| Enbridge Energy Partners Beats Q3 Earnings by a Penny | |
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Enbridge Energy Partners L.P. EEP reported third-quarter 2015 adjusted earnings of 23 cents per unit, which beat the Zacks Consensus Estimate by a penny. Earnings, however, were below the year-earlier profit of 25 cents. Enbridge Energy Partners LP (EEP) - Earnings Surprise | FindTheCompany Total revenue of $1,267.7 million in the quarter plunged 34.7% from $1,942.3 million in the year-ago quarter.
Distribution
Enbridge declared quarterly cash distribution of 58.3 cents per unit ($2.2332 per unit annualized). The distribution will be paid on Nov 13 to unitholders on record at the close of business on Nov 6, 2015.
Operational Performance
Operating income in the Liquids segment rose about 9.4% to $295.1 million in the quarter from the year-earlier level of $269.7 million. The segment witnessed an increase in transportation rates and higher deliveries on liquids pipeline systems. Moreover, growth projects commissioned in 2014 and 2015 contributed significantly to the increase in revenues. Total liquids system deliveries were up approximately 6.5% year over year.
Operating income of $9.9 million in the Natural Gas segment compared favorably with the prior-year quarter operating loss of $3.2 million. The increase in adjusted operating income is mainly attributable to higher natural gas liquids production volumes on the partnership’s major systems along with higher storage margins and seasonal optimization opportunities in its NGL marketing business. Lower operating and administrative expenses related to cost-reduction measures undertaken also contributed to growth in adjusted operating income.
Ranks
Enbridge Energy carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the oil and gas sector are Natural Gas Services Group Inc. NGS, Sprague Resources LP SRLP and Seadrill Partners L.P SDLP. Each of these stocks sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ENBRIDGE EGY PT (EEP): Free Stock Analysis Report SEADRILL PTNRS (SDLP): Free Stock Analysis Report NATURAL GAS SVC (NGS): Free Stock Analysis Report SPRAGUE RESRCS (SRLP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Natural Gas Services est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Natural Gas Services est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 315,1 millions US$ (294,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 11 août 2023 à 10,00 US$, et son plus haut niveau récent le 24 avril 2024 à 24,27 US$. Natural Gas Services possède 12 982 262 actions en circulation. |