Last $38.98 USD
Change Today -0.57 / -1.45%
Volume 591.3K
EEP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 3:51 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

enbridge energy partners lp (EEP) Snapshot

Open
$39.38
Previous Close
$39.55
Day High
$39.46
Day Low
$38.79
52 Week High
09/19/14 - $40.10
52 Week Low
04/4/14 - $26.00
Market Cap
12.7B
Average Volume 10 Days
1.3M
EPS TTM
$0.33
Shares Outstanding
254.2M
EX-Date
08/5/14
P/E TM
118.1x
Dividend
$2.22
Dividend Yield
5.60%
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 three segments: Liquids, Natural Gas, and Marketing. The Liquids segment operates Lakehead system that consists of a range 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 system comprises approximately 155 miles of crude oil gathering lines. Its Mid-Continent system consists of approximately 435 miles of crude oil pipelines and approximately 20.9 million barrels of storage capacity, which serve refineries in the United States Mid-Continent region. This segment serves integrated oil companies, independent oil producers, 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 and liquids marketing services. It has approximately 8 active and 4 standby natural gas treating plants, and 21 active and 4 standby natural gas processing plants. This segment primarily serves wholesale customers, such as distributors, refiners, fractionators, utilities, chemical facilities, and power plants. The Marketing segment offers supply, transmission, balancing, storage, and sales services to producers and wholesale customers, as well as other interconnected pipeline systems. Enbridge Energy Company, Inc. serves as the 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: $383.3K
Senior Vice President of Enbridge Energy Comp...
Total Annual Compensation: $380.4K
Vice President of Finance of Enbridge Energy ...
Total Annual Compensation: $257.8K
Executive Vice President of Enbridge Energy C...
Total Annual Compensation: $411.6K
Senior Vice President of Enbridge Energy Comp...
Total Annual Compensation: $303.6K
Compensation as of Fiscal Year 2013.

enbridge energy partners lp (EEP) Key Developments

Enbridge Energy Partners, L.P. Presents at Barclays CEO Energy-Power Conference, Sep-03-2014 04:25 PM

Enbridge Energy Partners, L.P. Presents at Barclays CEO Energy-Power Conference, Sep-03-2014 04:25 PM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, 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. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014

Enbridge Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Enbridge Energy Partners, L.P. Announces Unaudited Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014; Reaffirms Earnings Guidance for the Year 2014

Enbridge Energy Partners, L.P. announced unaudited earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenue of $1,871.1 million against $1,672.7 million a year ago. Second quarter 2014 operating revenues were impacted by $19 million decrease as a result of regulatory accounting true-ups related to Lakehead toll revenues. This decrease was largely attributable to an over collection of revenues related to the system to expansion system expansion to surcharge, which expired at the beginning of April. Operating income was $180.9 million against $209.0 million a year ago. Income before income tax expense was $114.5 million against $137.9 million a year ago. Net income allocable to limited partners was $5.0 million against $56.7 million a year ago. Basic and diluted net income per limited partner unit was $0.02 against $0.18 a year ago. Adjusted operating income was $237.1 million against $180.4 million a year ago. Adjusted net income allocable to limited partners was $67.0 million against $41.8 million a year ago. Adjusted net income per limited partner unit was $0.12 against $0.13 a year ago. Adjusted EBITDA was $362.3 million against $284.6 million a year ago. Adjusted net income of $107.1 million was $32.4 million higher than the same period in 2013. Higher earnings were attributable to higher transportation rates, increase deliveries and associated revenues from liquid segment, partially offset by lower gross margin in natural gas segment due to lower natural gas volumes and NGL production on natural gas systems. The main items eliminated from these adjusted results include unrealized noncash mark-to-market net gains and losses and other items noted in supplemental slides. Adjusted earnings per unit for the second quarter increased to $0.21 compared to $0.13 for the same period of 2013 due to higher adjusted earnings attributable to limited partner interest. For the six months, the company reported operating revenue of $3,950.7 million against $3,365.7 million a year ago. Operating income was $395.6 million against $211.4 million a year ago. Income before income tax expense was $272.2 million against $72.0 million a year ago. Net income allocable to limited partners was $63.9 million against net loss allocable to limited partners of $56.2 million a year ago. Basic and diluted net income per limited partner unit was $0.19 against LPS of $0.18 a year ago. Adjusted operating income was $451.5 million against $361.1 million a year ago. Adjusted net income allocable to limited partners was $135.3 million against $104.4 million a year ago. Adjusted net income per limited partner unit was $0.41 against $0.34 a year ago. Adjusted EBITDA was $701.0 million against $565.6 million a year ago. Adjusted net income was $210.0 million compared to $170.4 million a year ago. For the quarter, the company reported total liquids systems volumes of 2,578,000 against 2,004,000 barrels per day. Total natural gas throughput was 2,155,000 against 2,527,000 MMBtu per day. For the six months, the company reported total liquids systems volumes of 2,519,000 against 2,094,000 barrels per day. Total natural gas throughput was 2,111,000 against 2,537,000 MMBtu per day. In February, the company provided full year 2014 adjusted EBITDA guidance of $1.5 billion to $1.6 billion. The company remain confident in achieving guidance for 2014. Looking forward to the second half of 2014, the company expects a ramp in adjusted EBITDA as compared to the first half of 2014, which is the result of projects placed into service, as well as continued increase in volumes. The company provides 2014 capital expenditure forecast, which is estimated to be $1.7 billion, and is inclusive of approximately $110 million of maintenance capital expenditures.

 

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EEP

Industry Average

Valuation EEP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 3.3x
Price/Cash Flow 19.8x
TEV/Sales 0.3x
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