EPD Earnings Prediction
The chart below shows how EPD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EPD sees a -0.29% change in stock price 10 days leading up to the earnings, and a +1.12% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
EPD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
13.78B
14.81%
2.17%
Gross Margin
20.23%
-7.67%
0.90%
Operating Margin
12.40%
-6.06%
-0.08%
Net Margin
10.40%
-7.56%
-1.42%
EPS
0.65
8.33%
1.56%
No Data Available
EPD Earnings Analysis
Enterprise Products Partners L.P. Corporation (EPD.N) Earnings Conference Call
Positive
Adjusted EBITDA Comparison: We reported adjusted EBITDA of $2.4 billion for the third quarter compared to $2.3 billion for last year third quarter.
Distributable Cash Flow Growth: We generated $2 billion of distributable cash flow, providing 1.7x coverage.
Retained DCF Total: Our retained DCF totals $2.3 billion year-to-date.
Volume Metric Records: We set 5 volume metric records, including 7.5 billion cubic feet per day of inlet natural gas processing volumes and 12.8 million barrels a day of crude oil equivalent pipeline volumes.
Acquisition of Pignon Midstream: We completed the acquisition of Pignon Midstream.
Negative
Adjusted EBITDA Increase: We reported adjusted EBITDA of $2.4 billion for the third quarter compared to $2.3 billion for last year third quarter.
Cash Flow Increase: Our adjusted cash flow from operations increased 4% to $2.1 billion for the third quarter of 2024 compared to $2 billion for the third quarter of last year.
Quarterly Distribution Increase: We declared a distribution of $0.525 per common unit for the third quarter of 2024, which is a 5% increase over the distribution declared for the third quarter of last year.
Buyback Program Summary: Total repurchases for the trailing 12 months were $252 million, or approximately 9.1 million Enterprise common units, bringing total purchases under our buyback program to approximately $1.1 billion.
Total Debt Outstanding: As of September 30, 2024, our total debt principal outstanding was approximately $32.2 billion.
EPD FAQs
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EPD Earning Call Sentiment
Enterprise Products Partners L.P. Common Units (EPD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EPD.N
-0.36%Positive
The earnings call summary indicates strong financial performance with increased EBITDA, net income, and cash flow. Growth projects and capital investments are underway, and the distribution per unit has increased. The Q&A section highlights positive market demand and ongoing expansion projects, despite minor delays. The management's cautious approach to potential regulatory impacts in New Mexico is noted, but overall sentiment remains positive due to robust growth metrics and strategic investments.