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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 : 3/10

vs
industry
vs
history
Cash-to-Debt 0.01
MEP's Cash-to-Debt is ranked lower than
95% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. MEP: 0.01 )
Ranked among companies with meaningful Cash-to-Debt only.
MEP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 9999.5 Max: No Debt
Current: 0.01
Equity-to-Asset 0.30
MEP's Equity-to-Asset is ranked lower than
68% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. MEP: 0.30 )
Ranked among companies with meaningful Equity-to-Asset only.
MEP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26  Med: 0.34 Max: 0.83
Current: 0.3
0.26
0.83
Piotroski F-Score: 5
Altman Z-Score: 0.34
Beneish M-Score: -2.84
WACC vs ROIC
8.44%
-3.26%
WACC
ROIC
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 % -7.76
MEP's Operating Margin % is ranked lower than
91% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.39 vs. MEP: -7.76 )
Ranked among companies with meaningful Operating Margin % only.
MEP' s Operating Margin % Range Over the Past 10 Years
Min: -9.94  Med: 2.36 Max: 3.2
Current: -7.76
-9.94
3.2
Net Margin % -5.08
MEP's Net Margin % is ranked lower than
83% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.44 vs. MEP: -5.08 )
Ranked among companies with meaningful Net Margin % only.
MEP' s Net Margin % Range Over the Past 10 Years
Min: -5.77  Med: 1.73 Max: 3.89
Current: -5.08
-5.77
3.89
ROE % -6.32
MEP's ROE % is ranked lower than
79% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.81 vs. MEP: -6.32 )
Ranked among companies with meaningful ROE % only.
MEP' s ROE % Range Over the Past 10 Years
Min: -9.19  Med: 3.84 Max: 177
Current: -6.32
-9.19
177
ROA % -1.97
MEP's ROA % is ranked lower than
81% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.96 vs. MEP: -1.97 )
Ranked among companies with meaningful ROA % only.
MEP' s ROA % Range Over the Past 10 Years
Min: -2.97  Med: 3.22 Max: 52.53
Current: -1.97
-2.97
52.53
ROC (Joel Greenblatt) % -2.92
MEP's ROC (Joel Greenblatt) % is ranked lower than
86% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.95 vs. MEP: -2.92 )
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 Max: 77.37
Current: -2.92
-6.7
77.37
3-Year Revenue Growth Rate -39.00
MEP's 3-Year Revenue Growth Rate is ranked lower than
94% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.40 vs. MEP: -39.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MEP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -47.2  Med: 14.65 Max: 154.8
Current: -39
-47.2
154.8
3-Year EBITDA Growth Rate -53.30
MEP's 3-Year EBITDA Growth Rate is ranked lower than
96% of the 75 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.00 vs. MEP: -53.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MEP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: -32.8
Current: -53.3
GuruFocus has detected 4 Warning Signs with Midcoast Energy Partners LP $MEP.
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» MEP's 10-Y Financials

Financials (Next Earnings Date: 2017-05-15 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

MEP Guru Trades in

MEP Guru Trades in

Q3 2016

MEP Guru Trades in Q3 2016

Jim Simons 10,100 sh (New)
» More
Q4 2016

MEP Guru Trades in Q4 2016

T Boone Pickens 62,554 sh (New)
Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with MEP

