Midcoast Energy Partners (MEP) Misses Q3 EPS by 28c; Boosts FY16 Outlook
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Enbridge Energy Partners, L.P. Declares Distribution and Reports Earnings for Third Quarter 2016
October 31, 2016 6:00 AM EDTHOUSTON, TX -- (Marketwired) -- 10/31/16 -- Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") today announced that the board of directors of the delegate of the Partnership's general partner has declared a quarterly cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis, on all of the Partnership's outstanding units for the quarter ended September 30, 2016. The approved distribution remains unchanged from the previous quarter. The distribution is payable on November 14, 2016, to unitholders of record at the close of business on November 7, 2016.
THIRD QUARTER... More
Midcoast Energy Partners, L.P. Reports Earnings for Third Quarter 2016
October 31, 2016 6:00 AM EDTHOUSTON, TX -- (Marketwired) -- 10/31/16 -- Midcoast Energy Partners, L.P. (NYSE: MEP) ("Midcoast Partners" or "the Partnership") reports net loss and cash provided by operating activities for the three months ended September 30, 2016 of $20.7 million and $37.1 million, respectively.
Midcoast Partners reports adjusted EBITDA and distributable cash flow for the three months ended September 30, 2016 of $17.6 million and $16.5 million, respectively. See Non-GAAP reconciliations section below for additional information about these measures.
As previously announced, the board of directors of our general partner declared a quarterly cash distribution of $0.3575 per unit, or $1.43 per... More
