Last €19.57 EUR
Change Today -0.10 / -0.51%
Volume 0.0
LG0 On Other Exchanges
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As of 7:12 AM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

lehigh gas partners lp (LG0) Snapshot

Open
€19.58
Previous Close
€19.67
Day High
€19.58
Day Low
€19.57
52 Week High
05/19/14 - €22.04
52 Week Low
01/30/14 - €18.09
Market Cap
219.0M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
11.2M
EX-Date
05/15/14
P/E TM
--
Dividend
€2.01
Dividend Yield
7.54%
Current Stock Chart for LEHIGH GAS PARTNERS LP (LG0)

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lehigh gas partners lp (LG0) Details

Lehigh Gas Partners LP is engaged in the wholesale distribution of motor fuels to sub-wholesalers, independent dealers, lessee dealers, and others; and retail distribution of motor fuels to end customers at commission sites in the United States. The company operates through two segments, Wholesale and Retail. It primarily offers gasoline and diesel fuels. The company also owns and leases real estate used in the retail distribution of motor fuels, as well as provides maintenance and other services to lessee dealers and other customers. Lehigh Gas GP LLC operates as the general partner of the company. The company was founded in 1992 and is headquartered in Allentown, Pennsylvania.

Founded in 1992

lehigh gas partners lp (LG0) Top Compensated Officers

Chairman of Lehigh Gas GP LLC, Chief Executiv...
Total Annual Compensation: $170.5K
President of Lehigh Gas GP LLP
Total Annual Compensation: --
Chief Financial Officer of Lehigh Gas GP LLC
Total Annual Compensation: --
Chief Compliance Officer of Lehigh Gas GP LLC...
Total Annual Compensation: --
Executive Vice President of Administration - ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

lehigh gas partners lp (LG0) Key Developments

Lehigh Gas Partners LP Enters into an Amendment to Existing Third Amended and Restated Credit Agreement

On July 2, 2014, Lehigh Gas Partners LP entered into an amendment to existing Third Amended and Restated Credit Agreement dated as March 4, 2014. The material terms and conditions of the agreement remain substantially the same. The company continues to be required to comply with certain financial covenants under the agreement. The amendment modified the covenant for the Total Leverage Ratio (as defined in the agreement). Under the Amendment, the Total Leverage Ratio shall be less than or equal to 5.50: 1.00 for the period of April 1, 2014, through September 30, 2014; and 5.00: 1.00 for the period of October 1, 2014, through December 31, 2014, and 4.50: 1.00 for periods thereafter, except for periods following a Material Acquisition (as defined in the agreement). Previously, the company was required to maintain a Total Leverage Ratio of 5.00: 1.00 for periods through December 31, 2014, and 4.50: 1.00 thereafter. However, if an offering of Equity Interests (as defined in the agreement) in the Partnership occurs after July 2, 2014, but prior to December 31, 2014, the Total Leverage Ratio shall not exceed 4.50: 1.00 for the fiscal quarter ending December 31, 2014; and the Total Leverage Ratio shall not exceed 5.00:1.00 for the two full fiscal quarters proceeding the closing of a Material Acquisition or upon the issuance of Qualified Senior Notes (as defined in the Agreement) in the aggregate principal amount of $175,000,000 or greater. Certain of the lenders, agents and other parties to the agreement and their affiliates have in the past provided lending, commercial banking, underwriting, investment banking, or other advisory services to the company and subsidiaries for which they have received customary compensation.

Lehigh Gas Seeks Acquisitions

Lehigh Gas Partners LP (NYSE:LGP) is looking for acquisitions. Joe Topper, Chairman and Chief Executive Officer of Lehigh Gas Partners LP said, "The pipeline is still good. There's probably eight to nine deals that we are looking at. I would suspect that they probably will not occur anytime soon as we are digesting these two transactions; they are both quite significant transactions. But the deals are out there, and if it's the right deal, we will go after it."

Lehigh Gas Partners LP Reports Earnings Results for the First Quarter Ended March 31, 2014; Declares Dividend for the First Quarter of 2014

Lehigh Gas Partners LP reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income for the first quarter of 2014 totaled $1.4 million or $0.07 per weighted average common unit on a diluted basis. For the quarter, EBITDA totaled $11.5 million, Adjusted EBITDA totaled $11.0 million and Distributable cash flow amounted to $7.2 million or $0.39 per weighted average common unit on a diluted basis. Total revenue amounted to $482.0 million for the quarter ended March 31, 2014, consisting of $471.2 million of aggregate revenues from fuel sales, including revenues from fuel sales to affiliates, and $10.7 million of aggregate rent income, including rent income from affiliates. Generated net rental income of $6.9 million compared to first quarter 2013 net rental income of $6.4 million, a 7.8% increase. The company declared a first quarter distribution of $0.5125 per unit, maintaining the partnership distribution rate from the fourth quarter of 2013 and representing a 13.3% increase from the first quarter 2013 distribution.

 

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Valuation LG0 Industry Range
Price/Earnings 27.1x
Price/Sales 0.3x
Price/Book 5.5x
Price/Cash Flow 7.9x
TEV/Sales 0.0x
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