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Enterprise Products Q1 Bottom-Line Misses By A Whisker: Details

Enterprise Products Partners L.P. (NYSE:EPD) reported a first-quarter fiscal 2024 sales growth of 18.6% year-over-year to $14.76 billion, beating the consensus of $14.23 billion.  Adjusted EBITDA rose to $2.47 billion from $2.23 billion in the prior year quarter, and the margin contracted by 192 bps to 16.7%. EPS was 66 cents, up from 63 cents in first-quarter 2023, missing the consensus of 67 cents. Distributable Cash Flow was $1.915 billion for the quarters compared to $1.938 billion a year ago. Adjusted cash flow provided by operating activities was $2.147 billion compared to $2.022 billion in the first quarter of 2023. “Our earnings growth in the first quarter of 2024 was primarily driven by contributions from ...