Midcoast Energy Partners Revenue, Profits - MEP Quarterly Income Statement

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

Looking at financial statements, along with the Midcoast Energy Partners stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 486M to 620.5M and how operating and non operating activities have impacted the MEP stock. The operating expenses as shown in the Midcoast Energy Partners profit and loss statement for 2016 Q4 total to $52.1M. This line item shows that the operating expenses has decreased compared with last year. Also check: Midcoast Energy Partners assets and Midcoast Energy Partners free cash flow.

View and download details of revenue and profits for Midcoast Energy Partners for latest & last 40 quarters.
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Fiscal year is Jan - Dec2016 Q42016 Q32016 Q22016 Q12015 Q4
Midcoast Energy Partners Revenues or Net Sales
620.5M486M427.6M431.9M528.1M
Cost Of Goods Sold (COGS)601.4M458.9M421M405.2M466.7M
Midcoast Energy Partners Gross Profit
19.1M27.1M6.6M26.69M61.41M
Research & Development Expense-----
Selling General & Admin Expense16.4M18.2M27.5M15.6M21.5M
Income Before Depreciation Depletion Amortization2.7M8.9M-20.9M11.09M39.91M
Depreciation Depletion Amortization35.7M39.2M40M39.5M39.5M
Non Operating Income8.6M8.4M6.6M7.3M8.6M
Interest Expense8.3M8.5M8.2M8.3M8M
Midcoast Energy Partners Pretax Income
-32.7M-30.4M-62.5M-29.4M1M
Provision for Income Taxes-0.1M----
MinorityInterest-10.4M-10.4M-26.2M-10.1M4.8M
Investment Gains Losses-----
Other Income-----
Income Before Extraordinaries & Disc Operations-22.2M-20.7M-36M-19.8M-3.8M
Extraordinary Items & Discontinued Operations-----
Midcoast Energy Partners Profit/ Loss (Net Income)
-22.2M-20.7M-36M-19.8M-3.8M
Average Shares used to compute Diluted EPS45.2M45.2M45.2M45.2M45.2M
Average Shares used to compute Basic EPS45.2M45.2M45.2M45.2M45.2M
Income Before Nonrecurring Items-8.6M-11.6M-7.7M-5.2M-1.8M
Income from Nonrecurring Items-13.6M-9.1M-28.3M-14.6M-2M
Midcoast Energy Partners Earnings Per Share Basic Net
-0.48-0.45-0.79-0.44-0.08
Midcoast Energy Partners Earnings Per Share Diluted Net
-0.48-0.45-0.79-0.44-0.08
EPS Diluted Before Nonrecurring Items-0.19-0.25-0.16-0.12-0.04
Preferred Dividends Acc Pd-----
Dividends Common-----
Dividend Per Share Common0.360.360.360.360.36
All figures in USD. M: Millions of USD, B: Billions of USD.

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Before investing one should read a report on Midcoast Energy Partners stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Midcoast Energy Partners revenue chart, as is the case with Midcoast Energy Partners indicates a growing business. One needs to compare the QoQ topline or sales growth of MEP stock with its peers like CAPL stock and SRLP stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $-22.2M for Midcoast Energy Partners for 2016 Q4. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

The income statement is also called statement of revenue and expense. The MEP financials along with Midcoast Energy Partners historical stock prices provide a lot of details about the firm.