Enterprise Products Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Enterprise Products Partners missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share grew significantly.
Margins grew across the board.
Enterprise Products Partners logged revenue of $10.47 billion. The 10 analysts polled by S&P Capital IQ predicted sales of $11.22 billion on the same basis. GAAP reported sales were 7.6% lower than the prior-year quarter's $11.33 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.66. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. GAAP EPS of $0.66 for Q3 were 20% higher than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 7.7%, 130 basis points better than the prior-year quarter. Operating margin was 7.3%, 130 basis points better than the prior-year quarter. Net margin was 5.6%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $11.61 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $44.38 billion. The average EPS estimate is $2.54.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,266 members out of 1,291 rating the stock outperform, and 25 members rating it underperform. Among 379 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 375 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 $58.47.
Is Enterprise Products Partners the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Enterprise Products Partners to My Watchlist.