Last €26.99 EUR
Change Today -0.04 / -0.15%
Volume 0.0
LG0 On Other Exchanges
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As of 1:08 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

lehigh gas partners lp (LG0) Snapshot

Open
€26.89
Previous Close
€27.03
Day High
€27.01
Day Low
€26.89
52 Week High
10/22/14 - €30.19
52 Week Low
08/1/14 - €16.62
Market Cap
620.6M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
15.3M
EX-Date
08/14/14
P/E TM
--
Dividend
€1.96
Dividend Yield
5.59%
Current Stock Chart for LEHIGH GAS PARTNERS LP (LG0)

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lehigh gas partners lp (LG0) Details

CrossAmerica Partners LP operates as a wholesale distributor of motor fuels, and owner and lessee of real estate used in the retail distribution of motor fuels in the United States. It distributes gasoline and diesel fuel to approximately 1,050 locations, and owns or leases approximately 625 sites in 16 states of the United States. The company also provides maintenance and other services to lessee dealers and other customers. CrossAmerica GP LLC operates as the general partner of the company. CrossAmerica Partners LP was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October, 2014. The company was founded in 1992 and is headquartered in Allentown, Pennsylvania.

lehigh gas partners lp (LG0) Top Compensated Officers

Chief Executive Officer of Crossamerica GP LL...
Total Annual Compensation: $170.5K
Chief Financial Officer of Crossamerica GP LL...
Total Annual Compensation: --
Chief Operating Officer of Crossamerica GP LL...
Total Annual Compensation: --
Executive Vice President of Administration of...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

lehigh gas partners lp (LG0) Key Developments

Lehigh Gas Partners LP and Lehigh Gas Wholesale Services, Inc. Enter into Amendment to the Credit Agreement

On September 30, 2014, Lehigh Gas Partners LP (the Partnership) and its subsidiary, Lehigh Gas Wholesale Services, Inc. (Services and, together with the Partnership, the Borrowers) entered into an amendment to the Credit Agreement. Under the terms of the Amendment, the Borrowers are jointly and severally liable for all obligations under the Credit Agreement. The following is a summary of the material terms of the Amendment. Capitalized items in the following summary have the meanings given to such terms in the Amendment. Services is now a co-borrower with the Partnership rather than a guarantor; the borrowing availability was increased by $100 million to $550 million; the definition of Permitted Acquisitions in the Credit Agreement has been expanded to include acquisitions of real property and assets from CST Brands; certain terms and definitions, including Change of Control, were updated to reflect the General Partner Acquisition; the Total Leverage Ratio was increased to 5.50:1.00 if the Partnership issues Qualified Senior Notes in the aggregate principal amount of $175,000,000 or greater; and the Senior Leverage Ratio was decreased to 3.00:1.00, on a pro forma basis if the Partnership issues Qualified Senior Notes in the aggregate principal amount of $175,000,000 or greater.

Lehigh Gas Partners LP Approves Cash Distribution for the Second Quarter Ended June 30, 2014, Payable on August 28, 2014

Lehigh Gas Partners LP announced that the Board of Directors of its general partner approved a 2.0% increase in the Partnership's cash distribution per unit from the current annual rate of $2.05 per unit ($0.5125 per quarter) to $2.09 per unit ($0.5225 per quarter). The distribution represents an annual distribution rate of 8.1% based on the Partnership's common unit closing price on August 5, 2014 of $25.95 and a 9.4% increase from the second quarter 2013 distribution. The second quarter distribution is payable on August 28, 2014 to all unitholders of record as of August 18, 2014.

Lehigh Gas Partners LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Lehigh Gas 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 of $767.191 million, operating income of $1.574 million, loss from continuing operations before income taxes of $2.019 million, net income of $1.892 million, net income of $5.469 million compared to the total revenues of $488.196 million, operating income of $9.109 million, income from continuing operations before income taxes of $5.689 million, net income of $5.469 million for the same quarter year ago. For the quarter, EBITDA totaled $8.940 million, adjusted EBITDA totaled $10.023 million compared to the EBITDA of $14.060 million and adjusted EBITDA of $14.886 million for the same quarter year ago. The company generated distributable cash flow of $6.4 million or $0.33 per weighted average common unit on a diluted basis compared to second quarter 2013 Distributable Cash Flow of $11.2 million or $0.73 per common unit. Excluding the acquisition expenses and non-cash charges referenced above, distributable cash flow for the quarter was $13.5 million or $0.71 per weighted average common unit. For the six months period, the company reported total revenues of $1,249.212 million, operating income of $7.060 million, loss from continuing operations before income taxes of $0.456 million, net income of $3.320 million compared to the total revenues of $960.057 million, operating income of $16.607 million, income from continuing operations before income taxes of $9.889 million, net income of $9.226 million for the same period year ago. EBITDA was $20.466 million and adjusted EBITDA was $20.983 million compared to the EBITDA of 27.503 million and adjusted EBITDA of $19.461 million for the same period year ago.

 

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Valuation LG0 Industry Range
Price/Earnings 48.4x
Price/Sales 0.3x
Price/Book 7.8x
Price/Cash Flow 14.5x
TEV/Sales 0.1x
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