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Last $5.32 USD
Change Today +0.02 / 0.38%
Volume 2.4M
BBEP On Other Exchanges
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Frankfurt
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

breitburn energy partners lp (BBEP) Key Developments

Breitburn Energy Partners LP Announces Cash Dividend for the First Quarter of 2015, Payable on June 12, 2015; Announces Distributions or Its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units and 8.0% Series B Perpetual Convertible Preferred Units Payable on July 15, 2015 and June 15, 2015 Respectively

Breitburn Energy Partners LP announced a cash distribution of $0.04166 per common unit for the third month attributable to the first quarter of 2015, payable on June 12, 2015, to record holders of its common units at the close of business on June 8, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. The company also announced distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units and 8.0% Series B Perpetual Convertible Preferred Units. A cash distribution of $0.171875 per Series A Unit, is payable on July 15, 2015, to record holders of its Series A Units at the close of business on June 30, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit. Breitburn has elected to pay the distribution on the Series B Units in kind by issuing additional Series B Units instead of paying a cash distribution. A distribution of 0.006666 PIK unit per Series B Unit is payable on June 15, 2015, to record holders of Series B Units at the close of business on May 29, 2015.

Breitburn Energy Partners L.P. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015

Breitburn Energy Partners L.P. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues and other income items of $306,284,000 against $184,912,000 a year ago. Net loss attributable to common unitholders was $62,950,000 or $0.29 per diluted share against $9,758,000 or $0.08 per diluted share a year ago. Operating loss was $17,826,000 against operating income of $20,399,000 a year ago. Loss before taxes was $58,826,000 against $9,747,000 a year ago. Net loss was $58,918,000 against $9,758,000 a year ago. Net cash provided by operating activities was $141,149,000 against $116,311,000 a year ago. Capital expenditures were $97,230,000 against $93,075,000 a year ago. Property acquisitions were $13,993,000 against $2,464,000 a year ago. Distributable cash flow, a non-GAAP financial measure, was $60.7 million in the first quarter of 2015 compared to $43.9 million in the fourth quarter of 2014. Adjusted EBITDA was $148.6 million (including $4.1 million of restructuring costs) in the first quarter of 2015 compared to $127.4 million in the fourth quarter of 2014, a 17% increase. The increase was primarily due to higher commodity derivative instrument settlements and higher production, partially offset by lower sales revenue driven by lower commodity prices. Total production was 5,051 MBoe in the first quarter of 2015 compared to 4,170 MBoe in the fourth quarter of 2014. Average daily production was 56.1 MBoe/day in the first quarter of 2015 compared to 45.3 MBoe/day in the fourth quarter of 2014. Oil production increased to 2,890 MBbl compared to 2,327 MBbl in the fourth quarter of 2014. NGL production increased to 459 MBbl compared to 368 MBbl in the fourth quarter of 2014. Natural gas production increased to 10,211 MMcf compared to 8,847 MMcf in the fourth quarter of 2014.

Breitburn Energy Partners LP to Report Q1, 2015 Results on May 05, 2015

Breitburn Energy Partners LP announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 05, 2015

Breitburn Energy Partners LP, Q1 2015 Earnings Call, May 05, 2015

Breitburn Energy Partners LP, Q1 2015 Earnings Call, May 05, 2015

Breitburn Energy Partners LP Announces Monthly Cash Distributions for Common and Preferred Units, Payable on May 15, 2015 and June 15, 2015 Respectively

Breitburn Energy Partners LP announced a cash distribution of $0.04166 per common unit for the second month attributable to the first quarter of 2015, payable on May 15, 2015, to record holders of its common units at the close of business on May 11, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. The company also announced a distributions for its 8.25% series A cumulative redeemable perpetual preferred units and 8.0% series B perpetual convertible preferred units. A cash distribution of $0.171875 per series A unit is payable on June 15, 2015, to record holders of its series A units at the close of business on May 29, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per series A unit.

 

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