Last $22.16 USD
Change Today +0.25 / 1.14%
Volume 652.0K
BBEP On Other Exchanges
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As of 4:30 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

breitburn energy partners lp (BBEP) Snapshot

Open
$21.93
Previous Close
$21.91
Day High
$22.22
Day Low
$21.84
52 Week High
07/23/14 - $23.15
52 Week Low
10/1/13 - $17.10
Market Cap
2.7B
Average Volume 10 Days
1.0M
EPS TTM
$-0.83
Shares Outstanding
119.6M
EX-Date
07/9/14
P/E TM
--
Dividend
$2.01
Dividend Yield
8.95%
Current Stock Chart for BREITBURN ENERGY PARTNERS LP (BBEP)

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breitburn energy partners lp (BBEP) Details

BreitBurn Energy Partners L.P., an independent oil and gas company, acquires, explores, and develops oil, natural gas liquids (NGLs), and gas properties in the United States. The company’s oil, NGL, and natural gas properties are primarily located in the Antrim Shale and other non-Antrim formations in Michigan; the Oklahoma Panhandle, the Permian Basin in Texas; the Evanston, Green River, Wind River, Big Horn, and Powder River Basins in Wyoming; the Los Angeles and San Joaquin Basins in California; the Sunniland Trend in Florida; and the New Albany Shale in Indiana and Kentucky. As of December 31, 2013, the company had proved reserves of 214.3 million barrels of oil equivalent. BreitBurn GP, LLC serves as the general partner of BreitBurn Energy Partners L.P. The company was founded in 2006 and is headquartered in Los Angeles, California.

563 Employees
Last Reported Date: 02/28/14
Founded in 2006

breitburn energy partners lp (BBEP) Top Compensated Officers

Chief Executive Officer of Breitburn GP LLC a...
Total Annual Compensation: $882.4K
President of Breitburn GP LLC and Chief Opera...
Total Annual Compensation: $626.7K
Chief Financial Officer of BreitBurn GP LLC a...
Total Annual Compensation: $515.4K
Chief Administrative Officer of BreitBurn GP ...
Total Annual Compensation: $512.2K
Senior Vice President of Breitburn GP LLC
Total Annual Compensation: $444.7K
Compensation as of Fiscal Year 2013.

breitburn energy partners lp (BBEP) Key Developments

Breitburn Energy Partners LP Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings and Production Guidance for the Second Half of 2014

Breitburn Energy Partners LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues and other income items of $93.12 million compared to $216.98 million a year ago. Operating loss was $74.94 million compared to operating income of $95.42 million a year ago. Loss before taxes was $104.88 million compared to income before taxes of $77.01 million a year ago. Net loss attributable to common unit holders was $106.56 million or $0.89 per basic and diluted share compared to net income attributable to common unit holders of $76.43 million or $0.75 per basic and diluted share a year ago. The company drilled and completed 33 gross (30.4 net) wells and completed 14 gross (13.7 net) work overs. Adjusted EBITDA, a non-GAAP financial measure, was $110.0 million, which represents a 30% increase from the second quarter of 2013. For the six months, the company reported total revenues and other income items of $278.03 million compared to $313.93 million a year ago. Operating loss was $54.54 million compared to operating income of $77.57 million a year ago. Loss before taxes was $114.63 million compared to income before taxes of $40.74 million a year ago. Net loss attributable to common unit holders was $116.32 million or $0.97 per basic and diluted share compared to net income attributable to common unit holders of $40.13 million or $0.41 per basic and diluted share a year ago. Net cash provided by operating activities was $191.11 million compared to $97.42 million a year ago. Capital expenditures were $188.76 million compared to $100.21 million a year ago. The company reported production results for the second quarter of 2014. For the quarter, the company reported total oil production of 1,901 MBbl compared to 1,163 MBbl a year ago. NGLs production was 279 MBbl compared to 124 MBbl a year ago. Natural gas production was 7,163 MMcf compared to 6,994 MMcf a year ago. The company provided production guidance for the second half of 2014. Excluding the effect of any acquisitions, the company is forecasting total production for the second half of 2014 to be between 6.8 million and 7.2 million Boe, with oil production now expected to be between 3.8 million and 4.2 million barrels, and still expects to achieve its targeted December 2014 production exit rate of between 38,400 and 40,800 Boe/d. This revised production outlook is principally due to the recent performance of its operations in the Permian Basin. The company also expects second half Adjusted EBITDA to be between $235 million and $255 million, principally as a result of lower expected oil revenues. Total oil and gas capital expenditures for the second half of 2014 are expected to be between $170 million and $180 million.

Breitburn Energy Partners L.P., Q2 2014 Earnings Call, Jul 24, 2014

Breitburn Energy Partners L.P., Q2 2014 Earnings Call, Jul 24, 2014

Breitburn Energy Partners L.P.(NasdaqGS:BBEP.P) added to S&P Preferred Stock Index

Breitburn Energy Partners L.P.(NasdaqGS:BBEP.P) added to S&P Preferred Stock Index

 

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