How were Enbridge Energy Partners' earnings last quarter?

Enbridge Energy Partners, L.P. (NYSE:EEP) issued its quarterly earnings data on Thursday, November, 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The pipeline company earned $560 million during the quarter, compared to analysts' expectations of $568.11 million. Enbridge Energy Partners had a trailing twelve-month return on equity of 5.92% and a net margin of 9.39%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share.

Is Enbridge Energy Partners a good dividend stock?

Enbridge Energy Partners (NYSE:EEP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 13.42%. EEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EEP will have a dividend payout ratio of 166.67% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for EEP .

What other stocks do shareholders of Enbridge Energy Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge Energy Partners investors own include Energy Transfer (ET) , Enbridge (ENB) , Enterprise Products Partners (EPD) , Plains All American Pipeline (PAA) , AT&T (T) , Energy Transfer Equity (ETE) , Kinder Morgan (KMI) , Kratos Defense & Security Solutions (KTOS) , Alliance Resource Partners (ARLP) and Intel (INTC) .

NYSE:EEP

Enbridge Energy Partners (EEP) Stock Price, News & Analysis

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Today's Range: $10.43
▼
$10.43
50-Day Range: N/A
52-Week Range: $8.89
▼
$15.56

Volume: N/A
Average Volume: 6.89 million shs
Market Capitalization: $3.41 billion

P/E Ratio: 13.04
Dividend Yield: 13.42%
Price Target: N/A

Stock Analysis

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Enbridge Energy Partners MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -5.64
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 13.51%
From $0.74 to $0.84 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.84 out of 5 stars

Oils/Energy Sector

232nd out of 246 stocks

Pipelines, Except Natural Gas Industry

10th out of 11 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Enbridge Energy Partners.

N/A

Short Interest

Short Interest
There is no current short interest data available for EEP.

1.7

Dividend Strength

Dividend Leadership
Enbridge Energy Partners is a leading dividend payer. It pays a dividend yield of 13.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Enbridge Energy Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Enbridge Energy Partners is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Enbridge Energy Partners will have a dividend payout ratio of 166.67% in the coming year. This indicates that Enbridge Energy Partners may not be able to sustain their current dividend.

1.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Enbridge Energy Partners has received a -46.00% net impact score from Upright. The largest negative impact of Enbridge in category "GHG emissions" seems to be driven mostly by its "Oil distribution", "Natural gas distribution", and "Refined natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for Enbridge Energy Partners is -5.64.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Enbridge Energy Partners this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enbridge Energy Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
44.97% of the stock of Enbridge Energy Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Enbridge Energy Partners are expected to grow by 13.51% in the coming year, from $0.74 to $0.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enbridge Energy Partners is 13.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enbridge Energy Partners is 13.04, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.47.
Price to Book Value per Share Ratio
Enbridge Energy Partners has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Enbridge Energy Partners Stock (NYSE:EEP)

Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States. The company's Lakehead system consists of approximately 4,212 miles of pipe and 74 pump stations located in the Great Lakes and Midwest regions of the United States. Its North Dakota crude oil system comprises approximately 660 miles, has 12 pump stations, delivery points, and storage facilities; and Mid-Continent system includes approximately 20 million barrels of storage capacity. The company serves integrated oil companies, independent oil producers, refiners, and marketers. Enbridge Energy Company, Inc. operates as a general partner of Enbridge Energy Partners, L.P. The company was formerly known as Lakehead Pipe Line Partners, L.P. and changed its name to Enbridge Energy Partners, L.P. in 2001. Enbridge Energy Partners, L.P. was founded in 1991 and is headquartered in Houston, Texas.

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EEP Stock News Headlines

April 10, 2024 | bizjournals.com

Enterprise Products Partners receives deepwater port license for major terminal project

February 5, 2024 | benzinga.com

Enbridge's 'Once-In-A-Generation Opportunity' Triggers Golden Cross Ahead Of Q4 Earnings

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

February 5, 2024 | seekingalpha.com

Enterprise Products Partners Vs. Enbridge: One Of Them Is A Better Buy

January 10, 2024 | businesswire.com

Fox Squirrel 3

November 17, 2023 | seekingalpha.com

Better High Yield Buy: Energy Transfer Or Enbridge?

