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Enbridge Energy Partners Posts Loss In Q1

Enbridge Energy Partners L.P. (EEP) Tuesday reported first-quarter net loss allocable to limited partners of $112.9 million or $0.36 per share, compared to profit of $71.7 million or $0.25 per share last year.

Adjusted net income for the quarter $0.21 per share compared to $0.28 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter dropped to $1.69 billion from $1.82 billion last year.

by RTTNews Staff Writer

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