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Also traded in: Germany

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 : 4/10

vs
industry
vs
history
Cash to Debt 0.06
MEP's Cash to Debt is ranked lower than
51% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. MEP: 0.06 )
Ranked among companies with meaningful Cash to Debt only.
MEP' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 9999.50 Max: No Debt
Current: 0.06
Equity to Asset 0.31
MEP's Equity to Asset is ranked lower than
70% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. MEP: 0.31 )
Ranked among companies with meaningful Equity to Asset only.
MEP' s Equity to Asset Range Over the Past 10 Years
Min: 0.22  Med: 0.34 Max: 0.87
Current: 0.31
0.22
0.87
F-Score: 4
Z-Score: 0.35
M-Score: -3.73
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 : 3/10

vs
industry
vs
history
Operating margin (%) -11.77
MEP's Operating margin (%) is ranked lower than
88% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.56 vs. MEP: -11.77 )
Ranked among companies with meaningful Operating margin (%) only.
MEP' s Operating margin (%) Range Over the Past 10 Years
Min: -9.94  Med: 2.48 Max: 3.2
Current: -11.77
-9.94
3.2
Net-margin (%) -6.83
MEP's Net-margin (%) is ranked lower than
80% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.43 vs. MEP: -6.83 )
Ranked among companies with meaningful Net-margin (%) only.
MEP' s Net-margin (%) Range Over the Past 10 Years
Min: -5.77  Med: 2.54 Max: 5.14
Current: -6.83
-5.77
5.14
ROE (%) -9.59
MEP's ROE (%) is ranked lower than
82% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.38 vs. MEP: -9.59 )
Ranked among companies with meaningful ROE (%) only.
MEP' s ROE (%) Range Over the Past 10 Years
Min: -9.19  Med: 7.01 Max: 177
Current: -9.59
-9.19
177
ROA (%) -3.08
MEP's ROA (%) is ranked lower than
81% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.66 vs. MEP: -3.08 )
Ranked among companies with meaningful ROA (%) only.
MEP' s ROA (%) Range Over the Past 10 Years
Min: -2.97  Med: 3.38 Max: 52.53
Current: -3.08
-2.97
52.53
ROC (Joel Greenblatt) (%) -6.66
MEP's ROC (Joel Greenblatt) (%) is ranked lower than
84% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.96 vs. MEP: -6.66 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MEP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -6.7  Med: 4.20 Max: 77.37
Current: -6.66
-6.7
77.37
Revenue Growth (3Y)(%) -47.20
MEP's Revenue Growth (3Y)(%) is ranked lower than
95% of the 75 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -4.40 vs. MEP: -47.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MEP' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -47.2  Med: 42.70 Max: 154.6
Current: -47.2
-47.2
154.6
» MEP's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-30)


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

» Details

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:NYSE:AMID, NYSE:GLP, NAS:GPP, NYSE:SGU, NYSE:JPEP, OTCPK:LNGLF, NYSE:WPT, NYSE:ARCX, NYSE:GLOP, NAS:BKEP, NYSE:NKA, NYSE:TLP, NAS:PTXP, OTCPK:HOLHF, OTCPK:MCESF, OTCPK:AZUR, OTCPK:PGAS, NAS:MMLP, NYSE:PBFX, NYSE:CNNX » details
Traded in other countries:M7E.Germany,
Midcoast Energy Partners LP provides natural gas services. The Company gathers, processes, transports and markets natural gas and natural gas liquids to intrastate and interstate pipelines for transportation to various customers and market outlets.

Midcoast Energy Partners LP is a Delaware limited partnership formed in 2013 to serve as Enbridge Energy Partners, L.P's primary vehicle for owning and growing its natural gas and NGL midstream business in the United States. Its 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 its 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 provides marketing services of natural gas and NGLs to wholesale customers. It conducts business through two distinct reporting segments: Gathering, Processing and Transportation and Logistics and Marketing. Its gathering, processing and transportation business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility. It gathers natural gas from the wellhead and central receipt points on its systems, deliver it to facilities for processing and treating and deliver the residue gas to intrastate or interstate pipelines for transmission to wholesale customers such as power plants, industrial customers and local distribution companies. It delivers the NGLs produced at its processing and fractionation facilities to intrastate and interstate pipelines for transportation to the NGL market hubs in Mont Belvieu, Texas and Conway, Kansas. In addition, it delivers NGLs from certain of its facilities to the Texas Express NGL system for transportation on the Texas Express NGL mainline to Mont Belvieu, Texas. The primary role of its logistics and marketing business is to provide marketing services of natural gas, NGLs and condensate received from its gathering, processing and transportation business. It purchases and receives natural gas, NGLs and other products from pipeline systems and processing plants and sell and deliver them to wholesale customers, such as distributors, refiners, fractionators, chemical facilities, various third parties and end users. A majority of the natural gas and NGLs purchased are produced in Texas markets where it has intrastate deliverability alternatives over the past several years. It uses this connectivity to interstate pipelines to improve value for the producers by delivering natural gas into premium markets and NGLs to primary markets where it sells them to customers. It faces competition in the gathering, processing and transportation business, as well as in the marketing and logistics business. The Company's transmission and gathering pipelines, storage and processing facilities, and trucking and railcar operations are subject to extensive environmental, operational and safety regulation at federal and state levels.

