Q: Hello, can you comment on their latest earnings? Thanks
5i Research Answer:
EPS of $0.39 missed estimates of $0.429 and sales of $1.98B beat estimates of $1.95B. Adjusted EBITDA of $301M, down slightly from the prior year, but it generated strong distributable cash flow (DCF) of $206M for the quarter, and its quarterly realized margin grew in two out of three segments. Its major projects remain on track and overall this was a solid quarter, and the stock is up nicely amid a rise in energy stocks and a healthy cash flow generating quarter for the company.