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Last $27.04 USD
Change Today -0.13 / -0.48%
Volume 1.2M
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

enbridge energy partners lp (EEP) Snapshot

Open
$27.33
Previous Close
$27.17
Day High
$27.68
Day Low
$26.34
52 Week High
12/4/14 - $41.68
52 Week Low
08/24/15 - $24.21
Market Cap
9.2B
Average Volume 10 Days
1.0M
EPS TTM
$0.81
Shares Outstanding
262.2M
EX-Date
08/5/15
P/E TM
33.2x
Dividend
$2.33
Dividend Yield
8.43%
Current Stock Chart for ENBRIDGE ENERGY PARTNERS LP (EEP)

enbridge energy partners lp (EEP) Related Businessweek News

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enbridge energy partners lp (EEP) Details

Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas gathering, treating, processing, transportation, and marketing assets in the United States. It operates through two segments, Liquids and Natural Gas. The Liquids segment operates Lakehead system that consists of interstate common carrier crude oil and liquid petroleum pipelines and storage assets, which serves Great Lakes and the Midwest regions of the United States, and the province of Ontario, Canada; and the North Dakota crude oil system. Its Mid-Continent system consists of approximately 1,666 miles of crude oil pipelines and approximately 21.4 million barrels of storage capacity, which serve refineries in the United States Mid-Continent region. This segment serves integrated oil companies, independent oil producers, and refiners and marketers. The Natural Gas segment owns and operates natural gas and natural gas liquids (NGL) gathering and transportation pipeline systems; natural gas processing and treating facilities; and NGL fractionation facilities, as well as provides trucking, rail, and liquids marketing services. This segment also offers supply, transmission, storage, and sales services to producers and wholesale customers, as well as other interconnected pipeline systems. It primarily serves wholesale customers, such as refiners and petrochemical producers, fractionators, and propane distributors, as well as industrial, utility, and power plant customers. Enbridge Energy Company, Inc. operates as a general partner of the company. The company was formerly known as Lakehead Pipe Line Partners, L.P. and changed its name to Enbridge Energy Partners, L.P. in 2001. Enbridge Energy Partners, L.P. was founded in 1991 and is headquartered in Houston, Texas.

Founded in 1991

enbridge energy partners lp (EEP) Top Compensated Officers

Principal Executive Officer of Enbridge Energ...
Total Annual Compensation: $361.5K
Vice President of Finance of Enbridge Energy ...
Total Annual Compensation: $260.7K
Executive Vice President of Liquids Pipelines...
Total Annual Compensation: $463.9K
Executive Vice President of Enbridge Energy C...
Total Annual Compensation: $411.6K
Vice President of US Operations - Liquids Pip...
Total Annual Compensation: $266.6K
Compensation as of Fiscal Year 2014.

enbridge energy partners lp (EEP) Key Developments

Enbridge Energy Declares Cash Distribution, Payable on August 14, 2015

Enbridge Energy declared a cash distribution of $0.583 per unit, a 2.3% increase over the previous quarter, to be paid on August 14, 2015 to unitholders of on August 7, 2015.

Enbridge Energy Partners, L.P. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Charges for the Second Quarter Ended June 30, 2015

Enbridge Energy Partners, L.P. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of $1,313.1 million against $1,871.1 million a year ago. Operating loss was $9.6 million against operating income of $180.9 million a year ago. Loss before income tax benefit was $64.3 million against income before income tax expense of $114.5 million a year ago. Net loss allocable to common units and i-units was $149.4 million or $0.44 basic and diluted per common unit and i-unit against net income allocable to common units and i-units of $5.0 million or $0.02 basic and diluted per common unit and i-unit a year ago. Adjusted operating income was $269.7 million against $236.0 million a year ago. Adjusted net income was $120.5 million against $107.1 million a year ago. Adjusted net income per unit was $0.18 against $0.21 a year ago. Adjusted EBITDA was $422.4 million against $362.3 million a year ago. For the six months, the company reported operating revenues of $2,741.7 million against $3,950.7 million a year ago. Operating income was $230.0 million against $395.6 million a year ago. Income before income tax expense was $155.9 million against $272.2 million a year ago. Net loss allocable to common units and i-units was $63.5 million or $0.18 basic and diluted per common unit and i-unit against net income allocable to common units and i-units of $63.9 million or $0.19 basic and diluted per common unit and i-unit a year ago. Net cash provided by operating activities was $646.9 million against $359.6 million a year ago. Additions to property, plant and equipment were $994.9 million against $1,309.0 million a year ago. Adjusted net income per unit was $0.46 against $0.41 a year ago. Adjusted EBITDA was $854.6 million against $701.0 million a year ago. Adjusted net income was $263.3 million compared to $210.0 million a year ago. Adjusted operating income was $545.2 million against $448.3 million a year ago. For the quarter, the company reported total liquids systems volumes of 2,794,000 barrels per day against 2,578,000 barrels per day a year ago. Total natural gas throughput was 2,036,000 MMBtu per day against 2,148,000 MMBtu per day a year ago. Total system production was 81,056 barrels per day against 83,480 barrels per day a year ago. For the six months, the company reported total liquids systems volumes of 2,832,000 barrels per day against 2,519,000 barrels per day a year ago. Total natural gas throughput was 2,080,000 MMBtu per day against 2,108,000 MMBtu per day a year ago. Total system production was 81,051 barrels per day against 82,196 barrels per day a year ago. For the quarter, the company reported goodwill impairment of $246.7 million. Asset impairment was $12.3 million.

Enbridge Energy Partners, L.P. to Report Q2, 2015 Results on Jul 30, 2015

Enbridge Energy Partners, L.P. announced that they will report Q2, 2015 results on Jul 30, 2015

 

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Industry Analysis

EEP

Industry Average

Valuation EEP Industry Range
Price/Earnings 99.4x
Price/Sales 1.4x
Price/Book 2.4x
Price/Cash Flow 10.5x
TEV/Sales NM Not Meaningful
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