September 27, 2016 2:48 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Niska Gas Storage Partners LLC

Company Overview

Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America. The company primarily operates the AECO Hub comprising the Countess and Suffield gas storage facilities in Alberta, Canada; the Wild Goose gas storage facility in California; and the Salt Plains gas storage facility in Oklahoma. It also contracts for natural gas storage capacity in the U.S. Mid-continent. The company owns or contracts approximately 243.9 billion cubic feet of total natural gas storage capacity. It serves financial institutions, marketers, pipelines, power generators, municipalities, utilities, and producers of natural gas. Niska Gas Storage Partners LLC was founded in 2006 and is he...

170 Radnor Chester Road

Suite 150

Radnor, PA 19087

United States

Founded in 2006

121 Employees

Phone:

484-367-7432

Fax:

484-367-7780

Key Executives for Niska Gas Storage Partners LLC

Chairman, Chief Executive Officer, President and Member of Compensation Committee
Age: 62
Chief Financial Officer
Age: 59
Chief Operating Officer
Age: 55
Chief Commercial Officer and Executive Vice President
Age: 53
Vice President, General Counsel and Corporate Secretary
Age: 43
Compensation as of Fiscal Year 2016.

Niska Gas Storage Partners LLC Key Developments

Niska Gas Storage Partners LLC Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended March 31, 2016

Niska Gas Storage Partners LLC announced unaudited consolidated earnings results for fourth quarter and full year ended March 31, 2016. For the quarter, the company reported revenues of $9,144,000, loss before income taxes of $29,838,000, net loss allocated to common unit holders of $24,867,000 or $0.65 per basic and diluted share, adjusted EBITDA of $6,555,000, capital expenditures of $981,000 compared to the revenues of $6,867,000, loss before income taxes of $43,010,000, net loss allocated to common unit holders of $42,451,000 or $1.12 per basic and diluted share, adjusted EBITDA of $18,680,000, capital expenditures of $1,634,000 for the same quarter a year ago. For the year, the company reported revenues of $54,345,000, loss before income taxes of $115,105,000, net loss allocated to common unit holders of $101,470,000 or $2.67 per basic and diluted share, adjusted EBITDA of $17,065,000, capital expenditures of $3,007,000 compared to the revenues of $98,319,000, loss before income taxes of $382,312,000, net loss allocated to common unit holders of $344,304,000 or $9.34 per basic and diluted share, adjusted EBITDA of $66,667,000, capital expenditures of $5,384,000 for the previous year.

Niska Gas Storage Partners LLC Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Niska Gas Storage Partners LLC reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported revenues of $18,620,000 compared to $39,219,000 a year ago. Loss before income taxes was $25,696,000 compared to $275,258,000 a year ago. Net loss allocated to common unit holders was $20,614,000 or $0.54 per basic and diluted unit compared to $254,946,000 or $6.85 per basic and diluted unit a year ago. Adjusted EBITDA was $7,046,000 compared to $9,418,000 a year ago. Total capital expenditures were $1,141,000 compared to $1,657,000 a year ago. For the nine months, the company reported total revenues of $45,201,000 compared to $105,186,000 a year ago. Loss before income taxes was $85,267,000 compared to $339,301,000 a year ago. Net loss allocated to common unit holders was $76,603,000 or $2.02 per basic and diluted unit compared to $301,853,000 or $8.27 per basic and diluted unit a year ago. Adjusted EBITDA was $10,509,000 compared to $47,982,000 a year ago. Total capital expenditures were $2,026,000 compared to $3,750,000 a year ago.

Niska Gas Storage Partners LLC to Report Q2, 2016 Results on Nov 05, 2015

Niska Gas Storage Partners LLC announced that they will report Q2, 2016 results on Nov 05, 2015

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