Last €53.25 EUR
Change Today +0.05 / 0.09%
Volume 0.0
MWT On Other Exchanges
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As of 2:08 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

markwest energy partners lp (MWT) Snapshot

Open
€53.61
Previous Close
€53.20
Day High
€53.61
Day Low
€53.25
52 Week High
11/12/13 - €55.98
52 Week Low
05/7/14 - €44.45
Market Cap
9.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
162.5M
EX-Date
08/1/14
P/E TM
--
Dividend
€3.51
Dividend Yield
4.80%
Current Stock Chart for MARKWEST ENERGY PARTNERS LP (MWT)

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markwest energy partners lp (MWT) Details

MarkWest Energy Partners, L.P. is engaged in the gathering, processing, and transportation of natural gas. The company is also engaged in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil. It has presence in unconventional gas plays, including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale, and Granite Wash formation. MarkWest Energy GP, L.L.C. serves as the general partner of the company. MarkWest Energy Partners, L.P. was founded in 1988 and is headquartered in Denver, Colorado.

1,139 Employees
Last Reported Date: 02/26/14
Founded in 1988

markwest energy partners lp (MWT) Top Compensated Officers

Chairman of Markwest Energy GP LLC, Chief Exe...
Total Annual Compensation: $576.5K
Chief Financial Officer of Markwest Energy GP...
Total Annual Compensation: $376.5K
Chief Operations Officer of Markwest Energy G...
Total Annual Compensation: $411.5K
Chief Commercial Officer of Markwest Energy G...
Total Annual Compensation: $411.5K
Executive Vice President of Markwest Energy G...
Total Annual Compensation: $376.5K
Compensation as of Fiscal Year 2013.

markwest energy partners lp (MWT) Key Developments

MarkWest Energy Partners, L.P. Increases Quarterly Cash Distribution, Payable on August 14, 2014

MarkWest Energy Partners, L.P. announced that the board of directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.88 per common unit for the second quarter of 2014, for an implied annual rate of $3.52 per common unit. The second quarter 2014 distribution represents an increase of $0.04 per common unit, or 4.8%, compared to the second quarter 2013 distribution and an increase of $0.01 per common unit, or 1.2%, compared to the first quarter 2014 distribution. The second quarter 2014 distribution is payable August 14, 2014, to unitholders of record on August 5, 2014. The ex-dividend date is August 1, 2014.

MarkWest Energy Partners Plans to Expand Ohio NGL Fractionation

MarkWest Energy Partners, along with petroleum investment firm Energy & Minerals Group, plan to add additional capacity to their Hopedale, Ohio, natural gas liquids fractionation complex. The expansion will double the propane and heavier fractionation capacity at the complex to 120,000 bbl/day. It is expected to be operational in the first quarter of 2015.

MarkWest Energy Partners, L.P. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Production and Earnings Guidance for the Year 2014

MarkWest Energy Partners, L.P. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of USD 512.476 million compared to USD 373.273 million a year ago. Income from operations was USD 72.001 million compared to USD 63.663 million a year ago. Income before provision for income tax was USD 28.462 million compared to loss before provision for income tax of USD 14.574 million a year ago. Net income was USD 15.916 million compared to net loss of USD 21.131 million a year ago. Net income attributable to partnership's unit holders was USD 12.492 million or USD 0.07 per diluted share compared to net loss attributable to partnership's unit holders of USD 15.458 million or USD 0.12 per diluted share a year ago. Net cash provided by operating activities was USD 112.373 million compared to USD 83.758 million a year ago. Adjusted EBITDA was USD 187.567 million compared to USD 140.801 million a year ago. Total capital expenditures were USD 587.120 million compared to USD 631.558 million a year ago. The company expect that in 2014 overall system processed volumes will increase by 60% over last year. The company also anticipated that the continued ramp up of volumes and cash flow will provide opportunities for additional increases in distribution growth in 2015 and 2016. For 2014, the Partnership forecasts DCF in a range of USD 600 million to USD 690 million based on its current forecast of operational volumes and prices for crude oil, natural gas, natural gas liquids and derivative instruments currently outstanding. For the full year 2014, the Partnership estimates that net operating margin will be over 70% fee-based. In addition, the Partnership has hedged approximately 62% of its forecasted 2014 NGL exposure on a volumetric basis, 90% of these with direct product hedges. The Partnership's portion of growth capital expenditures for 2014 is has been narrowed and is forecasted in a range of USD 2.0 billion to USD 2.3 billion. Maintenance capital is forecasted at approximately USD 25 million.

 

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Industry Analysis

MWT

Industry Average

Valuation MWT Industry Range
Price/Earnings 100.0x
Price/Sales 6.2x
Price/Book 2.8x
Price/Cash Flow 27.6x
TEV/Sales 4.6x
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