Enterprise Products Partners LP (EPD) announced earnings for fourth quarter that declined from last year.
The company's profit totaled $0.34 billion, or $0.15 per share. This compares with $1.10 billion, or $0.50 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 12.1% to $7.04 billion from $8.01 billion last year.
Enterprise Products Partners LP earnings at a glance:
-Earnings (Q4): $0.34 Bln. vs. $1.10 Bln. last year.
-EPS (Q4): $0.15 vs. $0.50 last year.
-Analysts Estimate: $0.50
-Revenue (Q4): $7.04 Bln vs. $8.01 Bln last year.
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