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Enterprise Products Partners L.P. (NYSE:EPD) reported a fourth-quarter 2024 sales decline of 2.9% year over year to $14.201 billion, beating the consensus of $14.161 billion.
Adjusted EBITDA rose to $2.59 billion from $2.49 billion a year ago, and the margin expanded by 121 bps to 18.3%.
EPS was 74 cents, up from 72 cents in the fourth quarter of 2023, beating the consensus of 70 cents.
Non-GAAP Distributable Cash Flow was $2.16 billion for the quarter compared to $2.06 billion a year ago. Adjusted cash flow provided by operating activities was $2.301 billion compared to $2.215 billion a year ago.
Adjusted total gross operating margin expanded by 108 bps to 18.5%. The NGL Pipelines & Services segment’s gross operating margin increased by 12% YoY to a record $1.5 billion.
Natural Gas Pipelines & Services’ gross margin rose 13% to $323 million, with record transportation volumes of 19.9 TBtus/d, up 5% ...
