Midcoast Energy Partners LP
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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.…
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 […]
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.
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.
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).
How Enbridge Energy Partners’ Segments Are Performing
Enbridge Energy Partners (EEP) carries out its operations through two reportable segments: Liquids and Natural Gas.
A Closer Look at Enbridge Energy Partners’ Business and Assets
Headquartered in Texas, Enbridge Energy Partners (EEP) owns and operates a crude oil and natural gas transportation business in the United States.
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%.
How MEP’s Stock Correlates with Commodity Prices
Midcoast Energy Partners’s (MEP) stock had a correlation of 0.42 with the near-month WTI (West Texas Intermediate) crude oil futures price over the last 12-month period.
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%.
Midcoast Energy Partners’s Production Volumes in Focus
So far in 2016, nearly 40% of the gross business margin of Midcoast Energy Partners (MEP) is expected to depend on contracts that have direct exposure to commodity prices.
How Are Midcoast Energy Partners’s Segments Performing?
In 2Q16, the Gathering, Processing, and Transportation segment contributed more than 90% to Midcoast Energy Partners’s (MEP) gross margin.
Midcoast Energy Partners Not in Great Favor with Analysts
Midcoast Energy Partners (MEP) has generated total returns, including dividends, of 8.5% so far in 2016. Analysts’ median target price for MEP for the next year is $8, and all of the analysts surveyed rated MEP a “hold.”
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.
How EEP’s Segments Are Expected to Perform in 2Q16
Enbridge Energy Partners (EEP) carries out its operations through two reportable segments: Liquids and Natural Gas.
ETE and ETP: What Do Analysts Recommend Post-1Q16?
In this article, we’ll look analyst ratings for Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) after the release of their 1Q16 data.
Why Did Williams Partners’ EBITDA Grow in 1Q16?
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), reported their 1Q16 earnings on May 4, 2016.
Enbridge Energy: What Are Its Plans for Its Natural Gas Business?
Enbridge Energy Partners (EEP) reported its 1Q16 results on May 2, 2016.
Which Segment Will Drive Energy Transfer Partners’ 1Q16 Results?
Energy Transfer Partners’ (ETP) Midstream segment mainly provides natural gas gathering and processing services.
MLP Drivers: Why Did Last Week’s Fractionation Spread Fall?
The Henry Hub–Mont Belvieu fractionation spread fell slightly to $11.74 per barrel in the week ending March 18, 2016.
Enbridge Energy Partners Marginally Missed 3Q15 Revenue Estimates
Enbridge Energy Partners’ (EEP) revenues of $1.3 billion in 3Q15 were 0.9% lower than analysts’ consensus estimates. EEP has missed consensus revenue estimates in four out of the last ten quarters.
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).
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.
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.
Midcoast Energy Focuses on Contract Mix to Minimize Risk
About 47% of MEP’s contracts are commodity price sensitive. These are keep-whole contracts, percent-of-proceeds contracts, and percent-of-liquids contract.
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.
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).
Western Refining Logistics: Top Midstream MLP Gainer on August 26
Western Refining Logistics (WNRL) was the top gainer among midstream MLPs at the end of trading on Wednesday, August 26. It rose 4.98%.
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.
Midcoast Energy: Top Midstream MLP Gainer on Tuesday, August 11
Midcoast Energy Partners (MEP) was the top gainer among midstream MLPs at the end of trading on August 11. It rose 6.48% in a single trading session.
Midcoast Energy Partners: Top Midstream Gainer on July 31
Midcoast Energy Partners (MEP) was the top gainer among midstream MLPs at the end of trading on Friday, July 31. The company’s winning streak continued.
