Midcoast Energy Partners LP

Latest Midcoast Energy Partners LP News and Updates

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    Miscellaneous

    Enbridge Acquires Midcoast Energy Partners: Key Highlights

    On January 27, 2017, Midcoast Energy Partners (MEP) announced an agreement with Enbridge Energy (EECI), an indirect wholly-owned subsidiary of Enbridge (ENB).

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Commodity Prices Impact Midcoast Energy’s Operations

    Midcoast Energy Partners’ (MEP) natural gas throughput volumes fell in 2Q15 compared to 1Q15 and 2Q14. The decrease was primarily due to the low commodity price environment for natural gas and NGLs.

    By Rekha Khandelwal, CFA
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    Macroeconomic Analysis

    Rose Rock Midstream: Top Midstream MLP Loser on August 25

    Rose Rock Midstream (RRMS) was the top loser among midstream MLPs at the end of trading on Tuesday, August 25. It fell 4.71% in a single trading session.

    By Kurt Gallon
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    Earnings Report

    Which Segment Will Drive Williams Partners’ 1Q17 Performance?

    Williams Companies (WMB) operates as a GP (general partner) of Williams Partners (WPZ) with very few business assets.…

    By Kurt Gallon
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    Company & Industry Overviews

    EEP by Segment: Charting the Top Performers

    EEP’s Liquids segment Enbridge Energy Partners (EEP) carries out its operations through two reportable segments: Liquids and Natural Gas. EEP’s Liquids segments adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for 4Q16 rose 10% over 4Q15. This EBITDA growth was mainly driven by an increase in EEP’s Lakehead system deliveries attributable to new projects […]

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Enbridge Energy Partners Inside Out: Segments and Assets

    Headquartered in Texas, Enbridge Energy Partners (EEP) owns and operates a crude oil and natural gas transportation business in the United States.

    By Rekha Khandelwal, CFA
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    Earnings Report

    EEP’s Segments in 4Q16: Which Contributed the Most to Earnings Growth?

    EEP’s Liquids segment contributed ~98% to the company’s total EBITDA in 3Q16.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    How Enbridge Energy Partners’ Segments Are Performing

    Enbridge Energy Partners (EEP) carries out its operations through two reportable segments: Liquids and Natural Gas.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    MEP Trades at a Higher Forward Yield Than Its Peers

    Midcoast Energy Partners’s (MEP) forward distribution yield at 11.7% is higher compared to its peer average of 6.4%.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Are Midcoast Energy Partners’s Distributions Sustainable?

    Midcoast Energy Partners’s distributions have remained flat at ~$0.36 for the last three quarters. The company currently trades at a yield near 16%.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    What Lies Ahead for Midcoast Energy Partners?

    Midcoast Energy Partners’s (MEP) performance in the last few quarters has been significantly impacted by the low commodity price environment. MEP was formed by Enbridge Energy Partners (EEP) for the expansion of its natural gas and NGL midstream business.

    By Rekha Khandelwal, CFA
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    Earnings Report

    Enbridge Energy: What Are Its Plans for Its Natural Gas Business?

    Enbridge Energy Partners (EEP) reported its 1Q16 results on May 2, 2016.

    By Rekha Khandelwal, CFA
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    Earnings Report

    Why Are Enbridge Energy Partners’ 3Q15 Revenue Estimates Low?

    Enbridge Energy Partners’ natural gas assets are primarily located in Texas and Oklahoma, and are owned by Midcoast Energy Partners (MEP).

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    More than Half of Analysts Surveyed Rate Midcoast Energy a ‘Hold’

    Of the analysts surveyed by Bloomberg, 22% rate Midcoast Energy Partners (MEP) a “buy,” and 56% rate it a “hold.” About 22% rate it a “sell.” Its consensus target price is $13.40.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Midcoast Energy’s Distributable Cash Flows Are Growing

    Midcoast Energy Partners’ (MEP) distributable cash flows increased in 2Q15 compared to 1Q15 and 2Q14. Its distributable cash flows have shown a rising trend since listing.

    By Rekha Khandelwal, CFA
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    Company & Industry Overviews

    Midcoast Energy’s Year-to-Date Returns Exceed Industry Average

    Midcoast Energy Partners’ (MEP) year-to-date total returns are -12.2%. It gathers, processes, transports, and markets natural gas and NGLs (natural gas liquids).

    By Rekha Khandelwal, CFA
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