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Last $6.62 USD
Change Today +0.02 / 0.30%
Volume 1.1M
BBEP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 05/4/15 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 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.

Breitburn Energy Partners L.P. Declares Common and Preferred Unit Distributions, Payable on April 17, 2015 and Payable on May 15, 2015 Respectively

Breitburn Energy Partners LP announced a cash distribution of $0.04166 per common unit for the first month attributable to the first quarter of 2015, payable on April 17, 2015, to record holders of its common units at the close of business on April 13, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. The company also announced a cash distribution for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units of $0.171875 per Series A Unit, payable on May 15, 2015, to record holders of its Series A Units at the close of business on April 30, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit.

Breitburn Seeks Acquisitions

Breitburn Energy Partners L.P. (NasdaqGS:BBEP) is seeking acquisitions. Breitburn expects to receive $1 billion in funding from investors. Breitburn intends to use net proceeds to opportunistically pursue strategic acquisitions in the current depressed commodity price environment.

Breitburn Energy Partners L.P. Presents at IPAA's OGIS New York, Apr-20-2015 11:40 AM

Breitburn Energy Partners L.P. Presents at IPAA's OGIS New York, Apr-20-2015 11:40 AM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, New York, United States.

Breitburn Energy Partners L.P. Announces Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Non-Cash Impairments for the Fourth Quarter Ended December 31, 2014

Breitburn Energy Partners L.P. announced consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues and other income items of $788,033,000 against $177,348,000 a year ago. Net income attributable to common unitholders was $401,048,000 or $2.27 per diluted share against loss of $58,792,000 or $0.52 per diluted share a year ago. Adjusted EBITDA was $127,400,000 against $109,377,000 a year ago. The increase in EBITDA was primarily due to the mid-quarter closing of the QR Energy transaction and higher commodity derivative instrument settlements, partially offset by lower sales revenue driven by lower crude oil prices and the acquisition and integration costs. Operating income was $440,286,000 against loss of $31,855,000 a year ago. Income before taxes was $404,699,000 against loss of $58,515,000 a year ago. For the full year, the company reported total revenues and other income items of $1,429,969,000 against $634,658,000 a year ago. Net income attributable to common unitholders was $411,250,000 or $3.02 per diluted share against loss of $43,671,000 or $0.43 per diluted share a year ago. Adjusted EBITDA was $473,781,000 against $370,374,000 a year ago. Net cash provided by operating activities was $357,755,000 against $257,166,000 a year ago. Capital expenditures were $417,755,000 against $266,308,000 a year ago. Property acquisitions, net of cash acquired were $401,465,000 against $1,175,817,000 a year ago. Operating income was $545,967,000 against $44,276,000 a year ago. Income before taxes was $421,243,000 against loss of $42,766,000 a year ago. For the quarter, the company reported average daily production of 49,665 Boe/d against 33,542 Boe/d a year ago. Sales volume was 4,022 million Boe against 3,163 million Boe a year ago. For the full year, the company reported average daily production of 38,670 Boe/d against 30,091 Boe/d a year ago. Sales volume was 13,956 million Boe against 10,988 million Boe a year ago. For the quarter, the company reported impairment charges of $119.566 million or $0.68 per unit against 54.012 million a year ago. The increase in non-cash impairment charges was due to the effect of decreased commodity prices on some of our higher cost oil properties.

 

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BBEP

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Valuation BBEP Industry Range
Price/Earnings 2.2x
Price/Sales 1.3x
Price/Book 0.4x
Price/Cash Flow 1.6x
TEV/Sales NM Not Meaningful
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