Ratios

vs
industry
vs
history
P/B 0.26
MEP's P/B is ranked higher than
97% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.03 vs. MEP: 0.26 )
Ranked among companies with meaningful P/B only.
MEP' s P/B Range Over the Past 10 Years
Min: 0.11  Med: 0.34 Max: 0.66
Current: 0.26
0.11
0.66
P/S 0.13
MEP's P/S is ranked higher than
96% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.72 vs. MEP: 0.13 )
Ranked among companies with meaningful P/S only.
MEP' s P/S Range Over the Past 10 Years
Min: 0.05  Med: 0.11 Max: 0.16
Current: 0.13
0.05
0.16
PFCF 36.24
MEP's PFCF is ranked lower than
78% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.46 vs. MEP: 36.24 )
Ranked among companies with meaningful PFCF only.
MEP' s PFCF Range Over the Past 10 Years
Min: 1.2  Med: 15.07 Max: 36.96
Current: 36.24
1.2
36.96
POCF 2.42
MEP's POCF is ranked higher than
91% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.35 vs. MEP: 2.42 )
Ranked among companies with meaningful POCF only.
MEP' s POCF Range Over the Past 10 Years
Min: 0.53  Med: 2.05 Max: 10.11
Current: 2.42
0.53
10.11
Current Ratio 0.76
MEP's Current Ratio is ranked lower than
74% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.10 vs. MEP: 0.76 )
Ranked among companies with meaningful Current Ratio only.
MEP' s Current Ratio Range Over the Past 10 Years
Min: 0.52  Med: 1.04 Max: 2.04
Current: 0.76
0.52
2.04
Quick Ratio 0.72
MEP's Quick Ratio is ranked lower than
64% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.94 vs. MEP: 0.72 )
Ranked among companies with meaningful Quick Ratio only.
MEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.4  Med: 0.98 Max: 2.04
Current: 0.72
0.4
2.04
Days Inventory 8.16
MEP's Days Inventory is ranked higher than
78% of the 83 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.92 vs. MEP: 8.16 )
Ranked among companies with meaningful Days Inventory only.
MEP' s Days Inventory Range Over the Past 10 Years
Min: 0.52  Med: 5.62 Max: 7.82
Current: 8.16
0.52
7.82
Days Sales Outstanding 1.57
MEP's Days Sales Outstanding is ranked higher than
97% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.66 vs. MEP: 1.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
MEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.97  Med: 11.40 Max: 88.98
Current: 1.57
0.97
88.98

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 16.44
MEP's Dividend Yield is ranked higher than
90% of the 118 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.72 vs. MEP: 16.44 )
Ranked among companies with meaningful Dividend Yield only.
MEP' s Dividend Yield Range Over the Past 10 Years
Min: 0.75  Med: 9.74 Max: 35.95
Current: 16.44
0.75
35.95
Forward Dividend Yield 16.74
MEP's Forward Dividend Yield is ranked higher than
94% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.65 vs. MEP: 16.74 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 16.70
MEP's Yield on cost (5-Year) is ranked higher than
84% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.77 vs. MEP: 16.70 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MEP' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.75  Med: 9.74 Max: 35.95
Current: 16.7
0.75
35.95
3-Year Average Share Buyback Ratio -53.30
MEP's 3-Year Average Share Buyback Ratio is ranked lower than
93% of the 70 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -10.10 vs. MEP: -53.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MEP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -149.3  Med: -53.30 Max: 0.1
Current: -53.3
-149.3
0.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.29
MEP's Price/Tangible Book is ranked higher than
96% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.28 vs. MEP: 0.29 )
Ranked among companies with meaningful Price/Tangible Book only.
MEP' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.17  Med: 0.46 Max: 0.93
Current: 0.29
0.17
0.93
Price/Projected FCF 0.26
MEP's Price/Projected FCF is ranked higher than
95% of the 43 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.56 vs. MEP: 0.26 )
Ranked among companies with meaningful Price/Projected FCF only.
MEP' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.16  Med: 0.41 Max: 0.69
Current: 0.26
0.16
0.69
Price/Median PS Value 1.46
MEP's Price/Median PS Value is ranked lower than
79% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. MEP: 1.46 )
Ranked among companies with meaningful Price/Median PS Value only.
MEP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.47  Med: 0.96 Max: 1.4
Current: 1.46
0.47
1.4
Earnings Yield (Greenblatt) (%) -7.92
MEP's Earnings Yield (Greenblatt) (%) is ranked lower than
89% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.10 vs. MEP: -7.92 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MEP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -8.01  Med: 1.40 Max: 4
Current: -7.92
-8.01
4

More Statistics

Revenue (TTM) (Mil) $2,401
EPS (TTM) $ -3.56
Short Percentage of Float4.39%
52-Week Range $3.76 - 13.58
Shares Outstanding (Mil)45.22

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 3,294 3,193 3,229
EPS ($) -0.69 -1.48 -1.16
EPS w/o NRI ($) -0.69 -1.48 -1.16
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
» More Articles for NYSE:MEP

Headlines

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