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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 : 4/10

vs
industry
vs
history
Cash-to-Debt 0.01
MEP's Cash-to-Debt is ranked lower than
95% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 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: No Debt Max: No Debt
Current: 0.01
Equity-to-Asset 0.30
MEP's Equity-to-Asset is ranked lower than
69% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.41 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
Debt-to-Equity 0.56
MEP's Debt-to-Equity is ranked higher than
73% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. MEP: 0.56 )
Ranked among companies with meaningful Debt-to-Equity only.
MEP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21  Med: 0.48 Max: 0.56
Current: 0.56
0.21
0.56
Debt-to-EBITDA 25.11
MEP's Debt-to-EBITDA is ranked lower than
99% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.66 vs. MEP: 25.11 )
Ranked among companies with meaningful Debt-to-EBITDA only.
MEP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.14  Med: 2.01 Max: 25.11
Current: 25.11
-7.14
25.11
Piotroski F-Score: 5
Altman Z-Score: 0.34
Beneish M-Score: -2.84
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 : 4/10

vs
industry
vs
history
Operating Margin % -7.76
MEP's Operating Margin % is ranked lower than
93% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.34 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
91% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.29 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
89% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.81 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
87% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.92 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
90% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.97 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
95% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -6.00 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
94% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.60 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 6 Warning Signs with Midcoast Energy Partners LP MEP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» MEP's 30-Y Financials

Financials (Next Earnings Date: 2018-02-15 Est.)


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

» Details

Guru Trades

MEP Guru Trades in

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
Q1 2017

MEP Guru Trades in Q1 2017

T Boone Pickens Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with MEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
T Boone Pickens 2017-03-31 Sold Out 0.14%$7.15 - $8.75 $ 7.95-0%0
T Boone Pickens 2016-12-31 New Buy0.14%$5.9 - $8.84 $ 7.957%62,554
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 213112    SIC: 1389
Compare:TSXV:TWM, NYSE:ARCX, OVSE:AMG1L, BSE:COTE, OSL:SIOFF, NAS:BKEP, ASX:LNG, AMEX:SNMP, TSE:9386, HKSE:01192, NYSE:GLP, NYSE:SGU, NAS:MMLP, BKK:SGP, HKSE:00681, NAS:GPP, OSL:EPIC-ME, NYSE:TLP, SGX:FQ7, TSXV:MCR » 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 0.24
MEP's PB Ratio is ranked higher than
98% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.85 vs. MEP: 0.24 )
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: 0.24
0.11
0.66
PS Ratio 0.18
MEP's PS Ratio is ranked higher than
96% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.74 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 2.25
MEP's Price-to-Free-Cash-Flow is ranked higher than
97% of the 68 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.06 vs. MEP: 2.25 )
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: 6.94 Max: 33.43
Current: 2.25
1.77
33.43
Price-to-Operating-Cash-Flow 1.58
MEP's Price-to-Operating-Cash-Flow is ranked higher than
97% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.16 vs. MEP: 1.58 )
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: 2.17 Max: 10.11
Current: 1.58
0.85
10.11
EV-to-EBIT -28.52
MEP's EV-to-EBIT is ranked lower than
99.99% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.49 vs. MEP: -28.52 )
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: -28.52
-43.5
1291.9
EV-to-EBITDA 106.57
MEP's EV-to-EBITDA is ranked lower than
95% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.28 vs. MEP: 106.57 )
Ranked among companies with meaningful EV-to-EBITDA only.
MEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -29.9  Med: 22.25 Max: 124.5
Current: 106.57
-29.9
124.5
EV-to-Revenue 1.77
MEP's EV-to-Revenue is ranked higher than
83% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.13 vs. MEP: 1.77 )
Ranked among companies with meaningful EV-to-Revenue only.
MEP' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.6  Med: 0.8 Max: 1.9
Current: 1.77
0.6
1.9
Shiller PE Ratio 14.65
MEP's Shiller PE Ratio is ranked higher than
80% of the 45 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.39 vs. MEP: 14.65 )
Ranked among companies with meaningful Shiller PE Ratio only.
MEP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.75  Med: 13.6 Max: 15.46
Current: 14.65
8.75
15.46
Current Ratio 0.47
MEP's Current Ratio is ranked lower than
90% of the 109 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 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.94 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
76% of the 84 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.86 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
97% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.36 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
97% of the 77 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 38.13 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
95% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.54 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
97% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.88 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
86% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.11 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 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.70 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
98% of the 49 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.13 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
76% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.03 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: 1.41
Current: 1.41
0.51
1.41
Earnings Yield (Greenblatt) % -3.51
MEP's Earnings Yield (Greenblatt) % is ranked lower than
92% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.68 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: -8.4  Med: -2.3 Max: 4.3
Current: -3.51
-8.4
4.3

More Statistics

Revenue (TTM) (Mil) $1,966.00
EPS (TTM) $ -2.17
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

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAN
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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