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Stock Market & Financial Investment News

News Breaks
February 5, 2013
16:44 EDTMWEMarkWest Energy, EMG provide funding, development updates for Uitica Shale
MarkWest Energy and The Energy & Minerals Group, or EMG, announced that as a result of their continued success in developing a world-class midstream system in the Utica Shale, the parties have executed a term sheet, which increases EMG's initial capital contribution in MarkWest Utica EMG by up to $450M, bringing their total initial contribution to up to $950M. The transaction does not modify the ownership interest levels or quarterly distribution percentages as set forth in the existing L.L.C. Agreement. MarkWest and EMG also executed an amendment to the L.L.C. Agreement that provides for MarkWest to contribute up to $150M to the Utica Joint Venture on a short-term basis. The anticipated additional capital contributions by EMG will allow the Utica Joint Venture to continue to rapidly expand its presence throughout the Utica Shale and keep pace with the significant increase in planned drilling activity throughout the region. MarkWest's 2013 capital expenditure forecast remains unchanged in a range of $1.4B-$1.9B.
News For MWE From The Last 14 Days
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October 22, 2014
16:27 EDTMWEMarkWest Energy raises FY14 DCF view to $680M-$700M
As a result of strong year-to-date operational and financial performance, the Partnership is increasing its 2014 DCF guidance to a range of $680M-$700M and 2014 Adjusted EBITDA to a range of $860M-$880M. Achieving the mid-point of these revised ranges would result in year-over-year DCF growth of 43 percent and year-over-year Adjusted EBITDA growth of 44%.
16:26 EDTMWEMarkWest Energy raises quarterly cash distribution to 89c from 85c per unit
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October 10, 2014
17:16 EDTMWEMarkWest Energy files to sell $1.5B of common units
08:31 EDTMWEGoldman remains bullish on MLPs
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