NEW YORK, August 7, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Midcoast Energy Partners, L.P. (NYSE: MEP). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=MEP

Highlights from our MEP Report include: 


        
        - Q2 2015 Results - On July 29, 2015, Midcoast Energy Partners, L.P. released
          results for the second quarter of 2015. The Company generated operating revenue of
          $780.1 million, compared to $1.4 billion in Q2 2014. Operating loss for the period
          stood at $258.5 million, higher than an operating loss of $5.6 million in the same
          quarter previous year.
        - Gathering, Processing and Transportation Segment under Review - The Company's
          gathering, processing and transportation segment generated adjusted operating income
          of $4.3 million, lower than $9.6 million in prior year quarter. The decrease in
          adjusted operating income was primarily attributable to decreased segment gross margin
          resulting from lower volumes from our natural gas and NGL systems and from lower
          commodity prices.
        - Logistics and Marketing Segment Results - In Q2 2015, logistics and marketing segment
          of the Company generated adjusted operating loss of $1.7 million, compared to $3.0
          million in previous year quarter.
        - Year-to-Date Performance - In the first six months of 2015, operating revenue of the
          Company was recorded at $1.7 billion, less than $3.0 billion in the first half of
          2014. In addition, operating income declined from $6.7 million in the previous year
          period to an operating loss of $286.8 million in the first half of 2015.
        - Quarterly Distribution - Along with the results, the board of directors of the
          Company's general partner declared a quarterly cash distribution of c. $0.35 per unit,
          or $1.41 per unit on an annualized basis, on all of its outstanding common and
          subordinated units for the quarter ended June 30, 2015.
        - Views of the Management - Commenting on the road ahead, C. Gregory Harper, President
          for the Partnership said, "We continue to meaningfully progress our objectives to
          establish a more efficient and sustainable cost structure, and have also taken steps
          to further streamline our organization with the divestiture of certain non-core
          assets."

To find out how this influences our rating on Midcoast Energy Partners, L.P. read the full report in its entirety here: http://www.aciassociation.com/?c=MEP  

--

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA(R) charter holder (the "CFA(R)"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA(R) have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA(R) (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY 

ACI Association, the Author, the Reviewer and the CFA(R) (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com