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Last $35.73 USD
Change Today -0.52 / -1.43%
Volume 1.2M
EEP On Other Exchanges
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As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

enbridge energy partners lp (EEP) Key Developments

Enbridge Energy Partners, L.P. Presents at 2nd Annual Capital Link Master Limited Partnership Investing Forum 2015, Mar-05-2015 09:25 AM

Enbridge Energy Partners, L.P. Presents at 2nd Annual Capital Link Master Limited Partnership Investing Forum 2015, Mar-05-2015 09:25 AM. Venue: Metropolitan Club, One East 60th Street, NY 10022-1054, New York, United States. Speakers: Mark Andrew Maki, Principal Executive Officer of Enbridge Energy Company Inc, President of Enbridge Energy Company Inc, President of Enbridge Management and Director of Enbridge Energy Company Inc.

Enbridge Energy Partners, L.P. Reports Unaudited Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Enbridge Energy Partners, L.P. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, operating revenue was $2,071.7 million against $1,962.0 million a year ago. Operating income was $450.7 million compared to $105.4 million a year ago. Income before income tax expense was $357.8 million compared to $44.3 million a year ago. Net income allocable to common units and i-units was $168.9 million or $0.51 per basic and diluted limited partner unit compared to net loss allocable to limited partners of $48.9 million or $0.15 per basic and diluted limited partner unit a year ago. Adjusted operating income was $307.8 million against $188.0 million a year ago. Adjusted net income allocable to common units and i-units was $88.9 million or $0.27 per limited partner unit compared to $39.2 million or $0.12 per limited partner unit a year ago. Adjusted EBITDA was $443.3 million against $303.3 million a year ago. Net cash provided by operating activities was $325.1 million compared to $269.9 million a year ago. Net income was $214.1 million or $0.51 per unit compared to net loss of $16.8 million or $0.15 per unit a year ago. Adjusted net income was $132.5 million or $0.27 per unit compared to $73.1 million or $0.12 per unit a year ago. Higher earnings were primarily attributable to higher transportation rates, higher deliveries and contributions from pipeline expansion projects entering service in the company's liquids pipeline segment. For the year, the company reported operating revenue of $7,964.7 million compared to $7,117.1 million a year ago. Operating income was $1,086.7 million compared to $440.4 million a year ago. Income before income tax expense was $749.6 million compared to $179.1 million a year ago. Net income allocable to limited partners was $218.4 million or $0.67 per basic and diluted limited partner unit compared to net loss allocable to limited partners of $122.7 million or $0.39 per basic and diluted limited partner unit a year ago. Adjusted operating income was $1,016.7 million against $714.3 million a year ago. Adjusted net income allocable to common units and i-units was $305.1 million or $0.93 per limited partner unit compared to $171.1 million or $0.54 per limited partner unit a year ago. Adjusted EBITDA was $1,551.0 million against $1,143.4 million a year ago. Net cash provided by operating activities was $816.8 million compared to $1,212.4 million a year ago. Net income was $371.8 million or $0.51 per unit compared to $4.7 million or $0.39 loss per unit a year ago. Adjusted net income was $460.3 million or $0.93 per unit compared to $304.5 million or $0.54 per unit a year ago. For the quarter, the company reported total liquids systems volumes of 2,771,000 against 2,313,000 barrels per day. Total natural gas throughput was 2,211,000,000 against 2,222,000 MMBtu per day. Total System Production was 86,136 Barrels per day against 84,288 Barrels per day for the same period a year ago. For the year, the company reported total liquids systems volumes of 2,631,000 against 2,188,000 barrels per day. Total natural gas throughput was 2,150,000 against 2,419,000 MMBtu per day. Total System Production was 83,675 Barrels per day against 88,236 Barrels per day for the same period a year ago. For 2015, the company expects adjusted EBITDA To increase approximately 12%, to between $1.68 billion and $1.78 billion, and expects distributable cash flow for 2015 to increase approximately 15%, to be between $900 million to $960 million.

Enbridge Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on February 13, 2015

Enbridge Energy Partners, L.P. announced that it has declared a quarterly cash distribution of $0.57 per unit, or $2.28 per unit on an annualized basis on all of its outstanding units, for the quarter ended December 31, 2014. The approved distribution represents an increase of 2.7% over the previous quarter's cash distribution and 4.9% over the fourth quarter of 2013. The distribution is payable on February 13, 2015, to unit holders of record at the close of business on February 6, 2015.

Enbridge Energy Partners, L.P. Presents at U.S. Capital Advisors Midstream Corporate Access Day, Jan-27-2015

Enbridge Energy Partners, L.P. Presents at U.S. Capital Advisors Midstream Corporate Access Day, Jan-27-2015 . Venue: 1330 Post Oak Blvd., Suite 900, Houston, Texas, United States.

Enbridge Energy Partners, L.P., Q4 2014 Earnings Call, Feb 19, 2015

Enbridge Energy Partners, L.P., Q4 2014 Earnings Call, Feb 19, 2015

 

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