Updated from 9:38 AM EDT.

NEW YORK (TheStreet) -- Shares of Enterprise Products (EPD) - Get Report were declining late Thursday morning as the company posted in-line earnings, but soft revenue for the 2016 third quarter.

Before today's market open, the Houston-based company reported earnings of 30 cents per diluted share, which met Wall Street's forecasts. Revenue came in at $5.92 billion, while analysts were looking for $5.95 billion.

The company provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals and refined products.

"While the industry may still experience bouts of commodity price weakness and volatility, we believe it has a firmer foundation going into 2017 as the gap between supply and demand has narrowed and should continue to do so," Jim Teague, CEO of Enterprise's general partner, said in a statement.

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Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its increase in net income and reasonable valuation levels.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: EPD

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