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Key takeaways from MarkWest Energy’s 4Q14 earnings (Part 1 of 6) About MarkWest Energy Partners
MarkWest Energy Partners (MWE) is a master limited partnership (or MLP) that provides natural gas gathering, processing, and transportation services to natural gas producers such as Antero Resources (AR), EQT Corporation (EQT), Anadarko Petroleum (APC), and other natural gas producers. AR, EQT, and APC together make up about 3.4% of the Vanguard Energy ETF (VDE).
4Q14 earnings
Distributable cash flow (or DCF) is the amount of cash left over for an MLP to distribute to its unitholders or shareholders.
MarkWest Energy Partners reported its fourth-quarter earnings on February 25, 2015. The company announced that its 4Q14 DCF grew by about 58% to $201 million from the corresponding period last year. DCF for 2014 increased 46% to $706.4 million from $483.3 million in 2013.
Distribution
For the fourth quarter of 2014, MarkWest Energy paid distributions of $168.1 million or $0.90 per common unit on February 13, 2015. This represented an increase of $0.01 per common unit or 1.1% over the previous quarter’s distribution and an increase of $0.04 per common unit or 4.7% compared to the 4Q13 distribution.
DCF for the quarter represents the distribution coverage ratio of 1.2x. For the year, the coverage ratio was 1.12x The distribution coverage ratio is nothing but the DCF divided by actual distributions.
In the next part of this series, we will take a look at MWE’s segment-wise updates.
Continue to Part 2 Browse this series on Market Realist:
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MarkWest Energy Partners LP
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CODE : MWE |
ISIN : US5707591005 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
MarkWest Energy est une société d’exploration minière et de pétrole basée aux Etats-Unis D'Amerique. MarkWest Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,1 milliards US$ (9,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 01 mai 2009 à 10,05 US$, et son plus haut niveau récent le 25 septembre 2015 à 48,00 US$. MarkWest Energy possède 231 560 000 actions en circulation. |