Last $31.66 USD
Change Today -0.17 / -0.53%
Volume 306.1K
RGP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

regency energy partners lp (RGP) Snapshot

Open
$31.72
Previous Close
$31.83
Day High
$31.90
Day Low
$31.42
52 Week High
07/23/14 - $32.35
52 Week Low
12/12/13 - $23.86
Market Cap
12.8B
Average Volume 10 Days
495.4K
EPS TTM
$0.11
Shares Outstanding
397.4M
EX-Date
05/6/14
P/E TM
295.9x
Dividend
$1.92
Dividend Yield
5.97%
Current Stock Chart for REGENCY ENERGY PARTNERS LP (RGP)

regency energy partners lp (RGP) Related Businessweek News

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regency energy partners lp (RGP) Details

Regency Energy Partners LP is engaged in the gathering and processing, compression, treating, and transportation of natural gas; and the transportation, fractionation, and storage of natural gas liquids (NGLs). It operates in Gathering and Processing, Natural Gas Transportation, NGL Services, and Contract Services segments. The Gathering and Processing segment transports raw natural gas from the wellhead through gathering systems; processes raw natural gas to separate NGLs; and sells or delivers the pipeline-quality natural gas and NGLs to various markets and pipeline systems. The Natural Gas Transportation segment owns a 450 mile intrastate pipeline that delivers natural gas from northwest Louisiana to downstream pipelines and markets; a 500-mile interstate natural gas pipeline stretching from southeast Oklahoma through northeast Texas, northern Louisiana, and central Mississippi to an interconnect with the Transcontinental Gas Pipe Line system in Butler, Alabama; and a 10-mile interstate pipeline that extends from Harrison County, Texas to Caddo Parish, Louisiana. The NGL Services segment owns midstream energy assets, including NGL pipelines, storage, fractionation, and processing facilities located in the states of Texas, New Mexico, Mississippi, and Louisiana. The Contract Services segment owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems; and also owns and operates a fleet of equipment that provide treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and BTU management. Regency GP LP serves as the general partner of Regency Energy Partners LP. The company was founded in 2003 and is headquartered in Dallas, Texas.

Founded in 2003

regency energy partners lp (RGP) Top Compensated Officers

Chief Executive Officer of Regency GP LLC, Pr...
Total Annual Compensation: $1.3M
Chief Financial Officer of Regency Gp Llc and...
Total Annual Compensation: $645.4K
Executive Vice President of Operations - Rege...
Total Annual Compensation: $558.3K
Chief Commercial Officer of Regency GP LLC an...
Total Annual Compensation: $607.2K
Principal Accounting Officer of Regency GP LL...
Total Annual Compensation: $340.4K
Compensation as of Fiscal Year 2013.

regency energy partners lp (RGP) Key Developments

Federal Trade Commission Ends Investigation into Regency Energy Partners LP and Eagle Rock Energy Partners LP Deal

Eagle Rock Energy Partners LP announced the Federal Trade Commission had decided to close its investigation into Regency's USD 1.3 billion (EUR952 million) acquisition of Eagle Rock's midstream operations. FTC's move satisfies the final regulatory approval required for closing and the companies now plan to finalize the transaction effective 1 July 2014, they further explained. The deal serves Regency's plans to enhance its scale, diversify its operations in liquids-rich areas and bolster its position as a midstream provider in the Mid-Continent region, while providing additional growth opportunities, the buyer said on 23 December last year, when announcing the agreement. Regency plans to fund the deal through the issue of USD 200 million worth of stock to Eagle Rock, USD 400 million in stock to its owner Energy Transfer Equity LP and like-kind exchange of up to USD 550 million Eagle Rock senior notes into Regency senior notes, as well as with debt.

Regency Energy Partners Extends Exchange Offer in Connection with Planned Midstream Business Acquisition

Regency Energy Partners LP announced that it and Regency Energy Finance Corp. have extended the expiration date of their previously announced offer to exchange and related consent solicitation in connection with the outstanding 8.375% Senior Notes due 2019 of Eagle Rock Energy Partners, L.P. and Eagle Rock Energy Finance Corp. Pursuant to the exchange offer, Regency is offering to exchange any and all of the outstanding existing Eagle Rock notes, of which $550 million in aggregate principal amount is outstanding, for up to $550 million in aggregate principal amount of 8.375% Senior notes due 2019 to be issued by the Regency issuers. Regency is conducting the exchange offer and consent solicitation in connection with its pending acquisition of Eagle Rock's midstream business, and the closing of the exchange offer and consent solicitation are conditioned upon, among other things, consummation of the Eagle Rock Midstream Acquisition (including the satisfaction or waiver of all conditions to closing the Eagle Rock Midstream Acquisition). In order for the closing of the exchange offer and consent solicitation to coincide with the expected closing of the Eagle Rock Midstream Acquisition, the expiration date for the exchange offer and consent solicitation has been extended to 11:59 p.m., New York City time, on June 30, 2014, unless otherwise extended or terminated by the Regency issuers. All other terms of the exchange offer and consent solicitation remain unchanged. As of June 12, 2014 at 11:59 p.m., New York City time, Regency had received tenders from holders representing approximately 79.02% of the total outstanding principal amount of the existing Eagle Rock notes.

Regency Energy Partners LP and Regency Energy Finance Corp. Extends the Expiration Date on its Outstanding 8.375% Senior Notes Due 2019 of Eagle Rock Energy Partners, L.P. and Eagle Rock Energy Finance Corp

Regency Energy Partners LP announced that it and Regency Energy Finance Corp. have extended the expiration date of their previously announced offer to exchange and related consent solicitation in connection with the outstanding 8.375% Senior Notes due 2019 of Eagle Rock Energy Partners, L.P. and Eagle Rock Energy Finance Corp. Pursuant to the Exchange Offer, Regency is offering to exchange any and all of the outstanding Existing Eagle Rock Notes, of which $550 million in aggregate principal amount is outstanding, for up to $550 million in aggregate principal amount of 8.375% Senior Notes due 2019 to be issued by the Regency Issuers. Regency is conducting the Exchange Offer and Consent Solicitation in connection with its pending acquisition of Eagle Rock's midstream business, and the closing of the Exchange Offer and Consent Solicitation are conditioned upon, among other things, consummation of the Eagle Rock Midstream Acquisition (including the satisfaction or waiver of all conditions to closing the Eagle Rock Midstream Acquisition).

 

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Industry Analysis

RGP

Industry Average

Valuation RGP Industry Range
Price/Earnings 100.0x
Price/Sales 2.5x
Price/Book 1.4x
Price/Cash Flow 40.5x
TEV/Sales 2.2x
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