Enterprise Products Partners L.P Reports Q2 FY2023 Earnings Results on June 30, 2023
August 5, 2023
🌥️Earnings Overview
On August 1 2023, ENTERPRISE PRODUCTS PARTNERS L.P ($NYSE:EPD) reported their earnings for the second quarter of FY2023. Total revenue for the quarter ending June 30 2023 amounted to USD 10.7 billion, a decrease of 33.7% compared to the same period the year before. Net income for the quarter was USD 1.2 billion, which was 11.3% lower than the previous year.
Share Price
On Tuesday, June 30, 2023, ENTERPRISE PRODUCTS PARTNERS L.P reported its second quarter of fiscal year 2023 earnings results. The stock opened at $26.2 and closed at $26.7, representing a 0.7% increase from the prior closing price of $26.5. However, investors are optimistic that the company will be able to deliver strong results in the upcoming quarters. Overall, it appears that ENTERPRISE PRODUCTS PARTNERS L.P is well-positioned to continue its growth in the near-term future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EPD. More…
| Total Revenues | Net Income | Net Margin |
| 52.21k | 5.4k | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EPD. More…
| Operations | Investing | Financing |
| 7.26k | 316 | -868 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EPD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 67.33k | 39.47k | 12.32 |
Key Ratios Snapshot
Some of the financial key ratios for EPD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.4% | 6.0% | 13.1% |
| FCF Margin | ROE | ROA |
| 11.5% | 16.0% | 6.4% |
Analysis
At GoodWhale, we recently conducted a comprehensive analysis on the fundamentals of ENTERPRISE PRODUCTS PARTNERS L.P. According to our Star Chart, ENTERPRISE PRODUCTS PARTNERS L.P is classified as a “cheetah”, a type of company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Considering its cash flows and debt, ENTERPRISE PRODUCTS PARTNERS L.P has scored an impressive 8/10 on our Health Score, indicating that it is well capable of sustaining future operations even in times of crisis. Additionally, this company is strong in dividend and growth, and medium in assets and profitability. As such, investors interested in dividend growth or capital appreciation may look to invest in this company. More…
Peers
Enterprise Products Partners LP is a Houston-based partnership that owns and operates pipelines and other energy-related transportation and storage facilities. The company’s main competitors are Energy Transfer LP, Enbridge Inc, and Kinder Morgan Inc. All three companies are based in North America and are involved in the transportation and storage of oil and natural gas.
– Energy Transfer LP ($NYSE:ET)
Energy Transfer LP is a publicly traded partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.
– Enbridge Inc ($TSX:ENB)
Enbridge Inc is a Canadian energy transportation and distribution company. It has a market capitalization of $103.97 billion as of 2022 and a return on equity of 9.87%. The company operates in the oil and gas industry and owns and operates a network of pipelines that transport crude oil, natural gas, and refined products in Canada and the United States. Enbridge also owns and operates a fleet of oil tankers and gas storage facilities.
– Kinder Morgan Inc ($NYSE:KMI)
Kinder Morgan Inc is a leading North American energy company that specializes in the transport, storage, and distribution of natural gas and crude oil products. The company has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. Kinder Morgan is one of the largest energy infrastructure companies in North America, with a network of approximately 84,000 miles of pipelines and 160 terminals. The company’s pipelines transport natural gas, crude oil, refined products, and CO2, while its terminals store and handle petroleum products, chemicals, and other bulk materials.
Summary
Enterprise Products Partners L.P reported their second quarter earnings for FY2023, with total revenue of USD 10.7 billion, a 33.7% decrease from the same quarter the year prior. Net income for the quarter was 11.3% lower than the previous year, at USD 1.2 billion. This indicates a decline in performance from the company, which may make investing in the company a riskier option. Investors should carefully analyze the company’s financials before making any decisions.
Additionally, they should stay up to date on any news or changes to the company so they can make an informed decision when investing.
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