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Last $66.34 USD
Change Today -0.99 / -1.47%
Volume 762.6K
MWE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

markwest energy partners lp (MWE) Snapshot

Open
$66.97
Previous Close
$67.33
Day High
$67.59
Day Low
$65.88
52 Week High
09/2/14 - $80.79
52 Week Low
01/13/15 - $54.04
Market Cap
13.2B
Average Volume 10 Days
675.0K
EPS TTM
$0.65
Shares Outstanding
186.8M
EX-Date
05/5/15
P/E TM
102.6x
Dividend
$3.64
Dividend Yield
5.40%
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.

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

markwest energy partners lp (MWE) Top Compensated Officers

Chairman of MarkWest Energy GP LLC, Chief Exe...
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 Commercial Officer of MarkWest Energy G...
Total Annual Compensation: $434.0K
Chief Legal Officer of Markwest Energy GP LLC...
Total Annual Compensation: $398.1K
Compensation as of Fiscal Year 2014.

markwest energy partners lp (MWE) Key Developments

MarkWest Energy Partners, L.P. Announces Board Changes

MarkWest Energy Partners, L.P. announced that Randy S. Nickerson, Executive Vice President and Chief Commercial Officer, will be retiring in early 2016. Mr. Nickerson's decision to retire will bring to close a remarkable career of nearly 20 years of service to the Partnership and value creation for its customers and unitholders. Until his retirement, Mr. Nickerson will continue to be supported by Scott Garner, Vice President of Corporate Development, on the development of strategic NGL downstream projects in the Northeast and, following his retirement, Mr. Nickerson will continue to provide consulting services to the company. Effective June 1, 2015, Greg S. Floerke, currently the Senior Vice President of Operations for the Northeast Region, will be promoted to the position of Executive Vice President and Chief Commercial Officer, reporting to the Chief Executive Officer. Mr. Floerke has over 25 years of experience in the energy, engineering and construction industries, including over 15 years of experience serving in senior management and executive level roles. He brings significant business development, project management, and general management experience to his new role at MarkWest. Mr. Floerke will work closely with Mr. Nickerson prior to his departure to ensure a seamless transfer of responsibilities, which will include the strategic management of existing producer relationships and the development of new commercial opportunities. As a result of these executive management changes, the responsibilities of Nancy K. Buese, Executive Vice President and Chief Financial Officer, will be expanded to include Mergers and Acquisitions and Joint Venture Management. The responsibilities of John C. Mollenkopf, Executive Vice President and Chief Operating Officer, will also be expanded to include the NGL and Gas Marketing functions. Also, David A. Fitch, currently the Vice President of Engineering for the Northeast Region will be promoted to Senior Vice President of Operations, Northeast Region replacing Mr. Floerke and John Paul Elder, currently the Director of Engineering for the Northeast Region will be promoted to Vice President Engineering, Northeast Region.

MarkWest Energy Partners Increases First Quarter Cash Distribution Payable on May 15, 2015

MarkWest Energy Partners, L.P. announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.91 per common unit for the first quarter of 2015, for an implied annual rate of $3.64 per common unit. The first quarter 2015 distribution represents an increase of $0.04 per common unit, or 4.6%, compared to the first quarter 2014 distribution and an increase of $0.01 per common unit, or 1.1%, compared to the fourth quarter 2014 distribution. The first quarter 2015 distribution is payable on May 15, 2015, to unit holders of record on May 7, 2015. The ex-dividend date is May 5, 2015.

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.

 

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Industry Analysis

MWE

Industry Average

Valuation MWE Industry Range
Price/Earnings 94.9x
Price/Sales 5.8x
Price/Book 2.4x
Price/Cash Flow 21.5x
TEV/Sales 4.1x
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