Enterprise Products Q1 Bottom-Line Misses By A Whisker: Details
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.
企业产品合作伙伴有限责任公司（纽约证券交易所代码：EPD）报告称，2024财年第一季度销售额同比增长18.6％，达到147.6亿美元，超过了预期的142.3亿美元。
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%.
调整后的息税折旧摊销前利润从上一季度的22.3亿美元增至24.7亿美元，利润率收缩了192个基点至16.7％。
EPS was 66 cents, up from 63 cents in first-quarter 2023, missing the consensus of 67 cents.
每股收益为66美分，高于2023年第一季度的63美分，未达到共识的67美分。
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.
本季度的可分配现金流为19.15亿美元，而去年同期为19.38亿美元。经营活动提供的调整后现金流为21.47亿美元，而2023年第一季度为20.22亿美元。
"Our earnings growth in the first quarter of 2024 was primarily driven by contributions from new assets placed into service during the second half of 2023 in our NGL Pipeline & Services segment, a 17 percent increase in net marine terminal volumes attributable to growing international demand for U.S. energy, and higher sales volumes and margins in our octane enhancement business," commented A. J. "Jim" Teague, co-chief executive officer of Enterprise's general partner.
Enterprise普通合伙人联席首席执行官A. J. “Jim” Teague评论说：“我们在2024年第一季度的收益增长主要是由我们的液化天然气管道和服务板块在2023年下半年投入使用的新资产的贡献，归因于国际上对美国能源的需求不断增长，以及辛烷值增强业务的销售量和利润率的增加。”
"Near the end of the first quarter, we expanded our Permian natural gas processing infrastructure with the start of operations at our Leonidas plant in the Midland Basin and our Mentone 3 plant in the Delaware Basin. Both facilities have a design capacity to process more than 300 MMcf/d of natural gas and extract over 40 MBPD of NGLs," stated Teague.
“在第一季度末，我们扩大了二叠纪天然气处理基础设施，我们在米德兰盆地的列奥尼达斯工厂和位于特拉华盆地的Mentone 3工厂开始运营。这两个设施的设计能力可以处理超过300 mmcf/d的天然气，每天提取超过40MB的液化天然气，” 蒂格说。
Adjusted total gross operating margin contracted by 189 bps to 16.9%. The gross operating margin from the NGL Pipelines & Services segment was $1.3 billion compared to $1.2 billion a year ago. The crude Oil Pipelines & Services segment increased to $411 million from $397 million.
调整后的总营业利润率下降了189个基点至16.9％。液化天然气管道与服务板块的毛营业利润率为13亿美元，而去年同期为12亿美元。原油管道与服务板块从3.97亿美元增加到4.11亿美元。
Natural Gas Pipelines & Services gross operating was $312 million versus $314 million YoY; Petrochemical & Refined Products Services increased 6% Y/Y.
天然气管道和服务总营业额为3.12亿美元，同比增长3.14亿美元；石化和成品服务同比增长6％。
In the quarter, capital investments came in at $1.1 billion, including sustaining capital expenditures of $180 million.
在本季度，资本投资为11亿美元，包括维持1.8亿美元的资本支出。
The company repurchased ~$40 million of its common units for the quarter, resulting in utilizing 48% of its authorized $2 billion common unit buyback program.
该公司在本季度回购了约4000万美元的普通单位，从而利用了其授权的20亿美元普通单位回购计划的48％。
The company expects organic growth capital investments in the range of $3.25 billion to $3.75 billion in 2024 and 2025. Sees sustaining capital expenditures to be ~$550 million in 2024.
该公司预计，到2024年和2025年，有机增长资本投资将在32.5亿美元至37.5亿美元之间。预计到2024年，持续的资本支出将达到约5.5亿美元。
Price Action: EPD shares are trading lower by 2.57% at $27.86 at the last check Tuesday.
价格走势：在周二的最后一次检查中，环保署股价下跌2.57％，至27.86美元。