WASHINGTON (dpa-AFX) - Enterprise Products Partners L.P.'s (EPD) first-quarter 2013 net income attributable to limited partners rose to $753.5 million, or $0.83 per unit, from $651.3 million, or $0.73 per unit, a year ago. On average, 17 analysts polled by Thomson Reuters expected earnings per share of $0.65 for the quarter. Analysts' estimates typically exclude one-time items.
The company said the latest quarter's profit included $64 million, or $0.07 per unit on a fully diluted basis, of gains chiefly from the sale of assets and was reduced by $11 million, or $0.01 per unit on a fully diluted basis, of non-cash asset impairment charges. Last year's net profit included an income tax benefit of $47 million, or $0.05 per unit on a fully diluted basis, associated with the conversion of certain units to limited liability companies and gains of $53 million, or $0.06 per unit on a fully diluted basis, from the sale of common units of Energy Transfer Equity, L.P., the company said in a statement.
Revenues for the period totaled $11.38 billion, up from the previous year's $11.25 billion. Analysts estimated revenues of $11.61 billion for the quarter.
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