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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 13.8B | 2.2% |
| Gross Profit | 3.27B | 2.6% |
| Cost of Revenue | 10.5B | 2% |
| Operating expense | 12.1B | 2.3% |
| Net Income | 1.42B | 0.9% |
| EBITDA | 1.52B | 1.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 75.1B | 2% |
| Total Liabilities | 48B | 2.6% |
| Shares Outstanding | 2.19B | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.07B | 31.6% |
| Cash from investing | -1.15B | 7.3% |
| Cash from financing | 319M | 213.5% |
EPS
Financial Highlights for Enterprise Products in Q3 '24
Enterprise Products reported a revenue of 13.8B, which is a 2.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.27B, marking a 2.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 10.5B, a 2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 12.1B, showing a 2.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.42B, showing a 0.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.52B, showing a 1.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Enterprise Products with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
