Enterprise Products Partners LP
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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
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Ask
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B/A Size
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Market Hours

Closing Price
$18.68
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
12,371

10-day average volume:
9,023,221
12,371

Spirit AeroSystems' stock surges after swinging to narrower-than-expected loss, beating revenue forecast

8:13 am ET May 6, 2020 (MarketWatch)
Print

Shares of Spirit AeroSystems Holdings Inc. (SPR) surged 4.3% in premarket trading Wednesday after the aircraft components maker swung to a narrower-than-expected loss on revenue that fell less than forecast. The company reported a net loss of $163.0 million, or $1.57 a share, after net income of $163.1 million, or $1.55 a share, in the year-ago period, as the suspension of Boeing Co's (BA) production of the 737 MAX plane led to lower margins as given "abnormal" costs associated with the COVID-19 pandemic. Excluding non-recurring items, the company swung to a per-share loss of 79 cents from a profit of $1.68, but beat the FactSet consensus for a loss of $1.27 a share. Revenue dropped 45% to $1.08 billion, but was above the FactSet consensus of $1.02 billion, as beats by its fuselage systems wing systems businesses offset a miss by its propulsion systems business. Among actions the company has taken preserve liquidity and cut costs amid the COVID-19 pandemic include cutting the dividend, suspending share buybacks, deferring repayments of an advance from Boeing and cutting jobs and work schedules. The company said it will not provide 2020 financial guidance given the continued uncertainties surrounding the 737 MAX grounding and the COVID-19 pandemic. The stock has plunged 73.2% over the past three months through Tuesday, while the S&P 500 has declined 14.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 06, 2020 08:13 ET (12:13 GMT)

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