Bloomberg the Company & Products

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 $22.72 USD
Change Today -0.17 / -0.74%
Volume 2.3M
RGP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

regency energy partners lp (RGP) Snapshot

Open
$22.89
Previous Close
$22.89
Day High
$22.99
Day Low
$22.60
52 Week High
09/2/14 - $33.57
52 Week Low
01/14/15 - $20.45
Market Cap
9.5B
Average Volume 10 Days
2.6M
EPS TTM
$0.02
Shares Outstanding
411.7M
EX-Date
02/4/15
P/E TM
1,112.5x
Dividend
$2.01
Dividend Yield
8.69%
Current Stock Chart for REGENCY ENERGY PARTNERS LP (RGP)

regency energy partners lp (RGP) Related Businessweek News

No Related Businessweek News Found

regency energy partners lp (RGP) Details

Regency Energy Partners LP engages in the gathering and processing, compression, treating, and transportation of natural gas; and transportation, fractionation, and storage of natural gas liquids (NGLs). It operates in Gathering and Processing, Natural Gas Transportation, NGL Services, Contract Services, and Natural Resources segments. The Gathering and Processing segment transports raw natural gas from the wellhead through gathering systems; processes raw natural gas to separate NGLs; sells or delivers pipeline-quality natural gas and NGLs to various markets and pipeline systems; gathers oil; gathers and disposes salt water; and markets and trades in natural gas and NGL. The Natural Gas Transportation segment owns a 450 mile intrastate pipeline that delivers natural gas from northwest Louisiana to downstream pipelines and markets; a 500-mile interstate natural gas pipeline stretching from southeast Oklahoma through northeast Texas, northern Louisiana, and central Mississippi to an interconnect with the Transcontinental Gas Pipe Line system in Butler, Alabama; and a 10-mile interstate pipeline that extends from Harrison County, Texas to Caddo Parish, Louisiana. The NGL Services segment owns midstream energy assets, including NGL pipelines, storage, fractionation, and processing facilities located in Texas, New Mexico, Mississippi, and Louisiana. The Contract Services segment owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems; and owns and operates a fleet of equipment that provide treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and BTU management. The Natural Resources segment manages coal and natural resources properties; and engages in other land management activities, such as selling standing timber and leasing coal-related infrastructure facilities. The company was founded in 2003 and is headquartered in Dallas, Texas.

Founded in 2003

regency energy partners lp (RGP) Top Compensated Officers

Chief Executive Officer of Regency Gp Llc - G...
Total Annual Compensation: $1.4M
Chief Financial Officer of Regency Gp Llc and...
Total Annual Compensation: $717.7K
Executive Vice President of Operations - Rege...
Total Annual Compensation: $575.0K
Chief Commercial Officer of Regency GP LLC an...
Total Annual Compensation: $613.8K
Senior Vice President of Regency Gp Llc, Gene...
Total Annual Compensation: $576.6K
Compensation as of Fiscal Year 2014.

regency energy partners lp (RGP) Key Developments

Regency Energy Partners LP Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Changes for the Fourth Quarter; Provides Capital Expenditure Guidance for the Year

Regency Energy Partners LP reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues were $1,427 million against $677 million a year ago. Operating loss was $218 million against operating income of $12 million a year ago. Loss before income taxes was $258 million against profit before income taxes of $2 million a year ago. Loss attributable to the company was $261 million against $1 million a year ago. Basic loss per common unit was $0.67 against $0.03 a year ago. EBITDA was $353 million against $127 million a year ago. Adjusted EBITDA was $318 million against $160 million a year ago. Net cash flows provided by operating activities was $149 million against $59 million a year ago. Maintenance capital expenditures were $37 million against $18 million a year ago. For the year, the company reported revenues were $4,951 million against $2,521 million a year ago. Operating loss was $17 million against operating income of $55 million a year ago. Loss before income taxes was $139 million against profit before income taxes of $26 million a year ago. Loss attributable to the company was $157 million against profit attributable to the company of $19 million a year ago. Basic loss per common unit was $0.57 against EPS of $0.17 a year ago. EBITDA was $1,076 million against $477 million a year ago. Adjusted EBITDA was $1,172 million against $608 million a year ago. Net cash flows provided by operating activities were $719 million against $436 million a year ago. Maintenance capital expenditures were $101 million against $48 million a year ago. For the fourth quarter, the company's goodwill impairment was $370 million. For the year 2015, the company expects to invest approximately $1.6 billion in growth capital expenditures, of which $1 billion is related to the Gathering and Processing segment, $400 million is related to the NGL Services segment and $200 million is related to the Contract Services segment.

Shareholders Foundation, Inc Announces Lawsuit Against Acquisition of Regency Energy Partners LP

The Shareholders Foundation Inc. announced that an investor, who currently holds units of Regency Energy Partners LP, filed a lawsuit in effort to stop the proposed takeover of the company by Energy Transfer Partners, L.P. for a value of $26.89 per RGP unit. Investors, who purchased units of the company prior to January 26, 2015, and currently hold any of those RGP units, have certain options and should contact the Shareholders Foundation Inc. The plaintiff alleges that the defendants breached their fiduciary duties owed to RGP stockholders by agreeing to sell the company too cheaply via an unfair process to Energy Transfer Partners, L.P. On January 26, 2015, Energy Transfer Partners, L.P. and the company announced they have entered into a definitive merger agreement. Under the terms of the merger agreement, the unit holders of the company will receive 0.4066 Energy Transfer Partners, L.P. common units and a cash payment of $0.32 for each common unit of the company implying an all in price for the company common units of $26.89 per unit based on Energy Partners LP's closing price on January 23, 2015. However, the plaintiff claims that given Regency Energy Partners' recent strong performance as well as its future growth prospects, the proposed consideration unit holders will receive is grossly inadequate and undervalues the company Indeed, at least one analyst has set the high target price for NYSE RGP units at $34.00 and RGP units traded as recently as September 2014 as high as $33.57. In addition, the plaintiff claims that the process is also unfair to RGP unit holders. The plaintiff alleges that the defendants have exacerbated their breaches of fiduciary duty by agreeing to lock up the merger with deal protection devices, such as a strict no-solicitation provision, a matching rights provision, and a $450 million termination fee provision, that preclude other bidders from making a successful competing offer for the company.

Regency Energy Partners Announces Fourth Quarter Distribution Payable on February 13, 2015

Regency Energy Partners LP announced a cash distribution of $0.5025 per outstanding common unit for the fourth quarter ended December 31, 2014. The fourth quarter distribution is equivalent to $2.01 per outstanding common unit on an annual basis. The distribution will be paid on February 13, 2015, to unitholders of record at the close of business on February 6, 2015. Under the terms of the Series A Preferred Units, a quarterly cash distribution of $0.445 per unit for the fourth quarter ended December 31, 2014, will be paid on February 13, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RGP:US $22.72 USD -0.17

RGP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ameren Corp $41.92 USD -0.40
Buckeye Partners LP $80.17 USD +0.42
Murphy Oil Corp $47.93 USD -0.14
Range Resources Corp $61.28 USD -0.08
Southwestern Energy Co $25.94 USD +0.16
View Industry Companies
 

Industry Analysis

RGP

Industry Average

Valuation RGP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow 27.1x
TEV/Sales 0.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact REGENCY ENERGY PARTNERS LP, please visit www.regencyenergy.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.