Breitburn Energy Partners (BBEP) Misses Q2 EPS by 146c
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Breitburn Energy Partners Reports Second Quarter 2015 Results and Provides Second Half 2015 Guidance
August 6, 2015 6:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Breitburn Energy Partners LP (NASDAQ: BBEP) today announced financial and operating results for the second quarter 2015 and provided second half 2015 guidance.
Key Highlights
Closed the $1 billion strategic investment led by EIG Global Energy Partners on April 8th, resulting in approximately $500 million of current available liquidity. Reported total production of 5.0 MMBoe, in-line with Breitburn's 2015 guidance. Increased Adjusted EBITDA, a non-GAAP financial measure, to $162.9 million (including costs of $1.1 million for restructuring), a 48% increase from... More