JP Energy Partners LP owns, operates, develops, and acquires a portfolio of midstream energy assets in the United States. It operates through four segments: Crude Oil Pipelines and Storage; Crude Oil Supply and Logistics; Refined Products Terminals and Storage; and NGL Distribution and Sales. The Crude Oil Pipelines and Storage segment operates a crude oil pipeline that consists of approximately 94 miles of high-pressure steel pipeline with a capacity of approximately 130,000 barrels per day in the Permian Basin; and a crude oil storage facility with an aggregate storage capacity of approximately 3,000,000 barrels in Cushing, Oklahoma. The Crude Oil Supply and Logistics segment purchases and...
600 East Las Colinas Boulevard
Irving, TX 75039
Founded in 2010
JP Energy Partners Declares Second Quarter 2015 Cash Distribution Payable on August 14, 2015
Jul 28 15
JP Energy Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the second quarter of 2015 of $0.3250 per unit. This distribution corresponds to the minimum quarterly distribution of $0.3250 per unit, or $1.30 per unit on an annualized basis. The distribution will be paid on August 14, 2015 to all unit holders of record on August 7, 2015.
JP Energy Partners LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 13 15
JP Energy Partners LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of USD 299,286,000 compared to USD 418,667,000 for the same period a year ago. Operating income was USD 1,841,000 compared to operating loss of USD 3,458,000 last year. Income from continuing operations before income taxes was USD 687,000 compared to loss from continuing operations before income taxes of USD 8,240,000 a year ago. Income from continuing operations were USD 665,000 compared to loss from continuing operations of USD 8,183,000 a year ago. Net income allocated to common units of USD 342,000 or USD 0.02 basic and diluted incomes per common unit. Net income allocated to subordinated units of USD 323,000 or USD 0.325 basic and diluted incomes per common unit. Total adjusted EBITDA was USD 15,189,000 compared to USD 8,498,000 a year ago. Net cash provided by operating activities was USD 3,440,000. Maintenance capital expenditures was USD 990,000.
JP Energy Seeks Acquisitions
May 11 15
JP Energy Partners LP (NYSE:JPEP) is looking for acquisition opportunities. J.Patrick Barley, Chief Executive Officer of JP Energy Partners said, "We will continue to evaluate bolt-on acquisitions that are accretive for our unit holders and create value for our customers."