Last $38.49 USD
Change Today -0.43 / -1.10%
Volume 4.0M
EEP On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

enbridge energy partners lp (EEP) Snapshot

Open
$38.92
Previous Close
$38.92
Day High
$39.09
Day Low
$38.04
52 Week High
12/4/14 - $41.68
52 Week Low
04/4/14 - $26.00
Market Cap
12.6B
Average Volume 10 Days
1.7M
EPS TTM
$0.44
Shares Outstanding
254.2M
EX-Date
11/5/14
P/E TM
87.5x
Dividend
$2.22
Dividend Yield
5.71%
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 Declares Cash Distribution, Payable on November 14, 2014

Enbridge Energy declared a cash distribution of $0.55 per unit, consistent with the previous quarter's payout, payable on November 14, 2014 to unitholders of record as of the close of business on November 7, 2014.

Enbridge Energy Partners, L.P. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Capex Guidance for 2014

Enbridge Energy Partners, L.P. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's operating revenue was $1,942.3 million against $1,789.4 million a year ago. Operating income was $240.4 million against $123.6 million a year ago. Income before income tax expense was $119.6 million against $62.8 million a year ago. Net income was $117.5 million against $61.3 million a year ago. Net loss allocable to limited partners was $14.5 against $17.6 million a year ago. Net loss per basic and diluted limited partner unit was $0.04 against $0.05 a year ago. Adjusted operating income was $262.7 against $165.2 million a year ago. Adjusted net income allocable to limited partners was $80.9 against $27.5 million a year ago. Adjusted net income per limited partner unit was $0.25 against $0.09 a year ago. Adjusted EBITDA was $406.7 million compared to $274.5 million a year ago. Net cash provided by operating activities was $132.1 million compared to $465.0 million a year ago. Adjusted net income of $117.8 million for the third quarter of 2014 was $56.8 million higher than the same period from the prior year. Increased earnings were attributable to higher transportation rates, increased deliveries and associated revenues from liquid segment among, which were partially offset by lower gross margin in natural gas segment. Operating income benefited from lower operating and administrative expenses of $23.2 million over the prior year, primarily due to the higher pipeline integrity costs related to the Line 14 hydrostatic test, which completed last year. For the nine months, the company's operating revenue was $5,983 million against $5,155.1 million a year ago. Operating income was $636 million against $335 million a year ago. Income before income tax expense was $391.8 million against $134.8 million a year ago. Net income was $385.7 million against $117.3 million a year ago. Net income allocable to limited partners was $49.5 against net loss allocable to limited partners of $73.8 million a year ago. Net income per basic and diluted limited partner unit was $0.15 against net loss per basic and diluted limited partner unit of $0.23 a year ago. Adjusted operating income was $708.9 against $526.3 million a year ago. Adjusted net income allocable to limited partners was $216.2 against $131.9 million a year ago. Adjusted net income per limited partner unit was $0.66 against $0.43 a year ago. Adjusted EBITDA was $1,107.7 million compared to $840.1 million a year ago. Net cash provided by operating activities was $491.7 million compared to $942.5 million a year ago. Adjusted net income was $327.8 million compared to $231.4 million a year ago. Additions to property, plant and equipment was $2,055.8 million against $1,514.5 million a year ago. Capital expenditures (excluding acquisitions) were $2,022.9 million against $1,733.0 million a year ago. For the fourth quarter of 2014, the company continue to expect a ramp in adjusted EBITDA, predominantly due to successful project completion. For 2014, the company expects capital expenditure to be $1.6 billion and is inclusive of approximately $100 million maintenance capital expenditures.

Enbridge Energy Partners, L.P., Q3 2014 Earnings Call, Nov 03, 2014

Enbridge Energy Partners, L.P., Q3 2014 Earnings Call, Nov 03, 2014

 

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EEP

Industry Average

Valuation EEP Industry Range
Price/Earnings 100.0x
Price/Sales 1.6x
Price/Book 3.4x
Price/Cash Flow 18.4x
TEV/Sales 0.1x
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