Company Earnings to Review Following Releases to Public

Enterprises Products Partners L.P (NYSE:EPD) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Enterprises Products Partners L.P rose to $726 million (82 cents per share) vs. $289 million (33 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Revenue rose 20.9% to $11.59 billion from the year earlier quarter. EPD beat the mean analyst estimate of 56 cents per share. It beat the average revenue estimate of $10.62 billion.

“Enterprise had another record year in 2011,” stated Michael A. Creel, president and CEO of Enterprise. We benefited from production growth in the Rocky Mountains, Haynesville and Eagle Ford shale plays, and from increased demand for NGLs by the U.S. petrochemical industry and international customers. Our integrated system handled record or near record volumes of liquids and natural gas, leading to another year of record financial performance.”

Competitors to Watch: Duncan Energy Partners L.P. (NYSE:DEP), Enterprise GP Hldgs. L.P. (EPE), Kinder Morgan Inc (NYSE:KMI), Kinder Morgan Energy Partners LP (NYSE:KMP), El Paso Corporation (NYSE:EP), Copano Energy, L.L.C. (NASDAQ:CPNO), Southern Union Company (NYSE:SUG), Energy Transfer Partners, L.P. (NYSE:ETP), Blue Dolphin Energy Co. (NASDAQ:BDCO), and DCP Midstream Partners, LP (NYSE:DPM).

Marathon Oil Corporation (NYSE:MRO) posted a decrease in profit as revenue declined. Net income for Marathon Oil Corporation fell to $549 million (78 cents per share) vs. $706 million (99 cents per share) a year earlier. This is a decline of 22.2% from the year earlier quarter. Revenue fell 80.5% to $3.81 billion from the year earlier quarter. MRO fell short of the mean analyst estimate of 85 cents per share. It beat the average revenue estimate of $2.91 billion.

“2011 was truly a landmark year for Marathon Oil. We completed the spin-off of our downstream business into an independent company and closed a major acquisition giving us a top-five acreage position in the core of the Eagle Ford Shale, the premier U.S. liquids resource play. With our highest level of rig activity in many years, Upstream production available for sale increased seven percent year over year, excluding Libya,” said Clarence P. Cazalot Jr., Marathon Oil`s chairman, president and CEO.

Competitors to Watch: Chevron Corporation (NYSE:CVX), ConocoPhillips (NYSE:COP), Hess Corp. (NYSE:HES), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), TOTAL S.A. (NYSE:TOT), Statoil ASA (NYSE:STO) and Murphy Oil Corporation (NYSE:MUR).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com