Enterprise Products Partners L.P. (NYSE:EPD) reported weaker third-quarter earnings as lower commodity prices and softer margins weighed on results, even as strong pipeline volumes and a major buyback expansion underscored the company's confidence in long-term demand.
The U.S. pipeline operator posted earnings of 61 cents per share, below analysts’ expectations of 68 cents. That compares with 65 cents per share a year earlier.
