UPDATE 1-Enbridge Energy Q1 profit tops Wall Street view

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April 28 (Reuters)- Enbridge Energy Partners LP (EEP.N: Quote, Profile, Research) posted quarterly profit above Wall Street estimates, helped by high deliveries, continued growth in throughput, and heavy utilization of expanded gas treating and processing capacity.

For the first quarter, the oil and gas storage and transportation company reported net income allocable to limited partners of $91.8 million, or 99 cents per unit, compared with $31.4 million, or 40 cents per unit, a year earlier.

Operating revenue increased 42 percent to $2.44 billion.

For the quarter, the partnership posted adjusted net income of $89.4 million, or 85 cents per unit.

Analysts on average were expecting earnings of 75 cents a share, before items, on revenue of $2.03 billion, according to Reuters Estimates.

In February, Enbridge modified its Weatherford natural gas processing plant, adding about 195 million cubic feet per day (MMcfd) of processing capacity to its natural gas system.

Shares of Enbridge Energy closed up 1 percent at $49.67 Monday on the New York Stock Exchange. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Deepak Kannan)