Enbridge Energy Partners L.P. (EEP) Releases Earnings Results, Beats Expectations By $0.10 EPS

Enbridge Energy Partners L.P. (EEP) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.12. The company posted revenue of $1048.90 million in the period, compared to analysts expectations of $1067.17 million. The company’s revenue was down -20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Enbridge Energy Partners L.P.. Enbridge Energy Partners L.P. was Downgraded by Goldman to ” Sell” on Jul 20, 2016.

Enbridge Energy Partners L.P. closed down -0.37 points or -1.62% at $22.45 with 17,79,781 shares getting traded on Thursday. Post opening the session at $22.84, the shares hit an intraday low of $22.28 and an intraday high of $23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Dec 17, 2015, Stephen J Neyland (Vice President – Finance) purchased 1,200 shares at $19.98 per share price.

Enbridge Energy Partners L.P. (the Partnership) is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets and natural gas gathering treating processing transportation and marketing assets in the United States of America. The Company’s activities include Interstate pipeline transportation and storage of crude oil and liquid petroleum and gathering treating processing and transportation of natural gas and natural gas liquids (NGLs) through pipelines and related facilities and supply transportation and sales services including purchasing and selling natural gas and NGLs. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems natural gas processing and treating facilities and NGL fractionation facilities.

Enbridge Energy Partners L.P.

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