Enterprise Products Partners (NYSE: EPD) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Enterprise Products Partners beat expectations on revenue and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.

Margins expanded across the board.

Revenue details
Enterprise Products Partners booked revenue of $11.25 billion. The eight analysts polled by S&P Capital IQ anticipated net sales of $11.03 billion on the same basis. GAAP-reported sales were 10% higher than the prior-year quarter's $10.18 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.73. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.57 per share. GAAP EPS of $0.73 for Q1 were 49% higher than the prior-year quarter's $0.49 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 7%, 70 basis points better than the prior-year quarter. Operating margin was 6.6%, 60 basis points better than the prior-year quarter. Net margin was 5.8%, 170 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $11.59 billion. On the bottom line, the average EPS estimate is $0.58.

Next year's average estimate for revenue is $47.31 billion. The average EPS estimate is $2.40.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,235 members rating the stock outperform and 23 members rating it underperform. Among 357 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 353 give Enterprise Products Partners a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enterprise Products Partners is buy, with an average price target of $54.56.

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