Enterprise Products Partners Reports Strong Q4 Earnings, Surpassing Estimates
HOUSTON, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Enterprise Products Partners L.P. (EPD) announced its fourth-quarter financial results today, revealing a solid performance that exceeded market expectations.
Fourth-Quarter Highlights:
* Net income of $1.62 billion
* Earnings per share (EPS) of 74 cents
* Revenue of $14.2 billion
Analysts' consensus estimate, compiled by Zacks Investment Research, projected EPS of 69 cents, making EPD's actual results a positive surprise.
Annual Results:
For the full year, EPD reported:
* Net income of $5.9 billion
* EPS of $2.69
* Revenue of $56.22 billion
This positive financial performance reflects the company's strong position in the midstream energy services industry. For more information, access a Zacks stock report on EPD at https://www.zacks.com/ap/EPD.