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 LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year Ending December 31, 2015
Mar 11 15
JP Energy Partners LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $399,229,000 compared to $549,870,000 for the same period a year ago. Operating loss was $16,526,000 compared to $5,258,000 last year. Loss from continuing operations before income taxes was $18,314,000 compared to $7,828,000 last year. Loss from continuing operations were $18,616,000 or $0.28 per basic and diluted share compared to $7,690,000 or $0.60 per basic and diluted share last year. Net loss was $18,616,000 compared to $8,785,000 last year. Net loss attributable to common unit holders was $9,293,000 or $0.51 per basic and diluted share. Total adjusted EBITDA was $10,016,000 compared to $5,410,000 last year.
For the year, the company reported total revenues of $1,693,634,000 compared to $2,102,233,000 for the same period a year ago. Operating loss was $32,242,000 compared to $4,444,000 last year. Loss from continuing operations before income taxes was $43,115,000 compared to $12,831,000 last year. Loss from continuing operations were $43,415,000 or $1.13 per basic and diluted share compared to $13,039,000 or $1.07 per basic and diluted share last year. Net loss was $53,023,000 or $0.28 per basic and diluted share compared to $14,221,000 last year. Total adjusted EBITDA was $31,651,000 compared to $34,284,000 last year.
The company expects Adjusted EBITDA of $50 million to $60 million and maintenance capital expenditures of approximately $5.9 million for the year ending December 31, 2015. Organic growth capital expenditures are estimated to range from $75 million to $100 million, with the substantial majority of these investments to be made on Silver Dollar Pipeline system.
JP Energy Partners LP to Report Q4, 2014 Results on Mar 11, 2015
Feb 27 15
JP Energy Partners LP announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 11, 2015