Enterprise Products Partners LP Reports Rise In Q2 Bottom Line, Beats estimates

Enterprise Products Partners LP (EPD) reported earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $1.41 billion, or $0.64 per share. This compares with $1.11 billion, or $0.50 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 69.9% to $16.06 billion from $9.45 billion last year.

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

-Earnings (Q2): $1.41 Bln. vs. $1.11 Bln. last year.
-EPS (Q2): $0.64 vs. $0.50 last year.
-Analyst Estimate: $0.63
-Revenue (Q2): $16.06 Bln vs. $9.45 Bln last year.

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