Enterprise Products Partners LP booked $653.7 million, or 30 cents per unit, in second-quarter net income attributable to limited partners, an increase from $558.5 million, or 27 cents per unit, in the corresponding quarter last year.
The S&P Capital IQ consensus normalized EPS estimate for the second quarter was 33 cents.
Second-quarter adjusted EBITDA showed a slight increase to $1.34 billion, compared to $1.32 billion in the year-ago quarter. The partnership's distributable cash flow, or DCF, was largely flat at $1.05 billion, compared $1.04 billion a year ago.
DCF for the second quarter provided 1.2x distribution coverage, resulting in retained DCF of $145 million. Capital investments amounted to $869 million in the current period.
"Our second quarter reflected the strength of our business diversification," said Jim Teague, CEO of Enterprise's general partner. "The partnership's businesses at its Mont Belvieu complex, processing plants and pipelines handling Permian, Rockies and Marcellus production generated strong growth in the second quarter of 2017 compared to the same quarter last year."