It was a year to remember for Enterprise Products Partners (EPD -1.86%). The energy midstream specialist released its fourth-quarter and fiscal 2013 results, with several line items notching all-time highs in the latter period. For the quarter, revenue was slightly more than $13 billion, bettering the $11.1 billion in the same period the previous year. Attributable net income was $699 million ($0.75 per diluted unit), against fourth-quarter 2012's $616 million ($0.68).
Analysts had expected a per-unit net of $0.71.
For the full year, Enterprise Products Partners posted a top line of $47.7 billion, notably higher than the $42.6 billion it reaped in 2012. Attributable net was $2.6 billion, or $2.82 per diluted unit, with both figures being new fiscal year records. Attributable net in 2012 was $2.4 billion ($2.71 per diluted unit).
In the press release announcing the news, company CEO Michael Creel said the improvements were due to "record volumes in our fee-based businesses attributable to production growth and from strong domestic and international demand for [natural gas liquids], particularly from the U.S. petrochemical industry."
