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Midcoast Energy Partners, L.P. (MEP) Add to portfolio

1m | 3m | 6m | 1y | 2y | 5y | 10y
Price: $7.95 Metrics
OS: 22.6 M -3 % ROE
Market cap: $180 M -3 % ROIC
Net debt: $450 M 10.6 x Debt/EBITDA
EV: $630 M

 
TTM Valuation
EBITDA $42.4 M 14.9 x EV/EBITDA
EBIT ($112) M
EPS ($2.17)

Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
Revenues1,966.02,842.75,894.35,593.65,357.97,828.26,256.2
            Revenue growth-30.8%-51.8%5.4%4.4%-31.6%25.1% 
Cost of goods sold1,659.12,372.95,145.95,385.64,584.17,066.66,654.3
Gross profit306.9469.8748.4208.0773.8761.6-398.1
            Gross margin15.6%16.5%12.7%3.7%14.4%9.7%-6.4%
Selling, general and administrative   142.9 624.1 
General and administrative67.182.6104.8 105.181.81.5
EBITA-89.27.5196.878.2171.4219.3157.0
            EBITA margin-4.5%0.3%3.3%1.4%3.2%2.8%2.5%
Amortization of intangibles22.822.015.314.1   
EBIT-112.0-14.5181.564.1171.4219.3157.0
            EBIT margin-5.7%-0.5%3.1%1.1%3.2%2.8%2.5%
Pre-tax income-155.0-283.1148.962.2171.3222.1160.0
Income taxes2.01.44.68.33.82.92.6
            Tax rate  3.1%13.3%2.2%1.3%1.6%
Net income-98.0-160.562.819.764.083.8157.4
            Net margin-5.0%-5.6%1.1%0.4%1.2%1.1%2.5%
 
Diluted EPS($2.17)($3.55)$1.39$0.67$2.40$3.14 
Shares outstanding (diluted)45.245.245.229.226.726.7 
 
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.

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