|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.38 - 9.88|
|52 Week Range||9.19 - 19.64|
|PE Ratio (TTM)||18.90|
|Earnings Date||May 8, 2018 - May 14, 2018|
|Forward Dividend & Yield||1.40 (14.30%)|
|1y Target Est||14.00|
In 2018, Enbridge Energy Partners' (EEP) revenues might fall by nearly $100 million and distributable cash flow by $60 million, provided FERC's new policy is approved as has been announced.
NEW YORK, NY / ACCESSWIRE / March 19, 2018 / Energy stocks were the top gainers in the S&P 500 on Friday. Many energy stocks had their best week last week in the last two months. Southwestern Energy Company ...
The Federal Energy Regulatory Commission announced March 15 that it will change a policy regarding master limited partnerships' tax benefits. MLPs for interstate natural gas and oil pipelines will no longer be allowed to “recover an income tax allowance in cost-of-service rates,” according to a press release . The change was spurred by an appeals court decision in United Airlines Inc. v. FERC that said FERC failed to demonstrate that a pipeline operator was not receiving “double recovery” of “both an income tax allowance and a return on equity determined by the discounted cash flow methodology,” per the release.
HOUSTON, March 16, 2018 /PRNewswire/ - Enbridge Energy Partners, L.P. (EEP) (EEP or the Partnership) today provided its preliminary assessment of the potential impacts of the Federal Energy Regulatory Commission's (FERC) recent policy change with respect to the recovery of income tax amounts included in the cost of service rates of pipelines within a master limited partnership (MLP). On March 15, 2018, FERC changed its long-standing policy on the treatment of income tax amounts included in the rates of pipelines and other entities subject to cost of service rate regulation within an MLP.
Federal regulators eliminated a key tax benefit for some pipeline companies, a move that could force some pipelines to lower their rates and make it even more difficult for the struggling sector to raise ...
ST. PAUL, Minn. (AP) — Minnesota regulators approved the final environmental review Thursday for Enbridge Energy's proposal to replace its aging Line 3 crude oil pipeline in northern Minnesota, setting the stage for a final decision on the disputed project in June.
In an unprecedented move, FERC (the Federal Energy Regulatory Commission) revised its income tax policy for MLPs. MLPs, which aren’t taxed at the corporate level and which operate as pass-through entities, allocate their income to investors. To compensate investors for the income tax burden, MLPs have been receiving an income tax allowance from customers on FERC-regulated pipelines.
With a yield of 11.1%, Enbridge Energy Partners (EEP), the MLP subsidiary of Enbridge (ENB), is trading at a yield close to Buckeye Partners (BPL), which we looked at in the previous part of this series. Enbridge Energy Partners paid a distribution of $0.35 per share in 4Q17, the same as the previous quarter. Enbridge Energy Partners’ coverage ratios for 4Q17 and 2017 were 1.3x and 1.22x, respectively.