Enbridge Energy Partners (EEP) Misses Q1 EPS by 3c

Enbridge Energy Partners (NYSE: EEP) reported Q1 EPS of $0.15, $0.03 worse than the analyst estimate of $0.18.

• Solid quarter supported by strong Lakehead and North Dakota System volumes
• Line 3 Replacement Project construction well underway in Canada and complete in Wisconsin; Minnesota Public Utilities Commission (MPUC) permit decisions expected in the second quarter of 2018; Administrative Law Judge (ALJ) confirms need for project but recommends alternative route
• Announced quarterly distribution of $0.35 per unit, or $1.40 on an annualized basis, for the quarter ended March 31, 2018

For earnings history and earnings-related data on Enbridge Energy Partners (EEP) click here.

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