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More on Enterprise Products (EPD) Q2: net profit jumps 31% to $566.3M as lower operating...

More on Enterprise Products (EPD) Q2: net profit jumps 31% to $566.3M as lower operating expenses outweigh the fall in revenue, which was caused by reduced commodity prices. Natural-gas liquids, crude oil, refined products and petrochemicals pipeline volume +3% to 4M bpd. Total natural gas pipeline volumes +14% to a record 14.7T British thermal units per day.
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Comments (1)
  • Mike Maher
    , contributor
    Comments (2762) | Send Message
     
    Pretty good quarter, very large backlog of new projects, and a 1.4x distribution coverage in the current quarter, once you back out asset sales. As long as that distribution coverage level increases along with the distribution, stay long this great MLP.
    1 Aug 2012, 08:22 AM Reply Like
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