| Address:
|
THE WEDGE TOWER
1415 LOUISIANA STREET, SUITE 2700 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77002 |
| Telephone: |
281-408-1200 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
We are based in the United States and are a domestically-focused,
growth-oriented limited partnership engaged in the business of (i) gathering,
compressing, treating, processing and transporting natural gas; fractionating
and transporting natural gas liquids ("NGLs"); and marketing natural gas,
condensate and NGLs, which collectively we call our "Midstream Business"; and
(ii) acquiring, developing and producing interests in oil and natural gas
properties, which we call our "Upstream Business."
Our objective is to grow our business in a manner that enhances our ability to
increase cash distributions to our unitholders. To do so, we focus on achieving
operational excellence in our businesses and executing accretive low-risk
acquisitions and organic growth opportunities. We also may allocate a portion of
our cash flows to fund growth-related capital expenditures that would otherwise
be paid as distributions. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.24 | 0.200 | 40.46 | | 06/2011 | -0.99 | 0.188 | N/E | | 03/2011 | -1.25 | 0.150 | N/E | | 12/2010 | -0.59 | 0.150 | N/E | | 09/2010 | -0.78 | 0.025 | N/E | | 06/2010 | -0.79 | 0.025 | N/E | | 03/2010 | -2.17 | 0.025 | N/E | | 12/2009 | -2.26 | 0.025 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.01 | Total Liab/Total Assets | 0.57 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.66 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | -1.33 | | Pretax Inc/Net Sales | -0.07 | Interest Coverage Ratio | -2.37 | | Net Inc/Net Sales | -0.01 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.13 | LTD/Equity | NA | | SG&A/NetSales | 0.08 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.11 | Quick Ratio | 0.58 | | Inventory Turnover | NA | Current Ratio | 0.58 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.92 | | Net Sales/Work Cap | -12.50 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.66 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
375.81
|
311.72
|
157.36
|
173.62
|
|
Cost of Goods Sold
|
196.86
|
194.63
|
166.79
|
157.37
|
|
Selling & Admin Exps
|
20.62
|
18.20
|
15.09
|
12.58
|
|
Operating Income
|
113.42
|
62.76
|
-48.54
|
-50.61
|
|
Interest Exp
|
10.06
|
6.31
|
3.22
|
3.09
|
|
Pretax Income
|
96.49
|
54.69
|
-54.48
|
-53.21
|
|
Other Income
|
-6.87
|
-1.75
|
-2.71
|
0.49
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
97.37
|
55.07
|
-53.72
|
-52.24
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
17.66
|
6.83
|
0.05
|
4.05
|
|
Receivables - Total
|
93.43
|
94.63
|
94.87
|
77.81
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
135.62
|
112.46
|
110.06
|
84.36
|
|
Net Property, Plant & Equipment
|
1,716.88
|
1,705.06
|
1,130.33
|
1,143.46
|
|
Total Assets
|
2,025.13
|
1,953.44
|
1,358.02
|
1,349.40
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
157.90
|
143.19
|
123.32
|
105.69
|
|
Debt in Current Liabilities
|
4.07
|
30.37
|
67.51
|
39.35
|
|
Total Current Liabilities
|
161.98
|
173.56
|
192.02
|
145.04
|
|
Long-Term Debt
|
740.90
|
745.86
|
507.75
|
530.00
|
|
Total Liabilities
|
978.69
|
1,015.38
|
817.18
|
770.28
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
NA
|
NA
|
|
Retained Earnings
|
NA
|
NA
|
NA
|
NA
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,046.44
|
938.05
|
540.84
|
NA
|
|
Total Liabilities and Stockholders' Equity
|
2,025.13
|
1,953.44
|
1,358.02
|
NA
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
59.26
|
6.06
|
19.63
|
19.95
|
|
Net Cash Provided by Investing Activities
|
-50.80
|
-229.92
|
-16.83
|
-49.27
|
|
Net Cash Provided by Financing Activities
|
2.78
|
231.73
|
-7.72
|
15.79
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 478.39 | -23.31 | -1.26 | | 12/2007 | 910.63 | -145.63 | -2.11 | | 12/2008 | 1,743.32 | 87.52 | 1.20 | | 12/2009 | 594.76 | -171.26 | -2.26 | | 12/2010 | 758.40 | -5.35 | -0.59 | | Growth Rates | 12.21 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 64 | 73,986 | 57.61 |
|
Report Date :
2/6/2012
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