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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 0.02
MEP's Cash to Debt is ranked lower than
91% of the 446 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.39 vs. MEP: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
MEP' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 10000.00 Max: No Debt
Current: 0.02
Equity to Asset 0.31
MEP's Equity to Asset is ranked lower than
77% of the 438 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 Equity to Asset Range Over the Past 10 Years
Min: 0.22  Med: 0.36 Max: 0.87
Current: 0.31
0.22
0.87
F-Score: 4
Z-Score: 0.69
M-Score: -4.36
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 (%) -4.04
MEP's Operating margin (%) is ranked higher than
65% of the 440 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -29.97 vs. MEP: -4.04 )
Ranked among companies with meaningful Operating margin (%) only.
MEP' s Operating margin (%) Range Over the Past 10 Years
Min: 1.16  Med: 2.59 Max: 3.2
Current: -4.04
1.16
3.2
Net-margin (%) -2.61
MEP's Net-margin (%) is ranked higher than
69% of the 440 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -37.11 vs. MEP: -2.61 )
Ranked among companies with meaningful Net-margin (%) only.
MEP' s Net-margin (%) Range Over the Past 10 Years
Min: 0.36  Med: 2.75 Max: 6.46
Current: -2.61
0.36
6.46
ROE (%) -5.44
MEP's ROE (%) is ranked higher than
62% of the 472 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.02 vs. MEP: -5.44 )
Ranked among companies with meaningful ROE (%) only.
MEP' s ROE (%) Range Over the Past 10 Years
Min: 0.63  Med: 10.32 Max: 177
Current: -5.44
0.63
177
ROA (%) -1.78
MEP's ROA (%) is ranked higher than
69% of the 496 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.32 vs. MEP: -1.78 )
Ranked among companies with meaningful ROA (%) only.
MEP' s ROA (%) Range Over the Past 10 Years
Min: 0.35  Med: 3.97 Max: 52.53
Current: -1.78
0.35
52.53
ROC (Joel Greenblatt) (%) -2.98
MEP's ROC (Joel Greenblatt) (%) is ranked higher than
67% of the 483 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -14.60 vs. MEP: -2.98 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MEP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 1.57  Med: 4.39 Max: 77.37
Current: -2.98
1.57
77.37
Revenue Growth (3Y)(%) -40.70
MEP's Revenue Growth (3Y)(%) is ranked lower than
89% of the 326 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.30 vs. MEP: -40.70 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MEP' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -40.7  Med: 54.50 Max: 154.8
Current: -40.7
-40.7
154.8
EBITDA Growth (3Y)(%) -37.80
MEP's EBITDA Growth (3Y)(%) is ranked lower than
84% of the 271 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.40 vs. MEP: -37.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MEP' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
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 366 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 19.88 vs. MEP: 156.25 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 0.20
MEP's P/B is ranked higher than
86% of the 559 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.46 vs. MEP: 0.20 )
Ranked among companies with meaningful P/B only.
MEP' s P/B Range Over the Past 10 Years
Min: 0.17  Med: 0.36 Max: 0.66
Current: 0.2
0.17
0.66
P/S 0.10
MEP's P/S is ranked higher than
94% of the 559 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.86 vs. MEP: 0.10 )
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: 0.17
Current: 0.1
0.05
0.17
PFCF 18.11
MEP's PFCF is ranked lower than
74% of the 213 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.35 vs. MEP: 18.11 )
Ranked among companies with meaningful PFCF only.
MEP' s PFCF Range Over the Past 10 Years
Min: 1.16  Med: 1.64 Max: 29.47
Current: 18.11
1.16
29.47
POCF 1.39
MEP's POCF is ranked higher than
73% of the 559 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.84 vs. MEP: 1.39 )
Ranked among companies with meaningful POCF only.
MEP' s POCF Range Over the Past 10 Years
Min: 0.53  Med: 2.09 Max: 9.96
Current: 1.39
0.53
9.96
EV-to-EBITDA 114.99
MEP's EV-to-EBITDA is ranked lower than
97% of the 457 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.96 vs. MEP: 114.99 )
Ranked among companies with meaningful EV-to-EBITDA only.
MEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 12  Med: 23.40 Max: 122.1
Current: 114.99
12
122.1
Current Ratio 0.89
MEP's Current Ratio is ranked lower than
65% of the 484 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.25 vs. MEP: 0.89 )
Ranked among companies with meaningful Current Ratio only.
MEP' s Current Ratio Range Over the Past 10 Years
Min: 0.52  Med: 1.06 Max: 2.04
Current: 0.89
0.52
2.04
Quick Ratio 0.65
MEP's Quick Ratio is ranked lower than
74% of the 484 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.22 vs. MEP: 0.65 )
Ranked among companies with meaningful Quick Ratio only.
MEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.4  Med: 0.99 Max: 2.04
Current: 0.65
0.4
2.04
Days Inventory 10.53
MEP's Days Inventory is ranked higher than
73% of the 214 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 24.21 vs. MEP: 10.53 )
Ranked among companies with meaningful Days Inventory only.
MEP' s Days Inventory Range Over the Past 10 Years
Min: 1.04  Med: 4.01 Max: 6.32
Current: 10.53
1.04
6.32
Days Sales Outstanding 0.15
MEP's Days Sales Outstanding is ranked higher than
99% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 40.59 vs. MEP: 0.15 )
Ranked among companies with meaningful Days Sales Outstanding only.
MEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.97  Med: 51.44 Max: 110.49
Current: 0.15
0.97
110.49

