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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.03
MEP's Cash to Debt is ranked lower than
89% of the 469 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.46 vs. MEP: 0.03 )
Ranked among companies with meaningful Cash to Debt only.
MEP' s 10-Year Cash to Debt Range
Min: 0.01  Med: 10000.00 Max: No Debt
Current: 0.03
Equity to Asset 0.31
MEP's Equity to Asset is ranked lower than
79% of the 457 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.52 vs. MEP: 0.31 )
Ranked among companies with meaningful Equity to Asset only.
MEP' s 10-Year Equity to Asset Range
Min: 0.22  Med: 0.37 Max: 0.87
Current: 0.31
0.22
0.87
Interest Coverage 9.14
MEP's Interest Coverage is ranked lower than
61% of the 301 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 23.27 vs. MEP: 9.14 )
Ranked among companies with meaningful Interest Coverage only.
MEP' s 10-Year Interest Coverage Range
Min: 9.14  Med: 10000.00 Max: 9999.99
Current: 9.14
9.14
9999.99
F-Score: 4
Z-Score: 0.85
M-Score: -4.20
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) -3.13
MEP's Operating margin (%) is ranked higher than
57% of the 475 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -14.83 vs. MEP: -3.13 )
Ranked among companies with meaningful Operating margin (%) only.
MEP' s 10-Year Operating margin (%) Range
Min: 1.16  Med: 2.59 Max: 3.2
Current: -3.13
1.16
3.2
Net-margin (%) -1.96
MEP's Net-margin (%) is ranked higher than
63% of the 475 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -19.13 vs. MEP: -1.96 )
Ranked among companies with meaningful Net-margin (%) only.
MEP' s 10-Year Net-margin (%) Range
Min: 0.36  Med: 2.80 Max: 14.1
Current: -1.96
0.36
14.1
ROE (%) -4.95
MEP's ROE (%) is ranked higher than
58% of the 511 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.85 vs. MEP: -4.95 )
Ranked among companies with meaningful ROE (%) only.
MEP' s 10-Year ROE (%) Range
Min: 0.63  Med: 11.47 Max: 177
Current: -4.95
0.63
177
ROA (%) -1.58
MEP's ROA (%) is ranked higher than
64% of the 535 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -6.15 vs. MEP: -1.58 )
Ranked among companies with meaningful ROA (%) only.
MEP' s 10-Year ROA (%) Range
Min: 0.35  Med: 4.84 Max: 52.53
Current: -1.58
0.35
52.53
ROC (Joel Greenblatt) (%) -2.80
MEP's ROC (Joel Greenblatt) (%) is ranked higher than
61% of the 520 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.63 vs. MEP: -2.80 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MEP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.57  Med: 4.39 Max: 77.37
Current: -2.8
1.57
77.37
Revenue Growth (3Y)(%) -40.70
MEP's Revenue Growth (3Y)(%) is ranked lower than
91% of the 339 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.50 vs. MEP: -40.70 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MEP' s 10-Year Revenue Growth (3Y)(%) Range
Min: -40.7  Med: 48.50 Max: 154.8
Current: -40.7
-40.7
154.8
EBITDA Growth (3Y)(%) -37.80
MEP's EBITDA Growth (3Y)(%) is ranked lower than
82% of the 294 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.60 vs. MEP: -37.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MEP' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 0.00 Max: -32.8
Current: -37.8
» MEP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

