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Enterprise Products Partners LP Announces Retreat In Q1 Income, but beats estimates

Enterprise Products Partners LP (EPD) revealed a profit for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $1.30 billion, or $0.59 per share. This compares with $1.34 billion, or $0.61 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 42.0% to $13.01 billion from $9.16 billion last year.

Enterprise Products Partners LP earnings at a glance (GAAP) :

-Earnings (Q1): $1.30 Bln. vs. $1.34 Bln. last year.
-EPS (Q1): $0.59 vs. $0.61 last year.
-Analyst Estimates: $0.53
-Revenue (Q1): $13.01 Bln vs. $9.16 Bln last year.

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