Enterprise Products Partners LP
Change company Symbol lookup
Select an option...
EPD Enterprise Products Partners LP
STLB Sterling Business Solutions Inc
CITY Avalon Correctional Services Inc
TEVJF Teva Pharmaceutical Industries Ltd
UMBF UMB Financial Corp
OXM Oxford Industries Inc
ICON Iconix Brand Group Inc
BAC Bank of America Corp
ON ON Semiconductor Corp
EQNR Equinor ASA
Go

Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.

Premarket

Last Trade
Delayed
$19.25
0.57 (3.05%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$18.68
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
16,070

10-day average volume:
9,023,221
16,070

UPDATE: Twitter stock drops after vague comments on April suggest company isn't seeing same stability as Facebook

10:17 am ET April 30, 2020 (MarketWatch)
Print

By Emily Bary

Company saw 27% drop in ad revenue from March 11 to March 31

Twitter Inc. seems to be having a far different April than Facebook Inc., and that's weighing on Twitter shares on Thursday.

After Facebook (FB) indicated Wednesday that it's seen flat year-over-year ad revenue trends in April (http://www.marketwatch.com/story/facebook-earnings-and-user-growth-miss-expectations-but-stock-still-spikes-2020-04-29), Twitter's (TWTR) management team didn't point to the same sort of stability.

Twitter disclosed that ad revenue dropped 27% from March 11 to March 31 as the pandemic worsened, and when asked to comment on April trends, a Twitter executive pointed back to the commentary on the last few weeks of March, saying, "that gives you a good sense for what it's been like for us," according to a FactSet transcript of the company's earnings call.

The commentary helped reverse the premarket movement in Twitter's stock after it initially gained premarket following the earnings release. Shares are now down 6% in morning trading.

Read: Facebook earnings show company is in a better spot than peers during ad slowdown (http://www.marketwatch.com/story/facebook-earnings-show-company-is-in-a-better-spot-than-peers-during-ad-slowdown-2020-04-30)

"Twitter highlighted that the pressure on international revenues has somewhat subsided since late March as specific regions have lifted lockdown or shelter-in-place restrictions," wrote MKM Partners analyst Rohit Kulkarni. However, it seems as if U.S. trends have neither improved nor worsened for Twitter.

The vague comments about April outweighed better-than-expected results for the March quarter.

The company reported a net loss of $8 million, or 1 cent a share, versus net income of $191 million, or 25 cents a share, in the year-earlier period. Twitter's adjusted earnings fell to 11 cents a share from 37 cents a share and came in above the FactSet consensus, which called for 10 cents a share.

Twitter saw revenue rise to $808 million from $787 million in the year-prior quarter, whereas analysts were modeling $783 million. The company's revenue consisted of $468 million from the U.S. and $339 million from international markets.

"Advertising weakness in Asia began to subside as work and travel restrictions were gradually lifted," according to the shareholder letter. Twitter said it wouldn't be providing a revenue or operating-income outlook for the second quarter due to the pandemic.

Monetizable daily active users (mDAUs) at Twitter rose by 14 million on a sequential basis to hit 166 million on average in the first quarter. Analysts were expecting 12 million new mDAUs.

The company attributed the mDAU gains to "typical seasonal strength, ongoing product improvements, and increased engagement due to the COVID-19 pandemic."

Twitter shares have dropped 7.6% over the past three months as the S&P 500 has declined 10.2%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 30, 2020 10:17 ET (14:17 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.