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Enbridge Energy Partners LP's gross profit for the three months ended in Sep. 2018 was $362 Mil. Enbridge Energy Partners LP's gross profit for the trailing twelve months (TTM) ended in Sep. 2018 was $2,181 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Enbridge Energy Partners LP's gross profit for the three months ended in Sep. 2018 was $362 Mil. Enbridge Energy Partners LP's Revenue for the three months ended in Sep. 2018 was $560 Mil. Therefore, Enbridge Energy Partners LP's Gross Margin % for the quarter that ended in Sep. 2018 was 64.64%.
Enbridge Energy Partners LP had a gross margin of 64.64% for the quarter that ended in Sep. 2018 => Durable competitive advantage
The historical data trend for Enbridge Energy Partners LP's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enbridge Energy Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 1,746.80 | 2,494.90 | 2,043.00 | 2,239.00 | 2,138.00 |
Enbridge Energy Partners LP Quarterly Data | ||||||||||||||||||||
Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Gross Profit | Get a 7-Day Free Trial | 422.00 | 886.00 | 482.00 | 451.00 | 362.00 |
For the Oil & Gas Midstream subindustry, Enbridge Energy Partners LP's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Enbridge Energy Partners LP's Gross Profit distribution charts can be found below:
* The bar in red indicates where Enbridge Energy Partners LP's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Enbridge Energy Partners LP's Gross Profit for the fiscal year that ended in Dec. 2017 is calculated as
Gross Profit (A: Dec. 2017 ) | = | Revenue | - | Cost of Goods Sold |
= | 2428 | - | 290 | |
= | 2,138 |
Enbridge Energy Partners LP's Gross Profit for the quarter that ended in Sep. 2018 is calculated as
Gross Profit (Q: Sep. 2018 ) | = | Revenue | - | Cost of Goods Sold |
= | 560 | - | 198 | |
= | 362 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,181 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Enbridge Energy Partners LP's Gross Margin % for the quarter that ended in Sep. 2018 is calculated as
Gross Margin % (Q: Sep. 2018 ) | = | Gross Profit (Q: Sep. 2018 ) | / | Revenue (Q: Sep. 2018 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 362 | / | 560 | |
= | 64.64 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Enbridge Energy Partners LP (NYSE:EEP) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Enbridge Energy Partners LP had a gross margin of 64.64% for the quarter that ended in Sep. 2018 => Durable competitive advantage
Thank you for viewing the detailed overview of Enbridge Energy Partners LP's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Dan Allen Westbrook | director | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
James Herbert England | director | 15687 VILLORESI WAY, NAPLES FL 34110 |
Stephen J Neyland | director, officer: Vice President | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
Mark A. Maki | director, officer: President | 425 - 1ST STREET S.W., CALGARY A0 T2P 3L8 |
William S Waldheim | director | 304 MARINA VIEW CT., LAKEWAY TX 78734 |
Laura Buss Sayavedra | director | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
Allen C Capps | officer: Controller | 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310 |
Cynthia L Hansen | officer: Sr.VP-Liquids Pipelines, Ops | 500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8 |
John K Whelen | director | 425 - 1ST STREET SW, CALGARY A0 T2P 3L8 |
D Guy Jarvis | director, officer: Exec Vice Pres.-Liquids PL | 3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8 |
C Gregory Harper | director | 185 INTERNATIONAL DRIVE, PORTSMOUTH NH 03801 |
Rebecca B Roberts | director | 1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002 |
George K Petty | director, other: Reitred Director-ret.w/n 6 mos | 1317 HANOVER PLACE, SAN LUIS OBISPO CA 93401 |
Byron C Neiles | officer: Vice President -Major Projects | 3000, 425 1ST STREET SW, CALGARY A0 T2P 3L8 |
Letwin Stephen J J | director, officer: Managing Director | HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
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