Midcoast Energy Partners, L.P.
Utilities · Natural Gas Transmisison & Distribution · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|---|
| Revenue | $431.9M | $873.5M | $1.65B | $1.37B | $5.36B | $10.52B |
| Operating income | −$28.4M | −$28.3M | $12.3M | $31.1M | $171.4M | $219.3M |
| Net income | −$99.9M | −$163.9M | $64.1M | $54.5M | $167.5M | $219.2M |
| Total assets | $4.92B | $5.27B | $5.75B | $6.04B | $5.67B | — |
| Total liabilities | $1.15B | $1.24B | $1.36B | $1.48B | $953.2M | — |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 22.6M | 22.6M | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2016- Operating margin
- −6.6%
- Net margin
- −23.1%
- Return on equity
- —
- Return on assets
- −2.0%
- Return on capital (ROCE)
- −0.6%
- Liabilities / assets
- 23.3%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- −50.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2016- Accruals / assets
- −6.6%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 warning● 3 good- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Enbridge Energy Co IncDirector | Apr 27, 2017 | Grant | 21.3M | $8.00 |
| Segner Edmund P IiiDirector | Apr 27, 2017 | D | 12,000 | $8.00 |
| Ivey James GDirector | Apr 27, 2017 | D | 10,000 | $8.00 |
| England James HerbertDirector | Apr 27, 2017 | D | 5,000 | $8.00 |
| Crum John ADirector | Apr 27, 2017 | D | 12,000 | $8.00 |
| Westbrook Dan AllenDirector | Apr 27, 2017 | D | 15,000 | $8.00 |
| Puckett Kerry ConnellOfficer — Vice President - Eng. & Ops. | Apr 27, 2017 | D | 8,000 | $8.00 |
| Neyland Stephen JOfficer — Vice President - Finance | Apr 27, 2017 | D | 8,270 | $8.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Director / officer change · Shareholder voteApr 28, 2017
- Director / officer changeFeb 28, 2017
- Director / officer changeFeb 21, 2017
- Results of operationsFeb 15, 2017
- Other material eventJan 31, 2017
- Other material eventJan 27, 2017
- Entered a material agreement · Regulation FD disclosureJan 27, 2017
- Results of operationsOct 31, 2016
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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