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Exterran Partners Enjoys Strong 4Q14 and Positive Ratings (Part 8 of 10) (Continued from Part 7) Exterran’s three major growth strategies
Exterran Partners, L.P. (EXLP) aims to grow its business through the following three growth strategies: organic growth, dropdowns, and acquisitions.
Organic growth
According to a company presentation, EXLP achieved organic growth of ~776,000 operating horsepower over the past year. The company noted in its recent earnings call that it saw 93,000 horsepower growth in the fourth quarter. Total organic growth for the year was ~260,000 horsepower.
Dropdowns
Exterran Holdings (EXH) could potentially drop down additional contract operation assets to EXLP. Additional dropdowns could help the business grow further.
EXLP is a subsidiary company of Exterran Holdings (EXH), which also holds EXLP’s general partners, and makes up ~0.11% of the Vanguard Energy ETF (VDE) and 0.12% of the iShares U.S. Energy ETF (IYE).
A company similar in structure to EXLP is Williams Partners (WPZ), an MLP that was formed after Access Midstream Partners merged with Williams. WPZ’s general partner is owned by Williams Companies Inc. (WMB).
Growth through acquisitions
Exterran has achieved significant growth in 2014 through two acquisitions. Both acquisitions were with Chesapeake Energy (CHK). According to a company presentation, EXLP saw growth through acquisitions of ~550,000 operating horsepower over the past year.
Growth through acquisitions also highlights EXLP’s efforts to not remain entirely dependent on EXH for its growth. In the previous part of this series, we looked at EXLP’s 2014 acquisitions in greater detail.
Continue to Part 9 Browse this series on Market Realist:
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Chesapeake Energy Corporation
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DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 83.7 billions as of today (€ 78.2 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |