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Enbridge Energy Partners

Industry: Gas

Fortune Rank: 364

Enbridge Energy Partners, L.P. (partnership) engages in the ownership and operation of crude oil, liquid petroleum, and natural gas midstream businesses in the United States. The company has three segments: Liquids, Natural Gas, and Marketing. The Liquids segment includes Lakehead system, a common carrier pipeline, and North Dakota system, a feeder pipeline. The Lakehead system consists primarily of crude oil and liquid petroleum transportation in the Great Lakes and Midwest regions of the United States, and the Province of Ontario, Canada. The North Dakota system includes approximately 330 miles of crude oil gathering lines connected to a transportation line. The company’s Natural Gas segment operates its natural gas gathering and transmission pipelines, treating plants, and processing plants. This segment also includes the transportation of natural gas liquids, crude oil, and carbon dioxide by rail and road, and the related rail cars, trucks, and trailers. The Marketing segment provides natural gas supply, transmission, and sales services to producers and wholesale customers. The company’s customers primarily include integrated oil companies, major independent oil producers, refiners, marketers, power plants, industrial facilities, local distribution companies, large consumers seeking an alternative to their local distribution company, and shippers of natural gas. Enbridge Energy Company, Inc. serves as the general partner of the partnership. Enbridge Energy was formed in 1991 and is based in Houston, Texas.

Enbridge Energy Partners

Enbridge Energy Partners is a Fortune 500 company. In 2010 Enbridge Energy Partners was ranked number 364 on the Fortune 500 list, making it the 364th largest company in the United States when judged by revenue.

Enbridge Energy Partners achieved revenue of $5,905.40 million in 2010 and earned a profit of $316.60 million.

Enbridge Energy Partners's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 268th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $10,060 million (a change of -5 million compared to 2010) and profits of $403 million (a change of -86 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Enbridge Energy Partners would be ranked 276th rather than 364th due to its profits of $317 in 2010.

* US$ Million

• Address
  • Enbridge Energy Partners
    1100 Louisiana
    Houston
    TX
    77002
• Contact Details
  • Phone: 713-821-2000
  • Fax: 713-821-2232
  • Website: www.enbridgepartners.com
  • Stock Symbol: EEP

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