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News Breaks | | | | February 13, 2013 | | 16:26 EDT |  | EEP | Enbridge Energy reports Q4 adjusted EPS 18c, consensus 26c
Reports Q4 revenue $1.77B, consensus $1.65B. The company said Q4 adjusted net income of $87.2M was $29.2M lower than the same period from the prior year primarily due to lower natural gas liquids prices and increased operating and administrative expenses. The company said, "Adjusted earnings for 2012 are not reflective of our expectations primarily as a result of weak natural gas and NGL prices that impacted our performance. While we believe natural gas and NGL fundamentals will gradually improve, we remain focused on our objective of delivering sustainable and prudent growth to our unitholders." | |
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