EPD, before market opens. Net income up 16%; earnings increased 14%. At Wall Street Cheat Sheet: EPD delivered a profit and beat Wall Street’s expectations, BUT came up
short on beating the revenue expectation. The revenue miss is a negative
sign to shareholders seeking high growth out of the company.
SM Energy, beats by $0.24, beats on revs: Reports Q1 (Mar) earnings of $0.82 per share, excluding non-recurring items, $0.24 better than
the Capital IQ Consensus Estimate of $0.58; revenues rose 28.3%
year/year to $484.2 mln vs the $461.3 mln consensus. Q1 production was
10.35 MMBOE with average daily production of 115.0 MBOE/d. Co
sees Q2 production of 10.5-11.0 MMBOE, with average daily production of
$115-121 MBOE/d. Co sees FY13 production of $42.8-44.5 MMBOE with
average daily production of 117-122 MBOE/d.
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