Enterprise Products Partners Q1 Profit Rises - Quick Facts

(RTTNews) - Enterprise Products Partners L.P. (EPD) reported Thursday that its first-quarter its net income attributable to limited partners was $798.8 million or $0.85 per unit, compared to $753.5 million or $0.83 per unit a year ago.

The latest results included net gains attributable to asset sales and insurance recoveries of approximately $90 million or $0.10 per unit, compared to last year's gains of $64 million, or $0.07 per unit. Non-cash charges for impairments of certain assets of $9 million or $0.01 per unit were also included in the latest quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $12.91 billion from prior year's $11.38 billion. Analysts estimated revenues of $12.60 billion for the quarter.

Gross operating margin of $1.33 billion was 8 percent higher than the first quarter of last year.

Volumes transported on the company's liquids pipelines increased 14 percent to 5.1 million barrels per day, attributable to volume growth on its NGL and crude oil pipelines. The company's NGL fractionators handled record volumes of 792,000 barrels per day.