- Enbridge Energy Partners (EEP -0.1%) says it is considering a possible sale of its main U.S. natural gas business, which suffered a 51% in Q1 revenue and a higher operating loss compared with last year.
- EEP also reported a 26% drop in Q1 overall revenue to $1.06B, including $432M from natural gas from $873.5M a year ago; the natural gas segment’s operating loss rose to $29.9M from $26M, while the liquids business increased its operating profit to $301.4M from $270.2M.
- EEP says Q1 liquids pipeline systems deliveries totaled 3.3M bbl/day, 15% higher than the year-ago quarter.