El Paso Pipeline Q3 EPS Beats Street, Sales Short; Ups Distribution by 18%; Shares Flat Late


Shutterstock photo

El Paso Pipeline Partners, L.P. ( EPB ) today reported Q3 earnings of $0.55 per share, better than the Capital IQ consensus of $0.50. Revenues were $368 mln, missing the analyst estimate of $388.26 mln.

In the same period last year, the company reported EPS of $0.46 on revenues of $339 mln.

The partnership also increased its quarterly cash distribution per common unit by 18% to $0.58, or $2.32 annualized, payable on Nov. 14, 2012, to unitholders of record as of Oct. 31, 2012.

Shares are flat at $37.26, with a 52-week range of $30.64 - $38.10.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com