Last C$18.62 CAD
Change Today +0.13 / 0.70%
Volume 476.4K
VSN On Other Exchanges
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As of 4:19 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

veresen inc (VSN) Snapshot

Open
C$18.48
Previous Close
C$18.49
Day High
C$18.66
Day Low
C$18.30
52 Week High
07/23/14 - C$19.80
52 Week Low
09/6/13 - C$11.56
Market Cap
4.1B
Average Volume 10 Days
477.8K
EPS TTM
C$0.30
Shares Outstanding
220.6M
EX-Date
08/27/14
P/E TM
62.1x
Dividend
C$1.00
Dividend Yield
5.37%
Current Stock Chart for VERESEN INC (VSN)

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veresen inc (VSN) Details

Veresen Inc. owns and operates energy infrastructure assets in North America. It operates in three segments: Pipeline, Midstream, and Power. The Pipeline segment owns a 50% interest in the Alliance Pipeline, an integrated pipeline system consisting of approximately 3,000 kilometer high pressure natural gas mainline pipeline located in Canada and the United States; a series of lateral pipelines located in Canada; the Tioga Lateral pipeline project located in North Dakota; and related infrastructure. This segment also owns a 100% interest in the Alberta Ethane Gathering System, a 1,330 kilometer pipeline that transports ethane within Alberta from various ethane extraction plants to petrochemical complexes located near Joffre and Fort Saskatchewan, Alberta. The Midstream segment operates the Hythe/Steeprock midstream gas gathering and processing complex in northwest Alberta and northeast British Columbia; and a natural gas liquids (NGL) extraction and fractionation facility that recovers ethane, propane, normal butane, iso-butane, and natural gasoline located at Channahon, Illinois. This segment also operates downstream distribution and gas facilities; NGL injection facilities in Alberta and British Columbia; and off-gas processing facility located in Fort Saskatchewan, Alberta. In addition, the Midstream segment owns Palermo conditioning plant that removes the hydrocarbon compounds; and the Prairie Rose pipeline, which gathers gas from the Palermo Conditioning Plant and other sources for delivery into the Alliance Pipeline system. The Power segment is engaged in the gas-fired, wind, and run-of-river power generation; district energy; and waste heat generation activities in Ontario, British Columbia, and the Western United States. The company was formerly known as Fort Chicago Energy Partners L.P. and changed its name to Veresen Inc. in January 2011. Veresen Inc. was founded in 1997 and is headquartered in Calgary, Canada.

Founded in 1997

veresen inc (VSN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$500.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$240.9K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: C$294.1K
Vice President of Jordan Cove Lng
Total Annual Compensation: C$289.5K
Compensation as of Fiscal Year 2013.

veresen inc (VSN) Key Developments

Veresen Inc. Announces Common Share Dividend for August 2014, Payable on September 23, 2014

Veresen Inc. announced that its Board of Directors has declared a cash dividend for August 2014 of $0.0833 per common share. The dividend will be paid on September 23, 2014 to shareholders of record at the close of business on August 29, 2014.

Veresen Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Veresen Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of CAD 89.3 million compared to CAD 89.8 million a year ago. Net loss before tax was CAD 0.2 million against income of CAD 26.0 million a year ago. Net loss attributable to common shares was CAD 2.4 million or CAD 0.01 per basic and diluted share against income of CAD 11.5 million or CAD 0.14 per basic and diluted share a year ago. Cash from operating activities was CAD 47.9 million compared to CAD 55.0 million a year ago. Project development costs were CAD 21.0 million compared to CAD 9.1 million a year ago. Maintenance capital expenditures were CAD 1.2 million compared to CAD 1.8 million a year ago. For the six months, the company reported operating revenues of CAD 181.3 million compared to CAD 161.4 million a year ago. Net income before tax was CAD 47.1 million against 36.3 million a year ago. Net income attributable to common shares was CAD 28.9 million or CAD 0.14 per basic and diluted share against CAD 12.7 million or CAD 0.06 per basic and diluted share a year ago. Cash from operating activities was CAD 92.9 million compared to CAD 92.4 million a year ago. Project development costs were CAD 30.3 million compared to CAD 15.8 million a year ago. Maintenance capital expenditures were CAD 3.8 million compared to CAD 3.8 million a year ago. The company has narrowed its guidance for 2014 distributable cash to be in the range of CAD 1.02 per common share to CAD 1.20 per common share, with a midpoint of CAD 1.11 per common share. For 2014, the company expected net income per common share will be in the range of CAD 0.07 to 0.25. The company expected net income will be in the range of CAD 215,700 to 216,200. Distributable cash will be in the range of CAD 216,000 to 216,500.

Veresen Inc. Announces Common Share Dividend for July 2014, Payable on August 22, 2014

Veresen Inc. announced that its Board of Directors has declared a cash dividend for July 2014 of $0.0833 per common share. The dividend will be paid on August 22, 2014 to shareholders of record at the close of business on July 31, 2014.

 

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Valuation VSN Industry Range
Price/Earnings 54.1x
Price/Sales 11.6x
Price/Book 3.4x
Price/Cash Flow 22.6x
TEV/Sales 6.4x
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