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ENTERPRISE PRODUCTS PARTNERS L.P. [EPD] reports annual net loss of $5.7 billion

ENTERPRISE PRODUCTS PARTNERS L.P. [EPD] reports annual net loss of $5.7 billion

Company Reports Revenue of $49.7 billion

By USInMinutes
Published - Feb 29, 2024, 05:44 AM ET
Last Updated - Feb 29, 2024, 05:44 AM EST

ENTERPRISE PRODUCTS PARTNERS L.P. [EPD] has reported a net loss of $5.7 billion for year ended Dec 31, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $49.7 billion

Based in HOUSTON, Texas, ENTERPRISE PRODUCTS PARTNERS L.P. operates in the TRANSPORT sector.

In the 12 months ended December 31, 2023, the total revenues for the company amounted to $49.715 million, a decrease from $58.186 million in the same period in 2022. This decline was primarily driven by a decrease in revenues from third parties.

The total operating costs and expenses for the company in 2023 were $43.248 million, compared to $51.743 million in 2022. This decrease can be attributed to lower costs associated with third parties and other expenses.

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