Enterprise Products (EPD) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Enterprise Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• NGL Pipelines & Services net - NGL fractionation volumes per day: 1858 millions of barrels of oil per day versus 1925.72 millions of barrels of oil per day estimated by two analysts on average.
• NGL Pipelines & Services net - Fee-based natural gas processing per day: 7448 millions of barrels of oil per day versus 7539.53 millions of barrels of oil per day estimated by two analysts on average.
• NGL Pipelines & Services net - NGL pipeline transportation volumes per day: 4913 millions of barrels of oil per day versus the two-analyst average estimate of 4883.57 millions of barrels of oil per day.
• Natural Gas Pipelines & Services net - Natural gas transportation volumes per day: 21,048.00 BBtu/D versus 20,887.46 BBtu/D estimated by two analysts on average.
• Petrochemical Services net - Butane isomerization volumes per day: 115 millions of barrels of oil per day compared to the 121.81 millions of barrels of oil per day average estimate based on two analysts.
• Petrochemical Services net - Propylene fractionation volumes per day: 134 millions of barrels of oil per day versus 124.37 millions of barrels of oil per day estimated by two analysts on average.
• Petrochemical Services net - Octane enhancement and related plant sales volumes per day: 37 millions of barrels of oil per day versus 30.47 millions of barrels of oil per day estimated by two analysts on average.
• NGL Pipelines & Services net - Equity NGL production per day: 230 millions of barrels of oil per day compared to the 226.81 millions of barrels of oil per day average estimate based on two analysts.
• Gross operating margin- Petrochemical & Refined Products Services- Propylene production and related activities: $154 million versus the two-analyst average estimate of $138.38 million.
• Gross operating margin- NGL Pipelines & Services: $1.55 billion versus the two-analyst average estimate of $1.52 billion.
• Gross operating margin- Crude Oil Pipelines & Services: $485 million versus $389.99 million estimated by two analysts on average.
• Gross operating margin- Natural Gas Pipelines & Services: $556 million versus $462.48 million estimated by two analysts on average.

View all Key Company Metrics for Enterprise Products here>>>

Shares of Enterprise Products have returned +2% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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