Enterprise Products Partners (EPD) reported an earnings beat for its 4th quarter, ending 12/31/2022. Earnings per share came in at $0.65, versus the expected $0.62.
The reported revenue of $13.65 billion represents a decrease of -11.67% compared to the previous quarter, and growth of 17.15% compared to the same period last year.
For the 1st quarter, analysts project earnings of $0.61 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for EPD stock.
What’s Next for Enterprise Products Partners, Post-Earnings?
According to TipRanks, the average analyst consensus on EPD stock is a Strong Buy. This consensus is based on 9 analyst ratings made in the past 3 months. Enterprise Products Partners’ average price target of $30.67 implies upside potential of 19.43% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings beat can signify positive movement ahead for a stock’s price. Currently, EPD price is $25.68, indicating a 5-day drop of -1.38%.
About Enterprise Products Partners
Texas-based Enterprise Products Partners LP is a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals. The company operates through the following business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services..
Learn more about EPD financials here
