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Last $19.23 USD
Change Today -0.01 / -0.05%
Volume 734.1K
CPPL On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

columbia pipeline partners l (CPPL) Snapshot

Open
$19.03
Previous Close
$19.24
Day High
$19.31
Day Low
$19.03
52 Week High
03/3/15 - $29.00
52 Week Low
08/24/15 - $18.04
Market Cap
1.9B
Average Volume 10 Days
288.0K
EPS TTM
--
Shares Outstanding
53.8M
EX-Date
08/11/15
P/E TM
--
Dividend
$0.67
Dividend Yield
1.35%
Current Stock Chart for COLUMBIA PIPELINE PARTNERS L (CPPL)

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columbia pipeline partners l (CPPL) Details

Columbia Pipeline Partners LP, through its interests in CPG OpCo LP, engages in the natural gas transmission and storage business. It owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. The company owns approximately 15,000 miles of interstate pipelines extending from New York to the Gulf of Mexico and underground natural gas storage systems, as well as related gathering and processing assets. It serves customers in 15 northeastern, mid-Atlantic, Midwestern, and southern states; and the District of Columbia. The company provides natural gas transportation services to local distribution companies, municipal utilities, direct industrial users, electric power generators, marketers, producers, and LNG exporters. CPP GP LLC serves as the general partner of the company. Columbia Pipeline Partners LP was founded in 2007 and is based in Houston, Texas.

Founded in 2007

columbia pipeline partners l (CPPL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

columbia pipeline partners l (CPPL) Key Developments

Columbia Pipeline Partners LP Reports Predecessor Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Cash Flow Guidance for the Year 2015

Columbia Pipeline Partners LP reported predecessor earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the predecessor reported operating revenues were $315.6 million compared to $343.4 million a year ago. Operating income was $109.2 million compared to $103.2 million a year ago. Income before income taxes was $107.8 million compared to $93.2 million a year ago. Net income was $107.8 million or $0.17 basic and diluted per unit compared to $59.0 million for the prior year period. Adjusted EBITDA was $137.8 million compared to $126.2 million a year ago. Net cash flows from operating activities was $151.2 million compared to $135.0 million a year ago. Maintenance capital expenditures were $50.1 million compared to $70.7 million a year ago. For the six months, operating revenues were $654.8 million compared to $688.9 million a year ago. Operating income was $271.2 million compared to $261.7 million a year ago. Income before income taxes was $262.7 million compared to $241.4 million a year ago. Net income was $239.0 million $0.30 basic and diluted per unit compared to $151.5 million for the prior year period. Adjusted EBITDA was $335.5 million compared to $312.2 million a year ago. Net cash flows from operating activities was $324.9 million compared to $337.5 million a year ago. Capital expenditures were $430.6 million compared to $296.6 million a year ago. The company 2015 guidance for distributable cash flow of $69 million remains unchanged.

Columbia Pipeline Seeks Acquisitions

Columbia Pipeline Partners LP (NYSE:CPPL) is looking for acquisition opportunities. Columbia Pipeline believe that future internal growth projects or potential acquisitions of additional interests in Columbia OpCo will be funded primarily through borrowings under our credit facility or through issuances of debt and equity securities.

Columbia Pipeline Partners LP Declares Quarterly Distribution on Common and Subordinated Units, Payable on August 20, 2015

Columbia Pipeline Partners LP approved a quarterly distribution payment of $0.1675 per unit, payable on August 20, 2015, to both common and subordinated unit holders of record at the close of business on August 13, 2015.

 

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Industry Analysis

CPPL

Industry Average

Valuation CPPL Industry Range
Price/Earnings 10.2x
Price/Sales 1.5x
Price/Book 1.6x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful
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