Enterprise Products Partners L.P. [EPD] reports quarterly net loss of $1.5 billion
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Company Reports Revenue of $14.8 billion
ENTERPRISE PRODUCTS PARTNERS L.P. [EPD] has reported a net loss Net income of $1.5 billion for quarter ended Dec 31, 2022.
The Company said in a filing before the Securities and Exchange Commission that its total revenue Total revenues for the quarter was $14.8 billion
Based in HOUSTON, Texas, ENTERPRISE PRODUCTS PARTNERS L.P. operates in the TRANSPORT sector.
In the unaudited condensed statements of consolidated operations for the quarter ended March 31, 2024, the company reported total revenues of $14.76 million, compared to $12.44 million in the same period last year. This represents an increase in revenue for the current reporting period.
Operating costs and expenses for the quarter ended March 31, 2024, stood at $13.04 million, up from $10.81 million in the previous year. This increase in operating costs and expenses impacted the company's overall financial performance.
Profitability improved as the company reported a net income of $1.48 million for the current period, compared to $1.42 million in the corresponding period last year. This indicates a growth in net income for the company.
The basic and diluted earnings per common unit for the current quarter were reported at $0.66, showing an increase from $0.63 per unit in the same period last year. This reflects positive earnings per share performance for the company in the current reporting period.
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