November 15, 2023 | benzinga.com

EDF Renewables North America Expands Partnership with Enbridge

September 7, 2023 | msn.com

Enbridge And Dominion Gas Utilities: Turning Great Assets Into A Lose-Lose Deal

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

May 31, 2023 | finance.yahoo.com

NEP - NextEra Energy Partners, LP

April 19, 2023 | wsj.com

Enbridge Energy Management L.L.C. Pfd. Series D

March 7, 2023 | msn.com

CERAWEEK-Enbridge expected to supply more Gulf Coast LNG export facilities - CEO

February 24, 2023 | finanznachrichten.de

Enbridge: The Case for Canadian Liquefied Natural Gas

February 10, 2023 | msn.com

UPDATE 2-N. American pipeline operator Enbridge swings to loss on $1.86 bln charge

January 9, 2023 | seekingalpha.com

Enbridge: Buy This Strong 6.6% Midstream Yield

December 2, 2022 | msn.com

Enbridge (ENB) Offers Financial Guidance, Hikes Dividend

December 2, 2022 | msn.com

Judge orders Enbridge, tribe to form emergency pipeline plan

November 4, 2022 | seekingalpha.com

Enbridge Inc. (ENB) Q3 2022 Earnings Call Transcript

October 19, 2022 | msn.com

Feds: Enbridge can stop some internal pipeline crack inspections on Line 5 for next 15 years

October 3, 2022 | detroitnews.com

Enbridge names Greg Ebel as next CEO, to succeed Al Monaco

September 14, 2022 | msn.com

Judge: Enbridge ‘trespassing,' Line 5 to remain open

September 9, 2022 | msn.com

Judge orders ‘trespassing’ Enbridge to pay Bad River

August 6, 2022 | msn.com

3 No-Brainer Energy Stocks to Buy in August

July 28, 2022 | msn.com

Enbridge solar farms to be constructed in Portage, Adams

June 19, 2022 | msn.com

Enbridge expert: No jump in gas prices with Line 5 replacement

May 10, 2022 | benzinga.com

Permex Petroleum Appoints Greg Montgomery as Chief Financial Officer and Announces Resignation of Director

May 6, 2022 | seekingalpha.com

Enbridge to develop hydrogen, ammonia export plant in Texas

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Company Calendar

Last Earnings: 11/01/2018
Today: 4/16/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Pipelines, Except Natural Gas
Sub-Industry: N/A
Current Symbol: NYSE:EEP
CUSIP: N/A
CIK: 880285
Web: www.enbridgepartners.com
Phone: 713-627-5400
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.80
Trailing P/E Ratio: 13.04
Forward P/E Ratio: 14.09
P/E Growth: N/A
Net Income: $282 million
Net Margins: 9.39%
Pretax Margin: N/A
Return on Equity: 5.92%
Return on Assets: 2.70%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 0.27
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: $2.43 billion
Price / Sales: 1.40
Cash Flow: $1.80 per share
Price / Cash Flow: 5.79
Book Value: $15.24 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 326,520,000
Free Float: N/A
Market Cap: $3.41 billion
Optionable: Optionable
Beta: 1.29

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Key Executives

Mr. Mark Andrew Maki (Age 53)
Pres, Principal Exec. Officer & Director of Enbridge Energy Company, Inc.
Mr. Christopher James Johnston (Age 48)
VP of Fin. & Principal Financial Officer - Enbridge Energy Company, Inc.
Mr. D. Guy Jarvis (Age 54)
Exec. VP of Liquids Pipelines & Director - Enbridge Energy Company, Inc.
Mr. David Wayne Bryson (Age 51)
Sr. VP of Liquids Pipelines, Operations - Enbridge Energy Company Inc.
Mr. Stephen J. Neyland (Age 50)
VP & Director of Enbridge Energy Company, Inc.

Key Competitors

View All Competitors

EEP Stock Analysis - Frequently Asked Questions

How were Enbridge Energy Partners' earnings last quarter?: Enbridge Energy Partners, L.P. (NYSE:EEP) issued its quarterly earnings data on Thursday, November, 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The pipeline company earned $560 million during the quarter, compared to analysts' expectations of $568.11 million. Enbridge Energy Partners had a trailing twelve-month return on equity of 5.92% and a net margin of 9.39%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share.
Is Enbridge Energy Partners a good dividend stock?: Enbridge Energy Partners (NYSE:EEP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 13.42%. EEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EEP will have a dividend payout ratio of 166.67% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EEP.
What other stocks do shareholders of Enbridge Energy Partners own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge Energy Partners investors own include Energy Transfer (ET), Enbridge (ENB), Enterprise Products Partners (EPD), Plains All American Pipeline (PAA), AT&T (T), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Kratos Defense & Security Solutions (KTOS), Alliance Resource Partners (ARLP) and Intel (INTC).

This page (NYSE:EEP) was last updated on 4/16/2024 by MarketBeat.com Staff

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Enbridge Energy Partners (EEP) Stock Price, News & Analysis

Enbridge Energy Partners MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About Enbridge Energy Partners Stock (NYSE:EEP)

EEP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

EEP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™