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Stock impact report

Enterprise Reports Earnings for First Quarter 2020; Reduces 2020 Capital Expenditures By $1.1 Billion

Enterprise Products Partners L.P. (EPD) 
Last enterprise products partners l.p. earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: enterpriseproducts.com/investors
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD) today announced its financial results for the three months ended March 31, 2020.Enterprise reported net income attributable to limited partners of $1.4 billion, or $0.61 per unit on a fully diluted basis, for the first quarter of 2020 compared to $1.3 billion, or $0.57 per unit on a fully diluted basis, for the first quarter of 2019. Net income for the first quarter of 2020 included an aggregate $187 million, or $0.08 per unit, of deferred income tax benefits associated with the settlement on March 5, 2020, of the Liquidity Option Agreement and the subsequent accounting for the related deferred tax liability.Net cash flow provided by operating activities, or cash flow from operations (“CFFO”), was $2.0 billion for the first quarter of 2020 compared to $1.2 billion for the first quarter of 2019. Free Cash Flow (“FCF”) increased 78 percent to $3.4 billion for the twelve months ending March 31, 202 Show less Read more
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