Enterprise Products Partners LP (EPD) announced a profit for third quarter that dropped compared to the same period last year.
The company said its earnings fell to $658 million, or $0.32 per share. This was lower than $699 million, or $0.37 per share, in last year's third quarter.
Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 48.8% to $6.31 billion. This was down from $12.33 billion last year.
Enterprise Products Partners LP earnings at a glance:
-Earnings (Q3): $658 Mln. vs. $699 Mln. last year.
-Earnings Decline (Y-o-Y): -5.9%
-EPS (Q3): $0.32 vs. $0.37 last year.
-EPS Decline (Y-o-Y): -13.5%
-Analysts Estimate: $0.33
-Revenue (Q3): $6.31 Bln vs. $12.33 Bln last year.
-Revenue Change (Y-o-Y): -48.8%
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