Enterprise Products Partners Produces Yet Another Consistent Earnings Result in the Second Quarter

Image source: Enterprise Products Partners.

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You certainly can't fault Enterprise Products Partners (NYSE: EPD) for being inconsistent. This past quarter, the company kept its streak of distribution raises alive while retaining excess cash to reinvest in the business. What is even more surprising about this streak is that the company's results have barely missed a beat during the current commodity downturn. Let's take a look at Enterprise's most recent results and see how the company has held its serve throughout this long downturn in the oil and gas market.

Enterprise Products Partners results: The raw numbers

Results* Q2 2016 Q1 2016 Q2 2015
Gross operating margin $1,254 $1,353 $1,312
Net income $570 $694 $557
Earnings per share $0.27 $0.34 $0.28
Distributable cash flow $1,040 $1,089 $988

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