Midcoast Energy Partners, L.P. Declares Distribution and Reports Earnings for Second Quarter 2016

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Go back to Midcoast Energy Partners, L.P. Declares Distribution and Reports Earnings for Second Quarter 2016

UBS Reiterates Buy on Enbridge Energy Partners (EEP) Following 2Q - PT to $26

July 29, 2016 9:43 AM EDT

UBS reiterated a Buy rating on Enbridge Energy Partners (NYSE: EEP), and raised the price target to $26.00 (from $24.00), following the company's 2Q earnings report. EEP reported adjusted EBITDA of $489MM roughly 9% above estimates of $449MM. UBS increased 2016/17/18 adjusted EBITDA estimates to $1.91/$2.04/$2.27B from $1.86/$1.95/$2.20B.

Analyst Shneur Gershuni commented, "Despite a negative... More

Midcoast Energy Partners (MEP) Declares $0.3575 Quarterly Dividend; 18.3% Yield

July 28, 2016 9:01 AM EDT

Midcoast Energy Partners (NYSE: MEP) declared a quarterly dividend of $0.3575 per share, or $1.43 annualized.

The dividend will be payable on August 12, 2016, to stockholders of record on August 5, 2016, with an ex-dividend date of August 3, 2016.

The annual yield on the dividend is 18.3... More

Midcoast Energy Partners (MEP) Misses Q2 EPS by 50c

July 28, 2016 9:01 AM EDT

Midcoast Energy Partners (NYSE: MEP) reported Q2 EPS of ($0.79), $0.50 worse than the analyst estimate of ($0.29). Revenue for the quarter came in at $427.6 million versus the consensus estimate of $642.14 million.

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

... More