Last €57.40 EUR
Change Today +0.37 / 0.65%
Volume 0.0
MWT On Other Exchanges
Symbol
Exchange
Berlin
As of 2:08 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

markwest energy partners lp (MWT) Snapshot

Open
€57.74
Previous Close
€57.03
Day High
€57.74
Day Low
€57.40
52 Week High
08/27/14 - €57.74
52 Week Low
05/7/14 - €44.45
Market Cap
10.9B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
177.0M
EX-Date
08/1/14
P/E TM
--
Dividend
€3.46
Dividend Yield
4.39%
Current Stock Chart for MARKWEST ENERGY PARTNERS LP (MWT)

markwest energy partners lp (MWT) Related Businessweek News

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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.

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 Signs Agreement with Rex Energy to Expand Processing and Fractionation Infrastructure at Keystone Complex in Pennsylvania

MarkWest Energy and Rex Energy have signed an agreement for the expansion of midstream infrastructure at MarkWest's Keystone Complex in Butler County, Pennsylvania. The Keystone complex is anchored by Rex Energy and in May 2014, MarkWest began operations of the 120 MMcf/d Bluestone II plant and 10,000 Bbl/d each of ethane and propane plus fractionation capacity. MarkWest will construct Bluestone III and IV plants, both of which are 200 million cubic feet per day plants that are expected to begin operations fourth quarter of 2015 and second quarter of 2016, respectively. It will also build 40,000 barrels per day of additional de-ethanization capacity and over 20,000 Bbl/d of additional propane and heavier NGL fractionation capacity.

MarkWest Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014

MarkWest Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

MarkWest Energy Partners, L.P. Announces Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014 and Maintenance Capital Expenditure Guidance for 2015

MarkWest Energy Partners, L.P. announced unaudited financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $518.366 million against $415.12 million a year ago. Income from operations was $55.626 million against $140.022 million a year ago. Income before provision for income tax was $10.108 million against $101.781 million a year ago. Net income attributable to the partnership's unit holders was $8.977 million or $0.05 per diluted share against $83.699 million or $0.55 per diluted share a year ago. Net cash flow provided by operating activities was $244.45 million against $93.838 million a year ago. Adjusted EBITDA was $208.231 million against $155.741 million a year ago. Maintenance capital expenditures were $7.005 million against $4.204 million a year ago. Total capital expenditures were $728.216 million against $803.526 million a year ago. For the three months ended June 30, 2013, the partnership's portion of capital expenditures was $443.0 million. For the six months, the company reported total revenue of $1,030.842 million against $788.393 million a year ago. Income from operations was $127.627 million against $203.685 million a year ago. Income before provision for income tax was $38.57 million against $87.207 million a year ago. Net income attributable to the partnership's unit holders was $21.469 million or $0.12 per diluted share against $68.241 million or $0.45 per diluted share a year ago. Net cash flow provided by operating activities was $356.823 million against $177.596 million a year ago. Adjusted EBITDA was $395.798 million against $296.542 million a year ago. Maintenance capital expenditures were $9.751 million against $6.095 million a year ago. Total capital expenditures were $1,315.336 million against $1,435.084 million a year ago. The partnership forecasts its 2014 adjusted EBITDA in a range of $810 million to $870 million and has narrowed its 2014 DCF forecast to a range of $630 million to $670 million based on its current forecast. The partnership has become less sensitive to changes in commodity prices as a result of significant increases in fee-based income. An updated sensitivity analysis for forecasted 2014 DCF based on changes in composite NGL prices and changes in volume assumptions is provided within the tables of this press release. The partnership's portion of growth capital expenditures for 2014 is forecasted in a range of $2.0 billion to $2.3 billion. Maintenance capital expenditure for 2014 is forecasted at approximately $25 million. For 2015, the company expects capital investments to be approximately $2 billion.

 

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