Midcoast Energy Partners Revenue, Profits - MEP Annual Income Statement

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$7.95 $0.05 (0.62%) MEP stock closing price Apr 26, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Midcoast Energy Partners stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. Like any other income statement, the MEP income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue decline of -30.84% when compared to the same period in the past. The Midcoast Energy Partners profit and loss statement for 2016 shows a net profit of $-99.9M. Profits for last year was $-163.9M. Apart from this an investor should also check Midcoast Energy Partners assets and Midcoast Energy Partners free cash flow.

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Fiscal year is Jan - Dec2016201520142013201220112010
Midcoast Energy Partners Revenues or Net Sales
Cost Of Goods Sold (COGS)1.89B2.65B5.49B5.29B4.95B7.38B6.3B
Midcoast Energy Partners Gross Profit
Research & Development Expense-------
Selling General & Admin Expense77.7M94.9M104.8M98.2M105.1M81.8M63.7M
Income Before Depreciation Depletion Amortization1.79M101.79M304.09M208M306.39M362M289.49M
Depreciation Depletion Amortization154.4M384.3M151.4M142.9M135M142.7M132.5M
Non Operating Income30.9M28.9M12.9M-1.2M-0.1M2.8M3M
Interest Expense33.3M29.5M16.7M1.7M---
Midcoast Energy Partners Pretax Income
Provision for Income Taxes2M1.4M4.6M8.3M3.8M2.9M2.6M
Investment Gains Losses-------
Other Income-------
Income Before Extraordinaries & Disc Operations-157M-284.5M144.3M53.9M167.5M219.2M157.4M
Extraordinary Items & Discontinued Operations-------
Midcoast Energy Partners Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS45.2M45.2M45.2M29.2M26.7M--
Average Shares used to compute Basic EPS45.2M45.2M45.2M29.2M26.7M--
Income Before Nonrecurring Items-33.5M-8.3M-8.3M22.6M169.4M--
Income from Nonrecurring Items-66.4M-155.6M72.4M-24.4M-1.9M--
Midcoast Energy Partners Earnings Per Share Basic Net
Midcoast Energy Partners Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items-0.73-0.18-0.180.772.42--
Preferred Dividends Acc Pd-------
Dividends Common-------
Dividend Per Share Common1.431.401.
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Midcoast Energy Partners stock analysis. An investor must check the following items in an income statement:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Midcoast Energy Partners revenue chart implies that the company is growing. It has not been the case with Midcoast Energy Partners. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $-99.9M for MEP stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the MEP income statement, one can check the Midcoast Energy Partners historical stock prices to check how the price has moved with time.