Enbridge Energy Partners, L.P. Reports Earnings for 2015 and Announces 2016 Financial Guidance

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Credit Suisse Downgrades Midcoast Energy Partners, L.P. (MEP) to Underperform

February 18, 2016 6:25 AM EST

Credit Suisse downgraded Midcoast Energy Partners, L.P. (NYSE: MEP) from Outperform to Underperform with a price target of $5.00 (from $16.00).

Analyst John Edwards commented, "MEP has been full of surprises since its 2013 IPO, and with units down 21% yesterday the market was clearly not expecting 2016 guidance... More

Enbridge Energy Partners (EEP) Misses Q4 EPS by 11c

February 17, 2016 9:11 AM EST

Enbridge Energy Partners (NYSE: EEP) reported Q4 EPS of $0.11, $0.11 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.41 billion.

2016 Guidance: The Partnership expects 2016 total liquids pipeline deliveries to increase 10 to 15... More

UBS Cuts Price Target on Enbridge Energy Partners (EEP) Following 4Q - Reiterates Buy

February 17, 2016 9:09 AM EST

UBS maintained a Buy rating on Enbridge Energy Partners (NYSE: EEP), and cut the price target to $22.00 (from $25.00), following the company's 4Q. EEP realized Adjusted EBITDA of $450.7MM roughly 1% below the Consensus of $456MM. The miss was driven by lower than expected operating income in the liquids... More