Enterprise Products reports Q1 EPS 64c, consensus 71c

Reports Q1 revenue $15.41B, consensus $14B. “During the Q1, Enterprise continued to benefit from Permian driven volume growth and consistent domestic and international energy demand pull across our midstream infrastructure system,” said A. J. “Jim” Teague, co-CEO of Enterprise’s general partner. “We reported record inlet natural gas processing volumes of 7.7B cubic feet per day and record natural gas pipeline volumes of 20.3T Btus per day. Gross operating margin growth in our NGL Pipeline & Services segment and Natural Gas Pipeline & Services segment substantially offset lower earnings in our Petrochemical & Refined Products Services segment due to lower margins and deficiency revenues in our octane enhancement related businesses and lower gross operating margin in our propylene business.”