Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $2.90 USD
Change Today +0.27 / 10.27%
Volume 4.4M
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

breitburn energy partners lp (BBEP) Snapshot

Open
$2.66
Previous Close
$2.63
Day High
$3.01
Day Low
$2.65
52 Week High
09/2/14 - $23.06
52 Week Low
08/24/15 - $2.02
Market Cap
614.0M
Average Volume 10 Days
2.7M
EPS TTM
$1.85
Shares Outstanding
211.7M
EX-Date
09/3/15
P/E TM
1.6x
Dividend
$0.50
Dividend Yield
39.38%
Current Stock Chart for BREITBURN ENERGY PARTNERS LP (BBEP)

breitburn energy partners lp (BBEP) Related Businessweek News

No Related Businessweek News Found

breitburn energy partners lp (BBEP) Details

Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States. The company’s oil, NGL, and natural gas reserves are primarily located in seven producing areas comprising the Arkansas, Louisiana, and East Texas; Michigan, Indiana, and Kentucky; Permian Basin in Texas and New Mexico; the Mid-Continent covering Oklahoma, Kansas, and the Texas Panhandle; Rockies in Wyoming; Florida and Alabama; and California. As of December 31, 2014, it had estimated proved reserves of 315.3 million barrels of oil equivalent. Breitburn GP LLC serves as the general partner of the company. Breitburn Energy Partners LP was founded in 2006 and is headquartered in Los Angeles, California.

901 Employees
Last Reported Date: 03/2/15
Founded in 2006

breitburn energy partners lp (BBEP) Top Compensated Officers

Chief Executive Officer of Breitburn GP LLC a...
Total Annual Compensation: $996.6K
President of Breitburn GP LLC and Chief Opera...
Total Annual Compensation: $718.6K
Chief Financial Officer of Officer of Breitbu...
Total Annual Compensation: $572.7K
Chief Administrative Officer of Breitburn GP ...
Total Annual Compensation: $568.4K
Compensation as of Fiscal Year 2014.

breitburn energy partners lp (BBEP) Key Developments

Breitburn Energy Partners Announces Monthly Cash Distributions for Common and Preferred Units, Payable on September 11, 2015 and October 15, 2015

Breitburn Energy Partners LP announced a cash distribution of $0.04166 per common unit for the third month attributable to the second quarter of 2015, payable on September 11, 2015, to record holders of its common units at the close of business on September 8, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. The company also announced the distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units. A cash distribution of $0.171875 per Series A Unit is payable on October 15, 2015, to record holders of its Series A Units at the close of business on September 30, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit.

Breitburn Energy Partners LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Production Results for the Second Quarter Ended June 30, 2015; Reports Impairments of Goodwill for the Second Quarter Ended June 30, 2015; Provides Earnings and Production Guidance for the Second Half of 2015; Provides Cash Flow Guidance for the Full Year of 2015

Breitburn Energy Partners LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues and other income items of $102,708,000 compared to $93,122,000 a year ago. Operating loss was $243,280,000 compared to $74,937,000 a year ago. Loss before taxes was $305,322,000 compared to $104,884,000 a year ago. Net loss attributable to common unit holders was $316,240,000 or $1.46 per basic and diluted share compared to $106,558,000 or $0.89 per basic and diluted share a year ago. Adjusted EBITDA was $162,888,000 compared to $109,977,000 a year ago. Distributable cash flow, a non-GAAP financial measure, was $58.5 million in the second quarter of 2015 compared to $60.7 million in the first quarter of 2015. The company spent about $58 million during the second quarter on oil and gas projects, most of which was allocated to the Permian Basin, the Ark-La-Tex region and enhanced oil recovery projects in Oklahoma and Florida. The increase in adjusted EBITDA was primarily due to higher oil sales revenue and lower lease operating and G&A expenses, partially offset by lower commodity derivative settlements for the quarter. For the six months, the company reported total revenues and other income items of $408,992,000 compared to $278,034,000 a year ago. Operating loss was $261,106,000 compared to $54,538,000 a year ago. Loss before taxes was $364,148,000 compared to $114,631,000 a year ago. Net loss attributable to common unit holders was $379,190,000 or $1.75 per basic and diluted share compared to $116,316,000 or $0.97 per basic and diluted share a year ago. Net cash provided by operating activities was $214,945,000 compared to $191,109,000 a year ago. Capital expenditures were $170,634,000 compared to $188,758,000 a year ago. The company reported production results for the second quarter of 2015. For the quarter, the company reported total production was 5,015 MBoe in the second quarter of 2015 compared to 5,051 MBoe in the first quarter of 2015. Average daily production was 55.1 MBoe/day in the second quarter of 2015 compared to 56.1 MBoe/day in the first quarter of 2015. Oil production decreased to 2,822 MBbl compared to 2,890 MBbl in the first quarter of 2015. NGL production increased to 483 MBbl compared to 459 MBbl in the first quarter of 2015. Natural gas production increased to 10,264 MMcfe compared to 10,211 MMcfe in the first quarter of 2015. For the quarter, the company reported impairments of goodwill of $95,947,000. The company provided production guidance for the second half of 2015. For the period, the company's total production is expected to be 9,620,000 MBoe to 10,220 MBoe. Oil production is expected to be 5,400,000 MBbl to 5,800,000 MBbl. NGL production is expected to be 850,000 MBbl to 950,000 MBbl. Natural gas production is expected to be 20,220,000 MMcfe to 20,820,000 MMcfe. The company also expects second half adjusted EBITDA to be between $315,000,000 and $240,000,000. Maintenance capital expenditures are expected to be between $315,000,000 and $240,000,000. General and administrative expenses, excluding unit-based compensation are expected to decrease to between $30 million and $32 million or approximately $3.13 per BOE based upon the midpoint of production guidance range for the second half of this year. Cash interest expense is expected to be between $95 million and $98 million, which reflects interest on both expected bank borrowings before any acquisitions and existing senior notes. Distributable cash flow to be in the range between $105 million and $135 million. For the full year, the company expects to generate approximately $100 million of excess cash from operations which it will use to reduce borrowings under its bank credit facility.

Breitburn Energy Partners Announces Monthly Cash Distributions for Common and Preferred Units

Breitburn Energy Partners LP announced a cash distribution of $0.04166 per common unit for the second month attributable to the second quarter of 2015, payable on August 14, 2015, to record holders of its common units at the close of business on August 11, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. The company also announced 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 September 15, 2015, to record holders of its Series A Units at the close of business on August 31, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit. The company has elected to pay the distribution on the Series B Units in kind by issuing additional Series B Units instead of paying a cash distribution. A distribution of 0.006666 PIK unit per Series B Unit is payable on August 17, 2015, to record holders of Series B Units at the close of business on July 31, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BBEP:US $2.90 USD +0.27

BBEP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for BBEP.
View Industry Companies
 

Industry Analysis

BBEP

Industry Average

Valuation BBEP Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BREITBURN ENERGY PARTNERS LP, please visit www.breitburn.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.