July 12, 2014 6:00 PM ET

Oil, Gas and Consumable Fuels

Company Overview of PVR Partners, L.P.

Company Overview

PVR Partners, L.P. gathers and processes natural gas; and manages coal and natural resource properties in the United States. Its Eastern Midstream segment provides natural gas gathering, transportation, and other related services in Pennsylvania, Ohio, and West Virginia; and owns membership interests in a joint venture that transports fresh water to natural gas producers. As of December 31, 2013, this segment owned approximately 257 miles of natural gas gathering pipelines, 68 miles of natural gas trunkline pipelines, and 42 miles of fresh water pipelines. The company’s Midcontinent Midstream segment offers natural gas gathering, processing, and other related services primarily in Oklahoma a...

Three Radnor Corporate Center

Suite 301

100 Matsonford Road

Radnor, PA 19087

United States

Phone:

610-975-8200

Key Executives for PVR Partners, L.P.

Co-President of Coal - Penn Virginia Resource GP LLC and Chief Operating Officer of Coal - Penn Virginia Resource GP LLC
Age: 59
Secretary of Penn Virginia Resource GP LLC
Vice President of Penn Virginia Resource GP LLC and Controller of Penn Virginia Resource GP LLC
Age: 48
Director of Investor Relations - Penn Virginia Resource Gp Llc
Compensation as of Fiscal Year 2014.

PVR Partners, L.P. Key Developments

PVR Partners, L.P. Announces Executive Changes

On March 21, 2014, Regency Energy Partners LP completed the acquisition of the PVR Partners, L.P. pursuant to the agreement and plan of merger, dated as of October 9, 2013, as amended, by and among the PVR Partners, L.P., PVR GP, LLC (PVR GP), Regency and Regency GP LP. Pursuant to the merger agreement, PVR Partners, L.P. was merged with and into Regency, with Regency continuing as the surviving entity. At the effective time of the Merger, the executive officers of PVR Partners, L.P. resigned from their positions, William H. Shea, Jr., President and Chief Executive Officer, Mark D. Casaday, Executive Vice President and Chief Operating Officer-Midstream, Bruce D. Davis, Jr., Executive Vice President, General Counsel and Secretary, and Robert B. Wallace, Executive Vice President and Chief Financial Officer.

PVR Partners, L.P.(NYSE:PVR) dropped from Alerian MLP Index

PVR Partners, L.P. will be removed from the Alerian MLP Index.

PVR Partners, L.P. Reports Unaudited Consolidated Earnings Results and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2013

PVR Partners, L.P. reported unaudited consolidated earnings results and operating results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of USD 291.646 million compared to USD 269.578 million a year ago. Operating income was USD 24.366 million compared to USD 16.069 million a year ago. Net loss was USD 17.639 million compared to USD 6.870 million a year ago. Diluted earnings per share were USD 0.30 compared to USD 0.37 a year ago. Net cash provided by operating activities were USD 24.333 million compared to USD 10.469 million a year ago. Additions to property, plant and equipment was USD 69.348 million compared to USD 163.926 million a year ago. Adjusted EBITDA of USD 82.4 million as compared to USD 67.8 million last year and USD 79.9 million for last quarter. For the quarter, the company reported Gathered volumes of 776 MMcfd compared to 562 MMcfd a year ago. Trunkline volumes was 820 MMcfd compared to 405 MMcfd a year ago. Daily throughput volumes were 361 MMcfd compared to 421 MMcfd a year ago. For the year, the company reported total revenues of USD 1,117.486 million compared to USD 1,007.754 million a year ago. Operating income was USD 132.683 million compared to operating loss of USD 4.597 million a year ago. Net income was USD 12.994 million compared to net loss of USD 70.622 million a year ago. Basic and diluted earnings per share were USD 0.83 compared to USD 1.43 a year ago. Net cash provided by operating activities were USD 203.446 million compared to USD 145.261 million a year ago. Additions to property, plant and equipment was USD 413.451 million compared to USD 512.375 million a year ago. Adjusted EBITDA was USD 314.5 million as compared to USD 239.0 million a year ago. For the year, the company reported Gathered volumes of 649 MMcfd compared to 389 MMcfd a year ago. Trunkline volumes was 742 MMcfd compared to 197 MMcfd a year ago. Daily throughput volumes were 379 MMcfd compared to 432 MMcfd a year ago.

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Recent Private Companies Transactions

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Date
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