Enbridge Energy Partners Lowers 2018 Guidance on U.S. Tax Changes
We’ve seen the first impact of U.S. tax changes on the Canadian midstream sector. Narrow-moat Enbridge Energy Partners lowered its distributable cash flow guidance to $720 million-$770 million from its previously announced guidance of $775 million-$825 million. The company expects a $55 million impact to its 2018 results.Enbridge Energy Partners reported fourth-quarter adjusted EBITDA of $430 million, a decrease of 8% from the year-ago quarter and in line with our expectations. Distributable ca...
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