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Ratios

vs
industry
vs
history
Forward P/E 156.25
MEP's Forward P/E is ranked lower than
90% of the 214 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 23.47 vs. MEP: 156.25 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 0.32
MEP's P/B is ranked higher than
85% of the 486 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.75 vs. MEP: 0.32 )
Ranked among companies with meaningful P/B only.
MEP' s 10-Year P/B Range
Min: 0.25  Med: 0.49 Max: 0.66
Current: 0.32
0.25
0.66
P/S 0.12
MEP's P/S is ranked higher than
96% of the 437 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.52 vs. MEP: 0.12 )
Ranked among companies with meaningful P/S only.
MEP' s 10-Year P/S Range
Min: 0.05  Med: 0.10 Max: 0.17
Current: 0.12
0.05
0.17
POCF 4.36
MEP's POCF is ranked lower than
57% of the 320 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.50 vs. MEP: 4.36 )
Ranked among companies with meaningful POCF only.
MEP' s 10-Year POCF Range
Min: 0.53  Med: 3.72 Max: 9.96
Current: 4.36
0.53
9.96
Shiller P/E 19.67
MEP's Shiller P/E is ranked lower than
64% of the 139 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 12.62 vs. MEP: 19.67 )
Ranked among companies with meaningful Shiller P/E only.
MEP' s 10-Year Shiller P/E Range
Min: 6.78  Med: 11.71 Max: 21.35
Current: 19.67
6.78
21.35
Current Ratio 0.97
MEP's Current Ratio is ranked lower than
63% of the 513 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.27 vs. MEP: 0.97 )
Ranked among companies with meaningful Current Ratio only.
MEP' s 10-Year Current Ratio Range
Min: 0.52  Med: 1.06 Max: 2.04
Current: 0.97
0.52
2.04
Quick Ratio 0.75
MEP's Quick Ratio is ranked lower than
69% of the 513 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.20 vs. MEP: 0.75 )
Ranked among companies with meaningful Quick Ratio only.
MEP' s 10-Year Quick Ratio Range
Min: 0.4  Med: 1.00 Max: 2.04
Current: 0.75
0.4
2.04
Days Inventory 10.62
MEP's Days Inventory is ranked higher than
72% of the 219 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 23.74 vs. MEP: 10.62 )
Ranked among companies with meaningful Days Inventory only.
MEP' s 10-Year Days Inventory Range
Min: 1.04  Med: 4.25 Max: 6.82
Current: 10.62
1.04
6.82
Days Sales Outstanding 0.05
MEP's Days Sales Outstanding is ranked higher than
100% of the 433 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 41.02 vs. MEP: 0.05 )
Ranked among companies with meaningful Days Sales Outstanding only.
MEP' s 10-Year Days Sales Outstanding Range
Min: 0.97  Med: 51.47 Max: 110.49
Current: 0.05
0.97
110.49

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 11.71
MEP's Dividend Yield is ranked higher than
73% of the 383 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.02 vs. MEP: 11.71 )
Ranked among companies with meaningful Dividend Yield only.
MEP' s 10-Year Dividend Yield Range
Min: 0.75  Med: 6.52 Max: 14.57
Current: 11.71
0.75
14.57
Dividend Payout 1.39
MEP's Dividend Payout is ranked lower than
66% of the 160 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.69 vs. MEP: 1.39 )
Ranked among companies with meaningful Dividend Payout only.
MEP' s 10-Year Dividend Payout Range
Min: 0.25  Med: 2.32 Max: 16.6
Current: 1.39
0.25
16.6
Yield on cost (5-Year) 11.71
MEP's Yield on cost (5-Year) is ranked higher than
72% of the 397 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.94 vs. MEP: 11.71 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MEP' s 10-Year Yield on cost (5-Year) Range
Min: 0.75  Med: 6.52 Max: 14.57
Current: 11.71
0.75
14.57
Share Buyback Rate -53.30
MEP's Share Buyback Rate is ranked lower than
87% of the 389 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.40 vs. MEP: -53.30 )
Ranked among companies with meaningful Share Buyback Rate only.
MEP' s 10-Year Share Buyback Rate Range
Min: 0.6  Med: -33.45 Max: -184.2
Current: -53.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.38
MEP's Price/Tangible Book is ranked higher than
79% of the 455 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.81 vs. MEP: 0.38 )
Ranked among companies with meaningful Price/Tangible Book only.
MEP' s 10-Year Price/Tangible Book Range
Min: 0.35  Med: 0.76 Max: 0.93
Current: 0.38
0.35
0.93
Price/Projected FCF 0.47
MEP's Price/Projected FCF is ranked higher than
76% of the 127 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.99 vs. MEP: 0.47 )
Ranked among companies with meaningful Price/Projected FCF only.
MEP' s 10-Year Price/Projected FCF Range
Min: 0.43  Med: 0.63 Max: 0.82
Current: 0.47
0.43
0.82
Price/Median PS Value 1.18
MEP's Price/Median PS Value is ranked lower than
91% of the 403 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.48 vs. MEP: 1.18 )
Ranked among companies with meaningful Price/Median PS Value only.
MEP' s 10-Year Price/Median PS Value Range
Min: 0.54  Med: 1.05 Max: 1.59
Current: 1.18
0.54
1.59
Earnings Yield (Greenblatt) (%) -3.11
MEP's Earnings Yield (Greenblatt) (%) is ranked higher than
54% of the 527 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -6.60 vs. MEP: -3.11 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MEP' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: -3.11  Med: 1.35 Max: 4
Current: -3.11
-3.11
4

