Last $23.54 USD
Change Today +0.14 / 0.60%
Volume 2.4M
LINE On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

linn energy llc-units (LINE) Snapshot

Open
$23.80
Previous Close
$23.40
Day High
$24.23
Day Low
$23.18
52 Week High
01/23/14 - $34.08
52 Week Low
10/15/14 - $21.25
Market Cap
7.8B
Average Volume 10 Days
2.0M
EPS TTM
$0.55
Shares Outstanding
331.9M
EX-Date
11/6/14
P/E TM
42.8x
Dividend
$2.90
Dividend Yield
12.33%
Current Stock Chart for LINN ENERGY LLC-UNITS (LINE)

linn energy llc-units (LINE) Related Businessweek News

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linn energy llc-units (LINE) Details

Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties. The company’s properties are located in Rockies, the Mid-Continent, the Hugoton Basin, California, the Permian Basin, Michigan, Illinois, and East Texas in the United States. As of December 31, 2013, it had proved reserves of 6,403 billion cubic feet equivalent; and operated 19,810 gross productive wells. The company was founded in 2003 and is headquartered in Houston, Texas.

1,645 Employees
Last Reported Date: 02/27/14
Founded in 2003

linn energy llc-units (LINE) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $850.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Chief Accounting Officer and Executive Vice P...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

linn energy llc-units (LINE) Key Developments

Linn Energy, LLC Announces Earnings and Operating Results for the Third Quarter and Earnings Results for the Nine Months Ended September 30, 2014; Provides Operating Guidance for the Fourth Quarter and Full Year of 2014; Reports Impairment Charges for the Third Quarter of 2014

LINN Energy, LLC announced earnings and operating results for the third quarter and operating results for the nine months ended September 30, 2014. The company increased production 51% to approximately 1,245 MMcfe/d for the third quarter 2014, compared to 823 MMcfe/d for the third quarter 2013. This increase in production is attributable to acquisitions completed in 2013 and 2014 as well as the Company's capital program. Total revenues and other for the third quarter 2014 were approximately $1.4 billion, compared to approximately $495 million for the third quarter 2013, which includes non-cash gains related to changes in fair value of unsettled commodity derivatives, including the reduction of put option premium value over time, of approximately $423 million and non-cash losses of $99 million, respectively. The company reported a net loss of approximately $4 million, or $0.02 per unit, for the third quarter 2014, which includes non-cash gains related to changes in fair value of unsettled commodity derivatives, including the reduction of put option premium value over time, of approximately $423 million, or $1.28 per unit. This compares to a net loss of approximately $30 million, or $0.13 per unit, for the third quarter 2013, which includes non-cash losses in fair value of unsettled commodity derivatives, including the reduction of put option premium value over time, of approximately $99 million, or $0.42 per unit. Net cash provided by operating activities was $520.175 million against $379.155 million a year ago. For the nine months, the company reported net cash provided by operating activities was $1,435.810 million against $940.511 million a year ago. The company expects production for the fourth quarter 2014 to average between 1,350 to 1,405 MMcfe/d, which equates to full-year 2014 production guidance of 1,203 to 1,227 MMcfe/d. The Company expects to incur a shortfall of net cash provided by operating activities after distributions to unitholders and discretionary adjustments of approximately $94 million for the fourth quarter 2014. Fourth quarter 2014 results are anticipated to include approximately $45 million of negative divestiture-related cash flows from the pending sale of Granite Wash and Cleveland plays and sale of certain Wolfberry properties. For the quarter, the company an impairment charge of approximately $603 million, or $1.83 per unit, related to the divestiture of certain high valued unproved properties in the Midland Basin.

Linn Energy Declares Monthly Cash Distribution Payable on November 13, 2014

LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable on November 13, 2014, to unitholders of record as of the close of business on November 10, 2014.

Linn Energy, LLC, Q3 2014 Earnings Call, Nov 04, 2014

Linn Energy, LLC, Q3 2014 Earnings Call, Nov 04, 2014

 

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Industry Analysis

LINE

Industry Average

Valuation LINE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 1.6x
Price/Cash Flow 450.8x
TEV/Sales NM Not Meaningful
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