Vmbook Online ordering

Oil Gas Pipelines

Enbridge Energy Partners, L.P. (EEP) is a master limited partnership (MLP) focused on the transportation, distribution, and generation of energy resources in the United States. It is a subsidiary of Enbridge Inc., a leading energy infrastructure company in North America.

Here's some general information on Enbridge Energy Partners L.P., with a focus on its net income, growth, and other key factors:

1. Net Income: EEP's net income for 2020 was $144 million, down from $424 million in 2019. This decrease was primarily due to lower volumes resulting from COVID-19 impacts and the sale of certain assets.

2. Growth: EEP's distributable cash flow (DCF) for 2020 was $534 million, compared to $721 million in 2019, mainly due to the lower net income. Over the past five years (2016-2020), EEP's DCF has been relatively stable, ranging from $516 million to $721 million.

3. Yield: EEP's current dividend yield is around 12%, reflecting the challenging market conditions and lower distributable cash flow. However, investors should carefully consider the sustainability of the distribution given the current financial performance.

4. Business Segments: EEP has three main business segments: Liquids (transportation and services for crude oil and liquids), Natural Gas (gathers, treats, processes, transports, and stores natural gas), and NGL & Renewable Energy (processes, transports, stores, and markets natural gas liquids). In 2020, liquids accounted for around 82% of EEP's DCF, while natural gas contributed 18%. The NGL & Renewable Energy segment accounted for a relatively small portion of earnings.

5. Financials: As of December 31, 2020, total long-term debt was $8.7 billion, and the debt-to-EBITDA ratio stood at 4.5x. These figures indicate a relatively high leverage compared to some peers in the industry.

6. Future Outlook: Enbridge Inc., the parent company, anticipates increased utilization of EEP's assets due to improving market conditions and announced plans for potential dropdown transactions with EEP. This may positively impact EEP's financial performance. However, ongoing uncertainty in the energy market due to the COVID-19 pandemic and fluctuating oil prices may introduce some risks.

Overall, Enbridge Energy Partners L.P. has faced headwinds in the form of lower net income and distributable cash flow due to the COVID-19 pandemic, lower oil prices, and asset divestitures. However, the partnership remains an integral part of the Enbridge Inc. family and benefits from the parent company's expertise and resource base. Investors should consider EEP's financial position and the sustainability of its distribution when making an investment decision. As always, consult a financial professional for personalized advice.