Enbridge Energy Partners (EEP) Earnings Beat Estimates In Q4
Zacks Investment Research | Feb 16, 2018 01:07AM ET
Enbridge Energy Partners L.P. (NYSE:EEP) reported fourth-quarter 2017 adjusted earnings of 26 cents per unit, which came in above the Zacks Consensus Estimate of 20 cents. The bottom line also improved from the year-earlier level of 14 cents. The upside was mainly driven by higher income from the Bakken assets.
Full-year 2016 earnings of 80 cents per unit topped the Zacks Consensus Estimate of 71 cents. Enbridge Energy Partners posted earnings of 62 cents per unit in 2016.
Enbridge Energy, L.P. Price, Consensus and EPS Surprise
industry . The company’s shares have lost 13.6%, compared with the industry’s decline of 4%.
Zacks Rank & Key Picks
Enbridge Energy Partners currently carries a Zacks Rank #4 (Sell).
A few better-ranked players in the same sector are EOG Resources (NYSE:EOG) , Pioneer Natural Resources Company (NYSE:PXD) and Devon Energy (NYSE:DVN) . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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