (EPD) reported third-quarter financial results that exceeded analyst expectations for both earnings and revenue. The company posted a GAAP EPS of $0.75, surpassing estimates by $0.03, while total revenue reached $17.95 billion, representing a significant 49.3% increase year-over-year and beating projections by $2.97 billion. On the cash flow front, the company reported an operational distributable cash flow (DCF) of $2.3 billion. This figure provided 1.9x coverage for the distributions declared for the third quarter, marking a 27% increase in coverage capacity. Enterprise Products Partners retained $1.1 billion of its DCF during the period.
Tickers: $EPD
Topics: distribution coverage earnings beat free cash flow revenue growth