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May 20, 2014
04:55 EDTSEP, SEP, SEP, VNR, VNR, VNR, NKA, NKA, NKA, WES, WES, WES, WGP, WGP, WGP, ARCX, ARCX, ARCX, STON, STON, STON, NSLP, NSLP, NSLP, EQM, EQM, EQMNational Association of Publicly Traded Partnerships to hold a conference
2014 MLP Investor Conference is being held in Ponte Vedra Beach, Florida consisting of a golf tournament on May 20, followed by the conference on May 21-22.
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March 5, 2015
07:12 EDTVNRCapital Link to hold a forum
2nd Annual Master Limited Partnership Investing Forum is being held in New York on March 5.
March 4, 2015
07:08 EDTWGP, WESBarclays to hold a conference
2015 Investment Grade Energy and Pipeline Conference is being held in New York on March 4-5.
March 3, 2015
19:22 EDTWESWestern Gas Partners to host conference call
Conference call to discuss 2015 outlook will be held on March 4 at 8 am. Webcast Link
16:04 EDTWGP, WESWestern Gas Partners sees 2015 distribution growth no less than 15%
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16:03 EDTWESWestern Gas Partners acquires Anadarko's 50% inerest in joint venture
Western Gas Partners (WES) announced that it has acquired Anadarko's (APC) 50% interest in the Delaware Basin JV gathering system. The Partnership paid no consideration at closing, but agreed to make a future payment on March 31, 2020 equal to eight times the average of the asset's 2018 and 2019 earnings before interest, taxes, depreciation and amortization, less the capital expenditures incurred by WES from the closing date through February 29, 2020. Based on its current forecast of the asset's performance and capital needs, the Partnership currently estimates the future payment will be $283M. "This immediately accretive acquisition is another step towards the consolidation of our significant Delaware Basin position," said CEO Don Sinclair. "We will benefit from the asset's strategic position, the world-class resources in the Delaware Basin, and the addition of a 100% fee-based asset into our portfolio. Furthermore, the flexible financing structure assists us in maintaining our growth targets in a challenging environment." In conjunction with the acquisition, Anadarko has amended its existing gathering agreement with DBJV to extend the term to December 31, 2024. Gathering rates are determined using a cost-of-service methodology under which DBJV earns a targeted rate of return of 18% over the life of the agreement. The Partnership estimates that the net present value of the purchase price payment is $176M and that the asset will generate $15 to $25M of EBITDA in 2015. The terms of the acquisition were approved by the board of directors of the Partnership's general partner and by the board's special committee, which is comprised entirely of independent directors.
10:44 EDTWESAnadarko reduces initial FY15 capital expectations by 33% y/y
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March 2, 2015
07:17 EDTVNRVanguard Natural reports Q4 adjusted EPS 19c, consensus 28c
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February 24, 2015
10:08 EDTVNROptions with decreasing implied volatility
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February 20, 2015
08:28 EDTARCXArc sees Joliet Bulk acquisition immediately accretive to cash flow per unit
Based upon JBBR's estimated annual EBITDA, the transaction is expected to be immediately accretive to the partnership's distributable cash flow per unit. In connection with the acquisition of JBBR, the Partnership's management intends to recommend to the board of the partnership's general partner an increase in the Partnership's quarterly distribution by 3c per limited partner unit following the first full quarter of operations of the Joliet Terminal. The JBBR acquisition continues the Partnership's existing business strategy to expand its market position and support the expansion plans of new and existing customers, while generating stable cash flows for its unit holders from quality assets supported by long-term contracts.
08:26 EDTARCXArc Logistics to acquire all membership interests Joliet Bulk for $216M
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