Bloomberg the Company & Products

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 $2.71 USD
Change Today -0.07 / -2.52%
Volume 289.5K
EROC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

eagle rock energy partners (EROC) Snapshot

Open
$2.76
Previous Close
$2.78
Day High
$2.78
Day Low
$2.70
52 Week High
06/30/14 - $5.25
52 Week Low
12/23/14 - $1.78
Market Cap
414.6M
Average Volume 10 Days
844.8K
EPS TTM
$-0.83
Shares Outstanding
153.0M
EX-Date
05/6/15
P/E TM
--
Dividend
$0.28
Dividend Yield
7.75%
Current Stock Chart for EAGLE ROCK ENERGY PARTNERS (EROC)

eagle rock energy partners (EROC) Related Bloomberg News

View More Bloomberg News

eagle rock energy partners (EROC) Related Businessweek News

No Related Businessweek News Found

eagle rock energy partners (EROC) Details

Eagle Rock Energy Partners, L.P., together with its subsidiaries, develops and produces oil and natural gas properties in the United States. The company also engages in ancillary gathering, compressing, treating, processing, and marketing services with respect to its production of natural gas, natural gas liquids, condensate, and crude oil. It has interests in operated and non-operated wells located in various oil and gas producing regions, such as the Mid-Continent, Alabama, Permian, and East Texas/South Texas/Mississippi. As of December 31, 2014, the company had interests in 561 gross operated productive wells and 1,217 gross non-operated wells; and proved reserves of approximately 169.1 billion cubic feet of natural gas, 11.0 million barrels of crude oil, and 13.8 million barrels of natural gas liquids. Eagle Rock Energy GP, L.P. serves as the general partner of the company. Eagle Rock Energy Partners, L.P. is based in Houston, Texas.

159 Employees
Last Reported Date: 03/2/15

eagle rock energy partners (EROC) Top Compensated Officers

Chairman of Eagle Rock Energy G&P LLC, Chief ...
Total Annual Compensation: $1.1M
Chief Financial Officer of Eagle Rock Energy ...
Total Annual Compensation: $436.1K
Senior Vice President of Upstream Operations ...
Total Annual Compensation: $1.1M
Chief Compliance Officer of Eagle Rock Energy...
Total Annual Compensation: $793.9K
Compensation as of Fiscal Year 2014.

eagle rock energy partners (EROC) Key Developments

Eagle Rock Energy Partners, L.P., Vanguard Natural Resources, LLC - M&A Call

To consider the merging of a subsidiary of Vanguard into Eagle Rock

Eagle Rock Energy Partners, L.P. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Earnings and Production Guidance for the Second Quarter and Full Year of Fiscal 2015; Announces Impairment for the First Quarter Ended March 31, 2015

Eagle Rock Energy Partners, L.P. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's total revenue was $52,122,000 compared to $45,203,000 a year ago. Operating loss was $53,326,000 compared to $3,782,000 a year ago, primarily due to lower commodity prices and a decrease in unrealized gains on commodity derivatives. Loss from continuing operations before income taxes was $58,579,000 compared to $8,825,000 a year ago. Loss from continuing operations was $57,753,000 compared to $7,960,000 a year ago. Net loss was $58,719,000 compared to $18,563,000 a year ago, driven by $68.3 million of impairment charges primarily related to the impact of lower commodity prices on the Partnership's oil and gas reserves, mainly in the Arkoma and Permian areas. Adjusted EBITDA was $25,549,000 compared to $26,096,000 a year ago, as lower realized prices were partially offset by higher production volumes and lower operating costs. Capital expenditures-maintenance related was $10,326,000 compared to $15,009,000 a year ago. For the quarter, the company's total production was 7.17 Bcfe, compared to 6.94 Bcfe in fourth quarter 2014. Average daily production was 79.7 MMcfe/d, compared to 75.4 MMcfe/d in fourth quarter 2014. Oil production decreased 2% quarter over quarter from 357 MBbl to 349 MBbl. NGL production increased 10% quarter over quarter from 298 MBbl to 327 MBbl. Natural gas production increased 4% quarter over quarter from 3.01 Bcf to 3.11 Bcf. The overall increase in production volumes was primarily due to strong production from three completed operated wells in the Golden Trend play; one completed operated, plus a number of non-operated, wells in the prolific horizontal Woodford "SCOOP" play; and other prior period adjustments. During the second quarter of 2015, the Partnership plans to spend approximately $21 million on capital expenditures, and expects $10 million to be categorized as maintenance capital expenditures and $11 million to be categorized as growth capital expenditures. Subject to results from the Partnership's drilling program, the Partnership expects production to average between 76 and 79 MMcfe/d during second quarter 2015. For full year 2015, the partnership plans to spend approximately $75 million on capital expenditures, and expects $40 million to be categorized as maintenance capital expenditures and $35 million to be categorized as growth capital expenditures. Subject to results from the Partnership's drilling program, the Partnership expects production to average between 75 and 78 MMcfe/d for full year 2015. The Partnership currently expects its quarterly General & Administrative expenses, excluding amortization of expenses related to its Long Term Incentive Plan, to average a run rate between $7.3 and $7.7 million per quarter during 2015. The Partnership expects distributable cash flow to be at or above 1.0x coverage for the full year 2015. The company also announced impairment of $68.344 million for the first quarter ended March 31, 2015.

Eagle Rock Energy Partners, L.P. Announces First Quarter 2015 Cash Distribution, Payable on May 15, 2015

Eagle Rock Energy Partners, L.P. declared that the Board of Directors approved a cash distribution for the quarter ended March 31, 2015 of $0.07 per common unit (including eligible restricted common units), equivalent to $0.28 per unit on an annualized basis. The distribution will be paid on May 15, 2015 to unitholders of record as of the close of business on May 8, 2015, and represents no change from the distribution of $0.07 per common unit paid with respect to the fourth quarter of 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EROC:US $2.71 USD -0.07

EROC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
American Midstream Partners LP $18.03 USD +0.13
Blueknight Energy Partners LP $7.90 USD -0.1105
LRR Energy LP $7.99 USD -0.08
Natural Resource Partners LP $4.20 USD -0.17
TransMontaigne Partners LP $38.69 USD +0.27
View Industry Companies
 

Industry Analysis

EROC

Industry Average

Valuation EROC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 1.3x
Price/Cash Flow 1.2x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EAGLE ROCK ENERGY PARTNERS, please visit www.eaglerockenergy.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.