Enterprise Products Misses Q3 Estimates, Boosts Cash Flow With New Asset Growth

Enterprise Products Partners L.P. (NYSE:EPD) reported third-quarter sales growth of 14.8% year over year to $13.775 billion, missing the consensus of $13.843 billion.

Adjusted EBITDA rose to $2.44 billion from $2.327 billion a year ago, and the margin contracted by 167 bps to 17.7%.

EPS was 65 cents, up from 60 cents in the third quarter of 2023, missing the consensus of 66 cents.

Distributable Cash Flow was $2 billion for the quarter compared to $1.9 billion a year ago. Adjusted cash flow provided by operating activities was $2.108 billion compared to $2.021 billion a year ago.

Adjusted total gross operating margin contracted by 160 bps to 17.8%. The gross operating margin from the NGL Pipelines & Services segment was ...

https://www.benzinga.com/news/earnings/24/10/41602443/enterprise-products-misses-q3-estimates-boosts-cash-flow-with-new-asset-growth