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Enbridge Energy Partners LP (Enbridge Energy Partners LP) ROE % : 24.60% (As of Sep. 2018)


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What is Enbridge Energy Partners LP ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Enbridge Energy Partners LP's annualized net income for the quarter that ended in Sep. 2018 was $416 Mil. Enbridge Energy Partners LP's average Total Stockholders Equity over the quarter that ended in Sep. 2018 was $1,691 Mil. Therefore, Enbridge Energy Partners LP's annualized ROE % for the quarter that ended in Sep. 2018 was 24.60%.

The historical rank and industry rank for Enbridge Energy Partners LP's ROE % or its related term are showing as below:

EEP's ROE % is not ranked *
in the Oil & Gas industry.
Industry Median: 7.11
* Ranked among companies with meaningful ROE % only.

Enbridge Energy Partners LP ROE % Historical Data

The historical data trend for Enbridge Energy Partners LP's ROE % 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.

* Premium members only.

Enbridge Energy Partners LP ROE % Chart

Enbridge Energy Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 8.79 4.62 -1.50 9.81

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
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.21 -1.36 16.93 22.18 24.60

Competitive Comparison of Enbridge Energy Partners LP's ROE %

For the Oil & Gas Midstream subindustry, Enbridge Energy Partners LP's ROE %, along with its competitors' market caps and ROE % 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.


Enbridge Energy Partners LP's ROE % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enbridge Energy Partners LP's ROE % distribution charts can be found below:

* The bar in red indicates where Enbridge Energy Partners LP's ROE % falls into.



Enbridge Energy Partners LP ROE % Calculation

Enbridge Energy Partners LP's annualized ROE % for the fiscal year that ended in Dec. 2017 is calculated as

ROE %=Net Income (A: Dec. 2017 )/( (Total Stockholders Equity (A: Dec. 2016 )+Total Stockholders Equity (A: Dec. 2017 ))/ count )
=282/( (3977+1770)/ 2 )
=282/2873.5
=9.81 %

Enbridge Energy Partners LP's annualized ROE % for the quarter that ended in Sep. 2018 is calculated as

ROE %=Net Income (Q: Sep. 2018 )/( (Total Stockholders Equity (Q: Jun. 2018 )+Total Stockholders Equity (Q: Sep. 2018 ))/ count )
=416/( (1700+1682)/ 2 )
=416/1691
=24.60 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2018) net income data. ROE % is displayed in the 30-year financial page.


Enbridge Energy Partners LP  (NYSE:EEP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=416/1691
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(416 / 2240)*(2240 / 14892.5)*(14892.5 / 1691)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.57 %*0.1504*8.8069
=ROA %*Equity Multiplier
=2.79 %*8.8069
=24.60 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=416/1691
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (416 / 832) * (832 / 1008) * (1008 / 2240) * (2240 / 14892.5) * (14892.5 / 1691)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5 * 0.8254 * 45 % * 0.1504 * 8.8069
=24.60 %

Note: The net income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Enbridge Energy Partners LP ROE % Related Terms

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Enbridge Energy Partners LP (Enbridge Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Enbridge Energy Partners is a master limited partnership, formed by its general partner, Enbridge Inc. The company operates crude oil pipelines in the United States. Its crude oil infrastructure is highlighted by the Lakehead system, the U.S. portion of the Canadian Mainline pipeline system.
Executives
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

Enbridge Energy Partners LP (Enbridge Energy Partners LP) Headlines