Despite Record $5.3 Billion in Q4 Revenue, Enterprise Aims Higher for 2008

Gas Processors Report,  January, 2008  by Nieto, Frank

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Enterprise Products Partners LP reported record results for Q4 2007 with $5.3 billion in revenue, up from $3.4 billion in the same quarter last year. The company also posted a record $431 million in gross operating margin, up 27% from the Q4 2006 posting of $340 million.

While the company's Q4 2007 net income rose to $161.9 million, or $0.30 per unit, from $132.8 million, or $0.25 per unit, its yearly net income fell to $533.7 million, or $0.96 per unit, from $601.2 million, or $1.22 per unit. Company officials cited this decrease due to a higher interest expense associated with debt issued ...

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