Dividend-News

Recent Earnings Reinforce Good Dividend Payer Enterprise Products Partners' Outlook

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  Published Thu, 09 Aug 2012 02:00:15 -0400 on Seeking Alpha
  

  
  

  On August 2, 2012 Enterprise Products Partners LP (EPD) reported Q2 2012 earnings of $0.64. This handily beat the average analysts' estimate of $0.58; and it was approximately 25% more than the $0.51 in Q2 of 2011. Transportation of NGLs, crude, refined products, and petrochemical products increased approximately 3% year over year. Natural gas volumes increased about 14%. Total costs and expenses dropped approximately 14.5%. However, revenues fell about 13% to $9.79B year over year due to lower commodity prices and lower sales of petroleum products, although higher volumes ameliorated the fall. This was a big miss on the analysts' estimate of $11.95B. The quarterly distribution increased 5.0% year over year to $0.635 per common unit (or $2.54 per unit annualized or a 4.79% annual dividend). The $876 million in distributable cash flow provided 1.6x coverage. The partnership retained $331 million in cash flow to help service its financing needs.... Read more
  

  Stock name									ISIN	Last trade		P/E	Earnings/Share	Dividend/Share	Dividend yield
  DCP MIDSTREAM PARTNERS									US23311P1003	50.17		21.8	2.30	2.80	5.58
  ENTERPRISE PRODUCTS									US2937921078	61.57		22.5	2.71	2.68	4.35
  PLAINS ALL AM. PIPELINE									US7265031051	57.98		24.1	2.40	2.30	3.97
  ENBRIDGE									CA29250N1050	46.82		61.2	0.76	1.25	2.67
  ANADARKO PETROLEUM									US0325111070	90.03		64.1	1.37	0.36	0.40

  
  

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