Enterprise (EPD) Q4 Earnings Beat on Propylene & Octane Margin

Enterprise Products Partners LP’s (EPD) fourth-quarter 2023 adjusted earnings per limited partner unit of 72 cents beat the Zacks Consensus Estimate of 66 cents. The bottom line also increased from the year-ago quarter’s level of 65 cents.Total quarterly revenues of $14.6 billion topped the Zacks Consensus Estimate of $12.8 billion. The top line also improved from $13.7 billion reported in the prior-year quarter.Strong quarterly results can be attributed to increased operating margin of EPD’s fee-based busi ...