Last $36.19 USD
Change Today +0.47 / 1.32%
Volume 40.1K
LGP On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

lehigh gas partners lp (LGP) Snapshot

Open
$35.63
Previous Close
$35.72
Day High
$36.51
Day Low
$35.34
52 Week High
08/18/14 - $38.65
52 Week Low
03/25/14 - $25.50
Market Cap
677.4M
Average Volume 10 Days
92.6K
EPS TTM
$1.21
Shares Outstanding
11.2M
EX-Date
08/14/14
P/E TM
29.9x
Dividend
$2.09
Dividend Yield
5.66%
Current Stock Chart for LEHIGH GAS PARTNERS LP (LGP)

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lehigh gas partners lp (LGP) 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 (LGP) 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 (LGP) Key Developments

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.

Lehigh Gas Partners LP to Report Q2, 2014 Results on Aug 06, 2014

Lehigh Gas Partners LP announced that they will report Q2, 2014 results After-Market on Aug 06, 2014

 

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Valuation LGP Industry Range
Price/Earnings 51.1x
Price/Sales 0.3x
Price/Book 8.2x
Price/Cash Flow 11.1x
TEV/Sales 0.0x
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