Enterprise Products Partners earnings preview and share dip attract analyst focus
Enterprise Products Partners (EPD) will release its second‑quarter earnings before the market opens on Thursday, July 30. The company previously reported first‑quarter adjusted EBITDA of $2.7 billion and adjusted cash flow from operations of $2.3 billion, each up 10% year‑over‑year, and increased its second‑quarter distribution by 2.8% versus the prior year. Recent operational milestones include the commercial start‑up of the Mentone West 2 gas processing plant in February and the completion of phase 2 of the Neches River Terminal flex project.
On Monday the stock fell 1.5%, touching a low of $38.07 and closing at $38.145, while analysts maintain a consensus “hold” rating with an average price target of $39.93. Stifel Nicolaus raised its target to $42 with a buy rating; TD Cowen set a $38 target with a hold; RBC lifted its target to $42; and Goldman Sachs kept a neutral stance at $38. The latest earnings released on April 27 showed EPS of $0.68, missing the consensus estimate of $0.71, with revenue of $14.39 billion, a net margin of 11.45% and a return on equity of 19.53%.
Entities: Enterprise Products Partners · Goldman Sachs Group · Royal Bank of Canada · Stifel Nicolaus · TD Cowen
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Enterprise Products Partners increased its second‑quarter distribution by 2.8% compared with the prior year.
- [○ 1 SOURCE] Enterprise Products Partners' Mentone West 2 gas processing plant entered commercial service in February.
- [○ 1 SOURCE] Enterprise Products Partners reported earnings per share of $0.68 for the quarter, missing the consensus estimate of $0.71.
- [○ 1 SOURCE] Enterprise Products Partners' share price fell 1.5% on Monday, reaching a low of $38.07 and closing at $38.145.
- [○ 1 SOURCE] Enterprise Products Partners will announce its second‑quarter earnings on July 30 before the market opens.
- [○ 1 SOURCE] Analysts have an average price target of $39.93 for Enterprise Products Partners stock.
- [○ 1 SOURCE] Enterprise Products Partners' adjusted cash flow from operations was $2.3 billion in Q1, a 10% increase year‑over‑year.
- [○ 1 SOURCE] In the first quarter, Enterprise Products Partners' adjusted EBITDA was $2.7 billion, a 10% increase year‑over‑year.