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 $56.37 USD
Change Today -0.59 / -1.04%
Volume 1.1M
MWE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

markwest energy partners lp (MWE) Snapshot

Open
$56.95
Previous Close
$56.96
Day High
$57.74
Day Low
$55.52
52 Week High
09/2/14 - $80.79
52 Week Low
08/7/15 - $53.19
Market Cap
11.2B
Average Volume 10 Days
1.4M
EPS TTM
$0.57
Shares Outstanding
191.4M
EX-Date
08/4/15
P/E TM
99.3x
Dividend
$3.68
Dividend Yield
6.42%
Current Stock Chart for MARKWEST ENERGY PARTNERS LP (MWE)

markwest energy partners lp (MWE) Related Businessweek News

No Related Businessweek News Found

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.

1,404 Employees
Last Reported Date: 02/25/15
Founded in 1988

markwest energy partners lp (MWE) Top Compensated Officers

Chairman of the Board of MarkWest Energy GP L...
Total Annual Compensation: $607.1K
Chief Financial Officer of Markwest Energy GP...
Total Annual Compensation: $398.1K
Chief Operations Officer of MarkWest Energy G...
Total Annual Compensation: $434.0K
Chief Legal Officer of Markwest Energy GP LLC...
Total Annual Compensation: $398.1K
Executive Officer of MarkWest Energy GP LLC
Total Annual Compensation: $434.0K
Compensation as of Fiscal Year 2014.

markwest energy partners lp (MWE) Key Developments

MarkWest Energy Expands Dry Gas Gathering Capabilities in Utica Shale with Energy & Minerals

MarkWest Energy announced that it is developing a new, large-scale dry gas gathering system with The Energy & Minerals Group to expand its dry gas gathering capabilities in the Utica Shale. The system will be designed to gather more than 2 billion cubic feet per day of gas. It will also be underpinned by a long-term, fee-based contract with Ascent Resources.

MarkWest Energy Eyes Acquisitions

MarkWest Energy Partners, L.P. (NYSE:MWE) is looking for acquisitions. The company has filed a Shelf Registration and intends to use the proceeds for funding working capital, capital expenditures or acquisitions.

Markwest Energy Partners, L.P. Announces Unaudited Consolidated Earnings Results and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

MarkWest Energy Partners, L.P. announced unaudited consolidated earnings results and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $459,628,000 against $518,366,000 a year ago. Income from operations was $70,353,000 against $55,626,000 a year ago. Loss before provision for income tax was $97,848,000 against income before provision for income tax of $10,108,000 a year ago. Net loss attributable to the partnership's unitholders was $101,486,000 or $0.55 basic and diluted per share against net income attributable to the partnership's unitholders of $8,977,000 or $0.05 basic and diluted per share a year ago. Net cash flow provided by operating activities was $162,404,000 against $244,450,000 a year ago. Adjusted EBITDA was $218,868,000 against $208,231,000 a year ago. Total capital expenditures were $464,355,000 against $728,216,000 a year ago. For the six months, the company reported total revenue of $926,958,000 against $1,030,842,000 a year ago. Income from operations was $122,885,000 against $127,627,000 a year ago. Loss before provision for income tax was $96,448,000 against income before provision for income tax of $38,570,000 a year ago. Net loss attributable to the partnership's unitholders was $110,569,000 or $0.60 basic and diluted per share against net income attributable to the partnership's unitholders of $21,469,000 or $0.12 diluted per share a year ago. Net cash flow provided by operating activities was $363,338,000 against $356,823,000 a year ago. Adjusted EBITDA was $448,523,000 against $395,798,000 a year ago. Total capital expenditures were $1,003,504,000 against $1,315,336,000 a year ago. For the quarter, the company reported Marcellus natural gas processed of 2,894,500 Mcf/d against 1,823,200 Mcf/d a year ago. Total NGLs fractionated was 192,500 Bbl/d against 128,100 Bbl/d year ago. Utica natural gas processed of 761,600 Mcf/d against 293,800 Mcf/d a year ago. Total NGLs fractionated was 33,900 Bbl/d against 13,500 Bbl/d year ago. Northeast natural gas processed was 278,500 Mcf/d against 281,500 Mcf/d a year ago. NGLs fractionated were 15,400 Bbl/d against 17,500 Bbl/d a year ago. For the six months, the company reported natural gas processed of 2,869,700 Mcf/d against 1,732,500 Mcf/d a year ago. Total NGLs fractionated was 186,900 Bbl/d against 123,600 Bbl/d year ago. Utica natural gas processed of 758,500 Mcf/d against 272,700 Mcf/d a year ago. Total NGLs fractionated was 34,000 Bbl/d against 12,900 Bbl/d year ago. Northeast natural gas processed was 272,300 Mcf/d against 268,600 Mcf/d a year ago. NGLs fractionated were 15,200 Bbl/d against 17,500 Bbl/d a year ago. The company provided earnings guidance for the full year of 2015. For the year, the partnership's adjusted EBITDA forecast has been narrowed to a range of $925 million to $975 million and Distributable Cash Flow has been narrowed to a range of $700 million to $750 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 remains forecasted in a range of $1.5 billion to $1.9 billion.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MWE:US $56.37 USD -0.59

MWE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ameren Corp $40.29 USD -0.78
Buckeye Partners LP $70.42 USD -0.40
Cimarex Energy Co $110.51 USD +2.76
EQT Corp $77.82 USD +0.11
Pembina Pipeline Corp C$36.50 CAD +0.91
View Industry Companies
 

Industry Analysis

MWE

Industry Average

Valuation MWE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.3x
Price/Book 2.2x
Price/Cash Flow 21.7x
TEV/Sales 2.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MARKWEST ENERGY PARTNERS LP, please visit www.markwest.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.