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

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.

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