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 3,744 4,187 4,232
EPS($) -0.56 -0.45 -0.23
EPS without NRI($) -0.56 -0.45 -0.23

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare: » details
Traded in other countries:M7E.Germany,
Midcoast Energy Partners LP is incorporated in Delaware in 2013 by Enbridge Energy Partners, L.P., or EEP, to serve as EEP's primary vehicle for owning and growing its natural gas and natural gas liquids, or NGL, midstream business in the United States. The Company's business consists of gathering unprocessed and untreated natural gas from wellhead locations and other receipt points on its systems, processing the natural gas to remove NGLs and impurities at the processing and treating facilities and transporting the processed natural gas and NGLs to intrastate and interstate pipelines for transportation to various customers and market outlets. In addition, it also market natural gas and NGLs to wholesale customers. The Company conducts its business through two segments namely Gathering, Processing and Transportation and Logistics and Marketing. The gathering, processing and transportation business consists of the following four systems namely Anadarko system, East Texas system, North Texas system and North Texas system. Anadarko system holds approximately 3,100 miles of natural gas gathering and transportation pipelines, approximately 58 miles of NGL pipelines, nine active natural gas processing plants, three standby natural gas processing plants and one standby treating plant located in the Anadarko basin. East Texas system holds approximately 3,900 miles of natural gas gathering and transportation pipelines, approximately 108 miles of NGL pipelines, six active natural gas processing plants, including two hydrocarbon dewpoint control facilities, or HCDP plants, eight active natural gas treating plants, three standby natural gas treating plants and one fractionation facility located in the East Texas basin. North Texas system holds Approximately 4,600 miles of natural gas gathering and transportation pipelines, approximately 60 miles of NGL pipelines, six active natural gas processing plants and one standby natural gas processing plant located in the Fort Worth basin and Texas Express NGL system holds 35% interest in an approximately 580-mile NGL intrastate transportation mainline and a related NGL gathering system that consists of approximately 116 miles of gathering lines.
» More Articles for MEP

Headlines

Articles On GuruFocus.com
Marsa Energy Inc. Announces Grant of Options Aug 28 2015 
Enbridge Energy Partners Announces Actions to Strengthen Midcoast Energy Partners and Planning Next Jul 29 2015 
Marsa Energy Inc. Provides Corporate Update & Announces Signature of Reserve Base Loan Mandate Lette Jun 30 2015 
Midcoast Energy Partners, L.P. to Webcast Its 2014 Fourth Quarter Financial Results Jan 21 2015 
Marsa Energy Inc. Announces Significant New Field Discovery, Reserves and Provides Drilling Update Jan 07 2015 
Marsa Energy Inc. Announces Significant New Gas Discovery and Provides Drilling Update Oct 27 2014 
Midcoast Energy Partners to Webcast Its 2014 Third Quarter Financial Results Oct 15 2014 
Midcoast Energy Partners, L.P. Announces Private Placement of Senior Unsecured Notes Oct 15 2014 

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