Midcoast Energy Partners (MEP) Misses Q3 EPS by 28c; Boosts FY16 Outlook

October 31, 2016 7:23 AM EDT
Get Alerts MEP Hot Sheet
Trade MEP Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Midcoast Energy Partners (NYSE: MEP) reported Q3 EPS of ($0.45), $0.28 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $486 million versus the consensus estimate of $493.88 million.

Raising full-year 2016 financial guidance ranges:

  • Adjusted EBITDA $75 - $85 million
  • Distributable cash flow $48 - $55 million

For earnings history and earnings-related data on Midcoast Energy Partners (MEP) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance

Related Entities


Add Your Comment