Midcoast Energy Partners (MEP) Tops Q3 EPS by 9c
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Midcoast Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for Third Quarter 2015
October 29, 2015 4:08 PM EDTHOUSTON, TX -- (Marketwired) -- 10/29/15 -- Midcoast Energy Partners, L.P. (NYSE: MEP)
THIRD QUARTER HIGHLIGHTS
Reported third quarter adjusted EBITDA and distributable cash flow of $28.6 and $18.9 million, respectively; distribution coverage of 1.15x. Solid year-to-date financial performance. Expect to achieve the top-end of previously communicated full year 2015 adjusted EBITDA and distributable cash flow guidance. Announced sixth consecutive quarterly cash distribution increase, representing a 5.9 percent increase compared to the third quarter of... More