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Enbridge Energy Management L.L.C. (EEQ) filed Quarterly Report for the period ended 2011-09-30.
Enbridge Energy Management L.l.c. has a market cap of $1.15 billion; its shares were traded at around $30.92 with and P/S ratio of 32.73.
This is the annual revenues and earnings per share of EEQ over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of EEQ.
Highlight of Business Operations:
Our results of operations consist of our share of earnings of Enbridge Energy Partners, L.P., or the Partnership, attributed to the i-units we own. At September 30, 2011 and 2010, through our ownership of i-units, we had an approximate 13.3 percent and 14.2 percent, respectively, limited partner interest in the Partnership. Our percentage ownership of the Partnership will change over time as the number of i-units we own becomes a different percentage of the total limited partner interests outstanding due to our ownership of additional i-units and other issuances of limited partner interests by the Partnership.Our net income of $7.8 million and $28.5 million for the three and nine month periods ended September 30, 2011, respectively, and our net loss of $38.0 million and $18.2 million for the three and nine month periods ended September 30, 2010, represents equity in earnings and losses attributable to the i-units that we own decreased by deferred income tax expense. Deferred income tax expense is calculated based on the difference between the accounting and tax basis of our investment in the Partnership and the combined federal and state income tax rate of 37.2% for the three and nine month periods ended September 30, 2011 and 37.9% for the three and nine month periods ended 2010, applied to our share of the earnings of the Partnership for the respective periods.
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