Last $64.95 USD
Change Today +0.23 / 0.36%
Volume 843.8K
MWE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

markwest energy partners lp (MWE) Snapshot

Open
$65.08
Previous Close
$64.72
Day High
$65.30
Day Low
$63.56
52 Week High
09/2/14 - $80.79
52 Week Low
01/13/15 - $54.04
Market Cap
12.9B
Average Volume 10 Days
1.3M
EPS TTM
$0.69
Shares Outstanding
186.8M
EX-Date
02/3/15
P/E TM
94.1x
Dividend
$3.60
Dividend Yield
5.45%
Current Stock Chart for MARKWEST ENERGY PARTNERS LP (MWE)

markwest energy partners lp (MWE) Related Businessweek News

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markwest energy partners lp (MWE) Details

MarkWest Energy Partners, L.P. engages in the gathering, processing, and transportation of natural gas. The company is also involved in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil. It has presence in various natural gas resource plays, including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale, and Granite Wash formation. MarkWest Energy GP, L.L.C. serves as the general partner of the company. MarkWest Energy Partners, L.P. was founded in 1988 and is headquartered in Denver, Colorado.

Founded in 1988

markwest energy partners lp (MWE) Top Compensated Officers

Chairman of MarkWest Energy GP LLC, Chief Exe...
Total Annual Compensation: $576.5K
Chief Financial Officer of Markwest Energy GP...
Total Annual Compensation: $376.5K
Chief Operations Officer of MarkWest Energy G...
Total Annual Compensation: $411.5K
Chief Commercial Officer of MarkWest Energy G...
Total Annual Compensation: $411.5K
Executive Vice President of Markwest Energy G...
Total Annual Compensation: $376.5K
Compensation as of Fiscal Year 2013.

markwest energy partners lp (MWE) Key Developments

MarkWest Energy Partners, L.P. Provides Distribution Guidance for the Years of 2015, 2016 and 2017 to 2020

MarkWest Energy Partners, L.P. forecasts distributions of approximately $3.70 for 2015, $3.97 for 2016 and an annual growth rate of 10% for 2017 to 2020. The annualized distribution coverage ratio during the entire period is expected to be 1.0 times to 1.2 times.

MarkWest Energy Partners, L.P. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

MarkWest Energy Partners, L.P. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $538,245,000 against $453,538,000 a year ago. Income from operations was $110,098,000 against $34,495,000 a year ago. Income before provision of income tax was $66,874,000 against loss of $3,810,000 a year ago. Net income attributable to the partnership’s unitholders was $34,978,000 or $0.18 per diluted share against loss of $6,560,000 or $0.05 per diluted share a year ago. Net cash flow provided by operating activities was $172,319,000 against $104,991,000 a year ago. Distributable cash flow was $200,978,000 against $127,242,000 a year ago. Adjusted EBITDA was $242,970,000 against $155,512,000 a year ago. For the full year, the company reported total revenue of $2,176,173,000 against $1,662,447,000 a year ago. Income from operations was $377,220,000 against $245,943,000 a year ago. Income before provision of income tax was $202,522,000 against $53,114,000 a year ago. Net income attributable to the partnership’s unitholders was $133,881,000 or $0.72 per diluted share against $38,077,000 or $0.24 per diluted share a year ago. Net cash flow provided by operating activities was $668,399,000 against $435,650,000 a year ago. Distributable cash flow was $706,380,000 against $483,355,000 a year ago. Adjusted EBITDA was $874,286,000 against $605,989,000 a year ago. For 2015, the Partnership expects adjusted EBITDA in a range of $925 million to $1,025 million and DCF in a range of $700 million to $800 million based on its current forecast of operational volumes and prices for natural gas liquids, crude oil, natural gas, and derivative instruments currently outstanding. A sensitivity analysis for forecasted 2015 DCF based on changes in composite NGL prices and changes in volume assumptions is provided within the tables of this press release. The Partnership’s portion of growth capital expenditures for 2015 has been reduced and is expected in a range of $1.5 billion to $1.9 billion. The mid-point of the new 2015 capital forecast is a $350 million reduction from the previous forecast’s mid-point. Maintenance capital for 2015 is forecasted at approximately $30 million. 2016’s capital expenditure forecast has been decreased by $500 million to $1.5 billion. The Partnership forecasts distributions of approximately $3.70 for 2015, $3.97 for 2016 and an annual growth rate of 10% for 2017 to 2020. The annualized distribution coverage ratio during the entire period is expected to be 1.0 times to 1.2 times.

Enterprise Products Partners LP, Anadarko Petroleum Corp., DCP Midstream Partners LP and MarkWest Energy Partners LP Form Joint Venture

A joint venture for a natural gas liquid pipeline in Texas between Enterprise Products Partners LP and Anadarko Petroleum Corp., DCP Midstream Partners LP and MarkWest Energy Partners LP formed February 24, 2015. The 181-mile Panola NGL pipeline extends between Carthage, Texas, and Mont Belvieu, Texas, the latter of which is just outside Baytown and is home to refineries owned by Phillips 66, Irving, Texas-based Exxon Mobil Corp. and Enterprise Products.

 

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Industry Analysis

MWE

Industry Average

Valuation MWE Industry Range
Price/Earnings 90.1x
Price/Sales 5.5x
Price/Book 2.3x
Price/Cash Flow 20.8x
TEV/Sales 3.8x
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