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Last €59.25 EUR
Change Today +1.05 / 1.80%
Volume 0.0
MWT On Other Exchanges
Symbol
Exchange
New York
As of 2:08 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

markwest energy partners lp (MWT) Snapshot

Open
€59.25
Previous Close
€58.20
Day High
€59.25
Day Low
€59.25
52 Week High
04/21/15 - €63.72
52 Week Low
05/27/14 - €45.11
Market Cap
11.9B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
186.8M
EX-Date
05/5/15
P/E TM
--
Dividend
€3.57
Dividend Yield
5.00%
Current Stock Chart for MARKWEST ENERGY PARTNERS LP (MWT)

markwest energy partners lp (MWT) Related Businessweek News

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

MarkWest Energy Partners, L.P. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015 and Capital Expenditure Guidance for the Year 2016

MarkWest Energy Partners, L.P. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of USD 467.330 million compared to USD 512.476 million a year ago. Income from operations was USD 52.532 million compared to USD 72.001 million a year ago. Income before provision for income tax was USD 1.400 million compared to USD 28.462 million a year ago. Net income was USD 5.521 million compared to USD 15.916 million a year ago. Net loss attributable to the company’s unitholders was USD 9.083 million compared to net income attributable to the company’s unit holders of USD 12.492 million a year ago. Diluted loss per share was USD 0.05 compared to diluted income per share of USD 0.07 a year ago. Net cash flow provided by operating activities was USD 200.934 million compared to USD 112.373 million a year ago. Adjusted EBITDA was USD 229.655 million compared to USD 187.567 million a year ago. Maintenance capital expenditures were USD 2.571 million compared to USD 2.746 million a year ago. Total capital expenditures were USD 539.149 million compared to USD 587.120 million a year ago. Net cash provided by operating activities was USD 200.934 million compared to USD 112.373 million a year ago. For 2015, the company's Adjusted EBITDA forecast remains in a range of USD 925 million to USD 1,025 million and DCF remains in a range of USD 700 million to USD 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. 2015 capital expenditure forecast remains unchanged in a range of USD 1.5 billion to USD 1.9 billion. The company forecast total processed volumes in 2015 will exceed 5 billion cubic feet per day. 2016 capital expenditure forecast remains unchanged at approximately USD 1.5 billion.

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.

 

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Industry Analysis

MWT

Industry Average

Valuation MWT Industry Range
Price/Earnings 100.0x
Price/Sales 5.9x
Price/Book 2.4x
Price/Cash Flow 21.1x
TEV/Sales 3.7x
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