Revenue Update on Enterprise Products Partners L.P.(NYSE:EPD)

Enterprise Products Partners L.P.(NYSE:EPD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $5.62B. Analysts estimated a revenue of $5.65B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.31.

In a different note, Bernstein said it Initiates Coverage on Enterprise Products Partners L.P., according to a research note issued on May 11, 2016. The shares have been rated ‘Outperform’ by the firm.

Enterprise Products Partners L.P. (EPD) shares turned negative on Thursdays trading session with the shares closing down -0.52 points or -1.90% at a volume of 57,34,645. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.54. The peak price level was also seen at $27.54 while the days lowest was $26.7. Finally the shares closed at $26.78. The 52-week high of the shares is $30.105 while the 52-week low is $19. According to the latest information available, the market cap of the company is $55,743 M.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Randa Duncan Williams (director 10% owner) purchased 10,000 shares at $24.00 per share price.Also, On Feb 17, 2016, Carin Marcy Barth (director) purchased 5,000 shares at $20.52 per share price.On Feb 11, 2016, William C Montgomery (director) purchased 10,000 shares at $19.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas natural gas liquids (NGLs) crude oil petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5400 miles of onshore crude oil pipelines crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.

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