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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 0.09
MEP's Cash to Debt is ranked higher than
64% of the 1054 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.53 vs. MEP: 0.09 )
MEP' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.09

Equity to Asset 0.32
MEP's Equity to Asset is ranked higher than
62% of the 1035 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. MEP: 0.32 )
MEP' s 10-Year Equity to Asset Range
Min: 0.22   Max: 0.87
Current: 0.32

0.22
0.87
Interest Coverage No Debt
MEP's Interest Coverage is ranked higher than
90% of the 703 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 14.93 vs. MEP: No Debt )
MEP' s 10-Year Interest Coverage Range
Min: 38.29   Max: 9999.99
Current: No Debt

38.29
9999.99
F-Score: 4
Z-Score: 1.18
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 : 6/10

vs
industry
vs
history
Operating margin (%) 0.54
MEP's Operating margin (%) is ranked higher than
74% of the 1050 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 11.65 vs. MEP: 0.54 )
MEP' s 10-Year Operating margin (%) Range
Min: 1.16   Max: 3.2
Current: 0.54

1.16
3.2
Net-margin (%) 0.29
MEP's Net-margin (%) is ranked higher than
76% of the 1050 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.60 vs. MEP: 0.29 )
MEP' s 10-Year Net-margin (%) Range
Min: 0.96   Max: 14.01
Current: 0.29

0.96
14.01
ROE (%) 0.78
MEP's ROE (%) is ranked higher than
79% of the 1135 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.44 vs. MEP: 0.78 )
MEP' s 10-Year ROE (%) Range
Min: 1.72   Max: 177
Current: 0.78

1.72
177
ROA (%) 0.31
MEP's ROA (%) is ranked higher than
79% of the 1179 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.17 vs. MEP: 0.31 )
MEP' s 10-Year ROA (%) Range
Min: 0.92   Max: 52.53
Current: 0.31

0.92
52.53
ROC (Joel Greenblatt) (%) 0.80
MEP's ROC (Joel Greenblatt) (%) is ranked higher than
77% of the 1164 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.42 vs. MEP: 0.80 )
MEP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.6   Max: 75.92
Current: 0.8

1.6
75.92
Revenue Growth (%) -28.40
MEP's Revenue Growth (%) is ranked higher than
64% of the 767 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9.20 vs. MEP: -28.40 )
MEP' s 10-Year Revenue Growth (%) Range
Min: -28.4   Max: 153.3
Current: -28.4

-28.4
153.3
EBITDA Growth (%) -32.40
MEP's EBITDA Growth (%) is ranked higher than
63% of the 700 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.40 vs. MEP: -32.40 )
MEP' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: -32.4
Current: -32.4

» 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
P/E(ttm) 49.50
MEP's P/E(ttm) is ranked higher than
83% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MEP: 49.50 )
MEP' s 10-Year P/E(ttm) Range
Min: 20.39   Max: 82.37
Current: 49.5

20.39
82.37
P/B 0.35
MEP's P/B is ranked higher than
94% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.00 vs. MEP: 0.35 )
MEP' s 10-Year P/B Range
Min: 0.35   Max: 0.66
Current: 0.35

0.35
0.66
P/S 0.10
MEP's P/S is ranked higher than
99% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.77 vs. MEP: 0.10 )
MEP' s 10-Year P/S Range
Min: 0.09   Max: 0.17
Current: 0.1

0.09
0.17
EV-to-EBIT 115.44
MEP's EV-to-EBIT is ranked higher than
77% of the 1294 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 57.86 vs. MEP: 115.44 )
MEP' s 10-Year EV-to-EBIT Range
Min: 61   Max: 947.4
Current: 115.44

61
947.4
Shiller P/E 9.96
MEP's Shiller P/E is ranked higher than
96% of the 1293 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MEP: 9.96 )
MEP' s 10-Year Shiller P/E Range
Min: 9.94   Max: 16.53
Current: 9.96

9.94
16.53
Current Ratio 0.97
MEP's Current Ratio is ranked higher than
73% of the 1166 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.16 vs. MEP: 0.97 )
MEP' s 10-Year Current Ratio Range
Min: 0.52   Max: 2.04
Current: 0.97

0.52
2.04
Quick Ratio 0.59
MEP's Quick Ratio is ranked higher than
67% of the 1166 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. MEP: 0.59 )
MEP' s 10-Year Quick Ratio Range
Min: 0.4   Max: 2.04
Current: 0.59

0.4
2.04

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 8.14
MEP's Dividend Yield is ranked higher than
65% of the 352 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.02 vs. MEP: 8.14 )
MEP' s 10-Year Dividend Yield Range
Min: 0.75   Max: 5.73
Current: 8.14

0.75
5.73
Dividend Payout 3.36
MEP's Dividend Payout is ranked higher than
89% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MEP: 3.36 )
MEP' s 10-Year Dividend Payout Range
Min: 2.32   Max: 16.6
Current: 3.36

2.32
16.6
Yield on cost (5-Year) 8.20
MEP's Yield on cost (5-Year) is ranked higher than
61% of the 362 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.51 vs. MEP: 8.20 )
MEP' s 10-Year Yield on cost (5-Year) Range
Min: 0.75   Max: 5.89
Current: 8.2

0.75
5.89

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.48
MEP's Price/Tangible Book is ranked higher than
91% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.18 vs. MEP: 0.48 )
MEP' s 10-Year Price/Tangible Book Range
Min: 0.77   Max: 0.94
Current: 0.48

0.77
0.94
Price/DCF (Projected) 0.51
MEP's Price/DCF (Projected) is ranked higher than
98% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MEP: 0.51 )
MEP' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 0.83
Current: 0.51

0.6
0.83
Price/Median PS Value 0.83
MEP's Price/Median PS Value is ranked higher than
74% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.67 vs. MEP: 0.83 )
MEP' s 10-Year Price/Median PS Value Range
Min: 0.84   Max: 1.35
Current: 0.83

0.84
1.35
Price/Graham Number 0.71
MEP's Price/Graham Number is ranked higher than
91% of the 1295 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MEP: 0.71 )
MEP' s 10-Year Price/Graham Number Range
Min: 0.77   Max: 1.15
Current: 0.71

0.77
1.15
Earnings Yield (Greenblatt) 0.90
MEP's Earnings Yield (Greenblatt) is ranked higher than
76% of the 1159 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.90 vs. MEP: 0.90 )
MEP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 1.6
Current: 0.9

0.1
1.6

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare: » details
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
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