What is Midcoast Energy Partners LP Net Debt Paydown Yield %?
Net Debt Paydown Yield % is a metric that evaluates the total amount of debt a company has paid in relation to its market capitalization. It is a measure of a company's willingness and ability to reduce its debt.
As of today, Midcoast Energy Partners LP's Net Debt Paydown Yield % was 0.00%.
Midcoast Energy Partners LP Net Debt Paydown Yield % Historical Data
* 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.
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Midcoast Energy Partners LP Net Debt Paydown Yield % Chart
Competitive Comparison of Midcoast Energy Partners LP's Net Debt Paydown Yield %
For the Oil & Gas Midstream subindustry, Midcoast Energy Partners LP's Net Debt Paydown Yield %, along with its competitors' market caps and Net Debt Paydown Yield % 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.
Midcoast Energy Partners LP's Net Debt Paydown Yield % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Midcoast Energy Partners LP's Net Debt Paydown Yield % distribution charts can be found below:
* The bar in red indicates where Midcoast Energy Partners LP's Net Debt Paydown Yield % falls into.
Midcoast Energy Partners LP Net Debt Paydown Yield % Calculation
Midcoast Energy Partners LP's Net Debt Paydown Yield % for the quarter that ended in Dec. 2016 is calculated as:
* 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.
* All the data are calculated by TTM values. Note that if a companies is traded in several exchanges, then we calculate the company level data for Net Debt Paydown Yield % using the primary share class stock data. The calculation result in definition page is for demonstration purpose only, and it's showing the share class level data. Therefore, the numbers in the calculation may differ from elsewhere if the stock is not a primary share.
Midcoast Energy Partners LP (NYSE:MEP) Net Debt Paydown Yield % Explanation
Net Debt Paydown Yield % is the change in average of four quarters of company's total debt over a company's market cap. Assuming the total value of a company remains that same, shareholder value is increased as debt is reduced. In other words, it is a measure of the willingness and ability of a firm's management to pay down debt. Companies that have high debt paydown yields indicate that they are more aggressive with paying down debt.
In the calculation of Net Debt Paydown Yield %, we use the reductions of TTM average total debt one-year-ago and TTM average total debt at present, divided by its Market Cap.
Midcoast Energy Partners LP Net Debt Paydown Yield % Related Terms
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Midcoast Energy Partners LP (Midcoast Energy Partners LP) Business Description
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.
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