HOUSTON (AP) _ Enterprise Products Partners L.P. (EPD) on Thursday reported first-quarter net income of $661.2 million.
On a per-share basis, the Houston-based company said it had profit of 32 cents. Earnings, adjusted for asset impairment costs, were 33 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The provider of midstream energy services posted revenue of $5.01 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $7 billion.
Enterprise Products shares have climbed 6 percent since the beginning of the year. The stock has decreased 20 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPD at http://www.zacks.com/ap/EPD
Keywords: Enterprise Products Partners, Earnings Report
Automated Insights, source Associated Press News