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 213112    SIC: 1389
Compare:NYSE:JPEP, NYSE:ARCX, OTCPK:LNGLF, NAS:BKEP, NYSE:SGU, NYSE:WPT, NAS:GPP, NYSE:GLP, NAS:PTXP, OTCPK:PGAS, NYSE:TLP, OTCPK:AZURQ, NYSE:AMID, NAS:MMLP, OTCPK:HOLHF, NYSE:PBFX, NYSE:GLOP, NYSE:NSH, NYSE:HESM, NYSE:CNNX » details
Traded in other countries:M7E.Germany,
Headquarter Location:USA
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
PB Ratio 0.25
MEP's PB Ratio is ranked higher than
98% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.18 vs. MEP: 0.25 )
Ranked among companies with meaningful PB Ratio only.
MEP' s PB Ratio Range Over the Past 10 Years
Min: 0.11  Med: 0.3 Max: 0.66
Current: 0.25
0.11
0.66
PS Ratio 0.18
MEP's PS Ratio is ranked higher than
94% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.14 vs. MEP: 0.18 )
Ranked among companies with meaningful PS Ratio only.
MEP' s PS Ratio Range Over the Past 10 Years
Min: 0.06  Med: 0.13 Max: 0.22
Current: 0.18
0.06
0.22
Price-to-Free-Cash-Flow 2.23
MEP's Price-to-Free-Cash-Flow is ranked higher than
97% of the 62 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.48 vs. MEP: 2.23 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MEP' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.77  Med: 6.96 Max: 33.43
Current: 2.23
1.77
33.43
Price-to-Operating-Cash-Flow 1.57
MEP's Price-to-Operating-Cash-Flow is ranked higher than
97% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.86 vs. MEP: 1.57 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MEP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.85  Med: 2.18 Max: 10.11
Current: 1.57
0.85
10.11
EV-to-EBIT -28.50
MEP's EV-to-EBIT is ranked lower than
99.99% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.94 vs. MEP: -28.50 )
Ranked among companies with meaningful EV-to-EBIT only.
MEP' s EV-to-EBIT Range Over the Past 10 Years
Min: -43.5  Med: -12.4 Max: 1291.9
Current: -28.5
-43.5
1291.9
EV-to-EBITDA 106.50
MEP's EV-to-EBITDA is ranked lower than
99.99% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.97 vs. MEP: 106.50 )
Ranked among companies with meaningful EV-to-EBITDA only.
MEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -29.9  Med: 22.2 Max: 124.5
Current: 106.5
-29.9
124.5
Shiller PE Ratio 16.30
MEP's Shiller PE Ratio is ranked higher than
80% of the 46 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.03 vs. MEP: 16.30 )
Ranked among companies with meaningful Shiller PE Ratio only.
MEP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.89  Med: 16.2 Max: 18.15
Current: 16.3
12.89
18.15
Current Ratio 0.47
MEP's Current Ratio is ranked lower than
93% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. MEP: 0.47 )
Ranked among companies with meaningful Current Ratio only.
MEP' s Current Ratio Range Over the Past 10 Years
Min: 0.47  Med: 1.05 Max: 1.14
Current: 0.47
0.47
1.14
Quick Ratio 0.37
MEP's Quick Ratio is ranked lower than
93% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.95 vs. MEP: 0.37 )
Ranked among companies with meaningful Quick Ratio only.
MEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.37  Med: 0.99 Max: 1.13
Current: 0.37
0.37
1.13
Days Inventory 7.14
MEP's Days Inventory is ranked higher than
81% of the 81 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.16 vs. MEP: 7.14 )
Ranked among companies with meaningful Days Inventory only.
MEP' s Days Inventory Range Over the Past 10 Years
Min: 0.36  Med: 5.63 Max: 7.82
Current: 7.14
0.36
7.82
Days Sales Outstanding 1.58
MEP's Days Sales Outstanding is ranked higher than
98% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 35.87 vs. MEP: 1.58 )
Ranked among companies with meaningful Days Sales Outstanding only.
MEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.97  Med: 3.28 Max: 66.63
Current: 1.58
0.97
66.63
Days Payable 2.17
MEP's Days Payable is ranked lower than
99% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 44.51 vs. MEP: 2.17 )
Ranked among companies with meaningful Days Payable only.
MEP' s Days Payable Range Over the Past 10 Years
Min: 2.17  Med: 22.47 Max: 33.15
Current: 2.17
2.17
33.15

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 17.99
MEP's Dividend Yield % is ranked higher than
96% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.90 vs. MEP: 17.99 )
Ranked among companies with meaningful Dividend Yield % only.
MEP' s Dividend Yield % Range Over the Past 10 Years
Min: 0.75  Med: 12.84 Max: 35.95
Current: 17.99
0.75
35.95
Forward Dividend Yield % 17.99
MEP's Forward Dividend Yield % is ranked higher than
96% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.47 vs. MEP: 17.99 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 17.99
MEP's 5-Year Yield-on-Cost % is ranked higher than
90% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.04 vs. MEP: 17.99 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
MEP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.75  Med: 12.84 Max: 35.95
Current: 17.99
0.75
35.95

