May 2, 2016
Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") reports adjusted EBITDA and distributable cash flow for the three months ended March 31, 2016 of $466.2 million and $244.5 million, respectively.
As previously announced, the board of directors of the delegate of the Partnership's general partner declared a quarterly cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis, on all of the Partnership's outstanding units for the quarter ended March 31, 2016. The approved distribution remains unchanged from the previous quarter and represents an increase of 2.3 percent over the first quarter of 2015. The distribution is payable on May 13, 2016, to unitholders of record at the close of business on May 6, 2016.
"The Partnership's financial results for the first quarter are in line with our expectations and supported by the record deliveries on our liquids pipeline systems."