Despite Pandemic, Enterprise Products Boosts Quarterly Earnings, Moves Ahead with Projects
SUGAR LAND--October 29, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) seemed to have a good third quarter. While not a huge lift, the company boosted its third-quarter 2020 net income to $1.08 billion from $1.05 billion in third-quarter 2019. Although Enterprise has faced impacts from COVID-19 on some of its projects, it has cancelled only one major planned project due to market conditions and is progressing with projects in its pipelines, fractionation and petrochemical sectors.
