Last €51.93 EUR
Change Today -0.94 / -1.77%
Volume 50.0
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markwest energy partners lp (MWT) Snapshot

Open
€51.75
Previous Close
€52.87
Day High
€51.93
Day Low
€51.50
52 Week High
09/8/14 - €61.77
52 Week Low
05/7/14 - €44.45
Market Cap
10.2B
Average Volume 10 Days
8.0
EPS TTM
--
Shares Outstanding
184.0M
EX-Date
02/3/15
P/E TM
--
Dividend
€3.60
Dividend Yield
5.04%
Current Stock Chart for MARKWEST ENERGY PARTNERS LP (MWT)

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markwest energy partners lp (MWT) Details

MarkWest Energy Partners, L.P. is engaged in the gathering, processing, and transportation of natural gas. The company is also engaged in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil. It has presence in unconventional gas 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.

1,139 Employees
Last Reported Date: 02/26/14
Founded in 1988

markwest energy partners lp (MWT) 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 (MWT) Key Developments

MarkWest Energy Partners, L.P. Increases Quarterly Cash Distribution for the Fourth Quarter of 2014, Payable on February 13, 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 $0.90 per common unit for the fourth quarter of 2014. The fourth quarter 2014 distribution represents an increase of $0.04 per common unit, or 4.7%, compared to the fourth quarter 2013 distribution and an increase of $0.01 per common unit, or 1.1%, compared to the third quarter 2014 distribution. The fourth quarter 2014 distribution is payable February 13, 2015, to unit holders of record on February 5, 2015. The ex-dividend date is February 3, 2015.

MarkWest Energy Partners, L.P. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Year of 2014; Provides Earnings Guidance for the Year of 2015; Provides Capex Guidance for the Full Year of 2016

MarkWest Energy Partners, L.P. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $607,086,000 compared to $420,516,000 a year ago. Income from operations was $139,495,000 compared to $7,763,000 a year ago. Income before provision for income tax was $97,078,000 compared to loss before provision for income tax of $30,283,000 a year ago. Net income attributable to the partnership's unit holders was $77,434,000 or $0.41 per diluted common unit compared to net loss attributable to the partnership's unit holders of $23,604,000 or $0.17 per diluted common unit a year ago. Net cash flow provided by operating activities was $139,257,000 compared to $153,063,000 a year ago. Adjusted EBITDA was $235,519,000 compared to $153,936,000 a year ago. Distributable cash flow was $195,223,000 compared to $117,897,000 a year ago. Maintenance capital expenditures were $5,312,000 compared to $7,080,000 a year ago. Operating income before items not allocated to segments was $256.9 million, an increase of $75.0 million when compared to $181.9 million over the same period in 2013. This increase was primarily attributable to higher processing volumes. For the nine months, the company reported total revenue of $1,637,928,000 compared to $1,208,909,000 a year ago. Income from operations was $267,122,000 compared to $211,448,000 a year ago. Income before provision for income tax was $135,648,000 compared to $56,924,000 a year ago. Net income attributable to the partnership's unit holders was $98,903,000 or $0.54 per diluted common unit compared to $44,637,000 or $0.29 per diluted common unit a year ago. Net cash flow provided by operating activities was $496,080,000 compared to $330,659,000 a year ago. Adjusted EBITDA was $631,316,000 compared to $450,477,000 a year ago. Distributable cash flow was $505,402,000 compared to $356,113,000 a year ago. Maintenance capital expenditures were $15,064,000 compared to $13,175,000 a year ago. Operating income before items not allocated to segments was $694,897,000 compared to $521,067,000 a year ago. The partnership has increased its forecast of 2014 adjusted EBITDA to a range of $860 million to $880 million and has narrowed its 2014 DCF forecast to a range of $680 million to $700 million. The partnership's portion of growth capital expenditures for 2014 is forecasted in a range of $2.0 billion to $2.3 billion. Maintenance capital for 2014 is forecasted at approximately $25 million. For 2015, the partnership forecasts adjusted EBITDA in a range of $1.0 to $1.1 billion and DCF in a range of $800 million to $880 million based on its current forecast of operational volumes and prices for natural gas liquids, crude oil, natural gas, and derivative instruments currently outstanding. The partnership's portion of growth capital expenditures for 2015 is forecasted in a range of $1.8 billion to $2.3 billion. Maintenance capital for 2015 is forecasted at approximately $30 million. Additionally, its preliminary forecast for 2016 growth CapEx will be approximately $2 billion.

MarkWest Energy Partners, L.P. Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-09-2014 08:40 AM

MarkWest Energy Partners, L.P. Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-09-2014 08:40 AM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 1002, United States. Speakers: Frank M. Semple, Chairman of Markwest Energy GP LLC, Chief Executive Officer of Markwest EnergyGP LLC, President of Markwest Energy GP LLC, Chief Executive Officer of Markwest Hydrocarbon and President of Markwest Hydrocarbon, Joshua P. Hallenbeck, Vice President of Finance - Markwest Energy GP LLC and Treasurer of Markwest Energy GP LLC, Nancy K. Buese, Chief Financial Officer of Markwest Energy GP LLC and Executive Vice President of Markwest Energy GP LLC.

 

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MWT

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Valuation MWT Industry Range
Price/Earnings 100.0x
Price/Sales 5.0x
Price/Book 2.2x
Price/Cash Flow 20.9x
TEV/Sales 3.3x
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