Wednesday, May 3, 2017

EPD -- Surprise Beat -- Whoohoo! -- May 3, 2017

Disclaimer: this is not an investment site.

My two favorite words are "surprise" and "beat" when seen in a headline for an energy earnings story.

Especially when the two words are next to each other.

Example. From Zacks, May 3, 2017: Enterprise Product Partners (EPD) Q1 Earnings & Revenue Beat.

My bad. No "surprise" in that headline.

I guess it was subconscious. My subconscious mind read the headline as a "surprise beat." LOL.


Data points from the linked article:
  • EPS: 36 cents vs forecast 32 cents (surprise percent: 12.5%)
  • revenue: $7.32 billion vs forecast $6.713 billion (huge)
  • bottom line: also improved from same quarter one year ago
  • revenues increased to $7.32 billion from $5.00 billion (46% increase) from year-ago quarter
  • quarterly distribution: increased 5.1% y-o-y to 41.5 cents
  • adjusted cash flow: $1.1 billion
  • adjusted cash flow coverage: 1.3x
  • partnership retained $238 for CAPEX, reducing debt, yada, yada, yada
The headline may not have had the word "surprise" but the story and the graph at the linked story used "surprise" a lot. 

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