Quarterly / Earnings Reports
Enterprise Hits Record $1.2B Quarter; Talks Projects
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Enterprise Products Partners L.P. has reported its financial results for the three months ended March 31, 2013.
Net income attributable to limited partners for the first quarter of 2013 increased 16 percent to $754 million from $651 million for the first quarter of 2012. Earnings per unit for the first quarter of 2013 increased 14 percent to $0.83 per unit on a fully diluted basis compared to $0.73 per unit on a fully diluted basis for the first quarter of 2012. Net income for the first quarter of 2013 included $64 million, or $0.07 per unit on a fully diluted basis, of gains primarily from the sale of assets and was reduced by $11 million, or $0.01 per unit on a fully diluted basis, of non-cash asset impairment charges. Net income for the first quarter of 2012 included an income tax…
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