Enterprise Products Partners Beats Estimates Yet Again

Enterprise Products Partners (NYS: EPD) reported earnings on Feb. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Enterprise Products Partners beat expectations on revenues and earnings per share.

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

Margins improved across the board.

Revenue details
Enterprise Products Partners recorded revenue of $11.59 billion. The seven analysts polled by S&P Capital IQ expected revenue of $10.64 billion. Sales were 21% higher than the prior-year quarter's $9.58 billion.


Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.82. The 17 earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. GAAP EPS were $0.82 for Q4 against -$1.49 per share for the prior-year quarter.


Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 8.1%, 60 basis points better than the prior-year quarter. Operating margin was 7.8%, 60 basis points better than the prior-year quarter. Net margin was 6.2%, 1,380 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $10.86 billion. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $48.48 billion. The average EPS estimate is $2.63.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,182 members out of 1,204 rating the stock outperform, and 22 members rating it underperform. Among 399 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 396 give Enterprise Products Partners a green thumbs-up, and three 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 $48.89.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Enterprise Products Partners. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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