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 18.19
MEP's Dividend Yield is ranked higher than
83% of the 387 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.71 vs. MEP: 18.19 )
Ranked among companies with meaningful Dividend Yield only.
MEP' s Dividend Yield Range Over the Past 10 Years
Min: 0.75  Med: 8.93 Max: 22.62
Current: 18.19
0.75
22.62
Dividend Payout 1.39
MEP's Dividend Payout is ranked lower than
62% of the 163 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.75 vs. MEP: 1.39 )
Ranked among companies with meaningful Dividend Payout only.
MEP' s Dividend Payout Range Over the Past 10 Years
Min: 0.25  Med: 2.32 Max: 16.6
Current: 1.39
0.25
16.6
Forward Dividend Yield 17.68
MEP's Forward Dividend Yield is ranked higher than
83% of the 305 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.06 vs. MEP: 17.68 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 18.19
MEP's Yield on cost (5-Year) is ranked higher than
82% of the 391 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 7.06 vs. MEP: 18.19 )
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: 8.93 Max: 22.62
Current: 18.19
0.75
22.62
3-Year Average Share Buyback Ratio -53.30
MEP's 3-Year Average Share Buyback Ratio is ranked lower than
88% of the 364 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.40 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: -53.4  Med: -32.50 Max: 0.6
Current: -53.3
-53.4
0.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.26
MEP's Price/Tangible Book is ranked higher than
71% of the 559 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MEP: 0.26 )
Ranked among companies with meaningful Price/Tangible Book only.
MEP' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.32  Med: 0.62 Max: 0.93
Current: 0.26
0.32
0.93
Price/Projected FCF 0.31
MEP's Price/Projected FCF is ranked higher than
78% of the 251 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.86 vs. MEP: 0.31 )
Ranked among companies with meaningful Price/Projected FCF only.
MEP' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.38  Med: 0.56 Max: 0.82
Current: 0.31
0.38
0.82
Price/Median PS Value 0.85
MEP's Price/Median PS Value is ranked lower than
98% of the 557 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.61 vs. MEP: 0.85 )
Ranked among companies with meaningful Price/Median PS Value only.
MEP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.49  Med: 0.96 Max: 1.44
Current: 0.85
0.49
1.44
Earnings Yield (Greenblatt) (%) -3.54
MEP's Earnings Yield (Greenblatt) (%) is ranked higher than
59% of the 494 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -10.80 vs. MEP: -3.54 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MEP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -3.54  Med: 1.30 Max: 4.3
Current: -3.54
-3.54
4.3

More Statistics

Revenue(Mil) $3766
EPS $ -2.13
Short Percentage of Float4.77%
52-Week Range $4.61 - 16.00
Shares Outstanding(Mil)45.22

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 3,082 3,325 3,285 2,573
EPS($) -1.73 -0.69 -1.02 -0.94
EPS without NRI($) -1.73 -0.69 -1.02 -0.94

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.
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