January 31, 2015 4:42 PM ET

Oil, Gas and Consumable Fuels

Company Overview of JP Energy Partners LP

Company Overview

JP Energy Partners LP gathers, transports, stores, and distributes crude oil, refined products, and natural gas liquids (NGLs) in the United States. It operates Silver Dollar Pipeline System that consists of approximately 50 miles of high-pressure steel pipeline to gather crude oil for producers; and crude oil storage facility, which has an aggregate shell capacity of approximately 3.0 million barrels located in Cushing, Oklahoma. The company also owns and operates a fleet of approximately 167 crude oil gathering and transportation trucks, and approximately 30 crude oil truck injection stations and terminals; and leases crude oil storage tanks in Cushing, Oklahoma with a shell capacity of ap...

600 East Las Colinas Boulevard

Suite 2000

Irving, TX 75039

United States

Founded in 2010

Phone:

972-444-0300

Key Executives for JP Energy Partners LP

Chairman of JP Energy GP II LLC
Age: 39
Total Annual Compensation: $682.0K
Chief Financial Officer of JP Energy Gp II LLC
Age: 46
Total Annual Compensation: $127.2K
Senior Vice President of NGL Distribution and Sales - JJP Energy GP II LLC
Age: 40
Total Annual Compensation: $490.2K
Senior Vice President of Crude Oil Supply and Logistics - JP Energy GP II LLC
Age: 50
Total Annual Compensation: $376.5K
Compensation as of Fiscal Year 2013.

JP Energy Partners LP Key Developments

JP Energy Partners LP Announces First Distribution for the Fourth Quarter of 2014, Payable on February 13, 2015

JP Energy Partners LP announced that the Board of Directors of its general partner has declared a prorated cash distribution for the fourth quarter of 2014 of $0.3038 per unit. This distribution is the first declared by the partnership and corresponds to the minimum quarterly distribution of $0.3250 per unit, or $1.30 per unit on an annualized basis, prorated for the partial quarter following the closing of the partnership's initial public offering on October 7, 2014. The distribution will be paid on February 13, 2015 to all unit holders of record on February 6, 2015.

JP Energy Partners LP Presents at RBC Capital Markets MLP Conference, Nov-20-2014

JP Energy Partners LP Presents at RBC Capital Markets MLP Conference, Nov-20-2014 . Venue: The Ritz-Carlton, Dallas, Texas, United States. Speakers: Jason Patrick Barley, Chairman of JP Energy GP II LLC, Chief Executive Officer of JP Energy GP II LLC and President of JP Energy GP II LLC, Jerry Ashcroft, Chief Operating Officer, Patrick J. Welch, Chief Financial Officer of JP Energy Gp II LLC, Principal Accounting Officer of JP Energy GP II LLC and Executive Vice President of Jp Energy GP II LLC.

JP Energy Partners LP Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

JP Energy Partners LP reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $428,591,000 compared to total revenues of $564,558,000 for the same period a year ago. Operating loss was $3,362,000 compared to $3,334,000 last year. Loss from continuing operations before income taxes was $5,768,000 compared to $5,531,000 last year. Loss from continuing operations were $5,610,000 or $0.28 per basic and diluted share compared to $5,573,000 or $0.60 per basic and diluted share last year. Net loss was $5,610,000 compared to $5,637,000 last year. Net loss attributable to preferred unit holders was $766,000 compared to net income attributable to preferred unit holders of $207,000 last year. Net loss attributable to common unit holders was $6,376,000 or $0.28 per basic and diluted share compared to net loss attributable to common unit holders of $6,505,000 or $0.61 per basic and diluted share last year. Total adjusted EBITDA was $9,593,000 compared to $5,027,000 last year. The increase in adjusted EBITDA was primarily attributable to the acquisition of the Silver Dollar Pipeline System in October 2013, as well as higher adjusted gross margin in the Crude Oil Supply and Logistics segment due to favorable regional crude oil pricing differentials. For the quarter, the company reported total revenues of $1,294,405,000 compared to total revenues of $1,552,363,000 for the same period a year ago. Operating loss was $15,716,000 compared to operating income of $814,000 last year. Loss from continuing operations before income taxes was $24,801,000 compared to $5,003,000 last year. Loss from continuing operations were $24,799,000 or $1.13 per basic and diluted share compared to $5,349,000 or $1.07 per basic and diluted share last year. Net loss was $34,407,000 or $0.28 per basic and diluted share compared to $5,436,000 last year. Net loss attributable to preferred unit holders was $656,000 compared to net income attributable to preferred unit holders of $572,000 last year. Net loss attributable to common unit holders was $33,017,000 or $1.59 per basic and diluted share compared to net loss attributable to common unit holders of $11,003,000 or $1.08 per basic and diluted share last year.

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Date
Target
Private Placement
March 28, 2014
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