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.29
MEP's Price-to-Tangible-Book is ranked higher than
98% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.96 vs. MEP: 0.29 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MEP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.26  Med: 0.38 Max: 0.81
Current: 0.29
0.26
0.81
Price-to-Intrinsic-Value-Projected-FCF 0.25
MEP's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
96% of the 47 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.10 vs. MEP: 0.25 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MEP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.22  Med: 0.38 Max: 0.42
Current: 0.25
0.22
0.42
Price-to-Median-PS-Value 1.41
MEP's Price-to-Median-PS-Value is ranked lower than
70% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.15 vs. MEP: 1.41 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MEP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.51  Med: 1 Max: 1.42
Current: 1.41
0.51
1.42
Earnings Yield (Greenblatt) % -3.51
MEP's Earnings Yield (Greenblatt) % is ranked lower than
99.99% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.78 vs. MEP: -3.51 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MEP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -3.51  Med: 1.35 Max: 4.3
Current: -3.51
-3.51
4.3

More Statistics

Revenue (TTM) (Mil) $1,966
EPS (TTM) $ -2.17
Beta2.80
Short Percentage of Float0.51%
52-Week Range $5.30 - 9.89
Shares Outstanding (Mil)45.22

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,816 1,687 1,695
EPS ($) -0.95 -0.69 -0.57
EPS without NRI ($) -0.95 -0.69 -0.57
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 1.43 1.43 1.43
» More Articles for MEP

Headlines

Articles On GuruFocus.com
Midcoast Energy Partners to Be Removed from the Alerian Small Cap MLP Index Apr 27 2017 
Enbridge Inc. to Host a Joint Webcast with Enbridge Income Fund Holdings Inc., Enbridge Energy Partn Apr 21 2017 
T. Boone Pickens Buys 4 New Stocks, Sells 3 Others Feb 15 2017 
Midcoast Energy Partners, L.P. to Webcast Its 2016 Third Quarter Financial Results Oct 14 2016 
Enbridge Energy Partners, L.P. Declares Distribution for First Quarter 2016 Apr 29 2016 
Midcoast Energy Partners, L.P. Declares Distribution for First Quarter 2016 Apr 28 2016 
Enbridge Energy Partners, L.P. to Webcast Its 2016 First Quarter Financial Results Apr 15 2016 
Midcoast Energy Partners, L.P. to Webcast Its 2016 First Quarter Financial Results Apr 15 2016 
Marsa Announces Appointment of Interim Chief Financial Officer Mar 21 2016 
Midcoast Energy Partners, L.P. Makes K-1 Tax Packages Available Online Feb 24 2016 

More From Other Websites
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Midcoast Energy Partners to Be Removed from the Alerian Small Cap MLP Index Apr 27 2017
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MLP Stocks: The Biggest Losers in 1Q17 Apr 06 2017
Enbridge to cut 6 percent of its workforce Mar 22 2017
Enbridge Energy Partners Inside Out: Segments and Assets Mar 14 2017
Midcoast Energy Partners LP :MEP-US: Earnings Analysis: Q4, 2016 By the Numbers : March 10, 2017 Mar 10 2017
Enbridge Energy Partners, L.P. Makes K-1 Tax Packages Available Online Feb 23 2017
Midcoast Energy Partners, L.P. Makes K-1 Tax Packages Available Online Feb 23 2017
Enbridge and Spectra Energy Merger Expected to Close February 27, 2017 Feb 23 2017
Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C. File Annual Reports on Form... Feb 17 2017
Midcoast Energy Partners, L.P. Files Annual Report on Form 10-K Feb 17 2017
Enbridge Energy Partners, L.P. Reports Earnings for Fourth Quarter 2016 Feb 16 2017
Midcoast Energy reports 4Q loss Feb 15 2017
Enbridge Energy Partners, L.P. Closes Bakken Pipeline System Acquisition Feb 15 2017
Midcoast Energy Partners, L.P. Reports Earnings for Fourth Quarter 2016 Feb 15 2017
T. Boone Pickens Buys 4 New Stocks, Sells 3 Others Feb 15 2017
Why Enbridge Energy Partners Stock Got Hammered in January Feb 10 2017

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