Columbia Pipeline Group (CPGX) Tops Q3 EPS by 4c
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November 3, 2015 6:30 AM EST
HOUSTON, Nov. 3, 2015 /PRNewswire/ -- Columbia Pipeline Partners LP (NYSE: CPPL) ("CPPL"), a Columbia Pipeline Group, Inc. (NYSE: CPGX) ("CPG") company, today reported financial and operating results for the third quarter 2015.
"Columbia Pipeline Partners delivered another solid quarter squarely in line with our expectations," said Robert C. Skaggs Jr., chairman and chief executive officer of CPP GP LLC, the general partner of CPPL. "Despite recent volatility in the financial markets, our outlook remains unchanged -- specifically, delivering 20 percent annual distribution growth through 2020, a compelling investment... More
November 3, 2015 6:30 AM EST
HOUSTON, Nov. 3, 2015 /PRNewswire/ --Â Columbia Pipeline Group, Inc. (NYSE: CPGX) ("CPG") reported net operating earnings from continuing operations - controlling interest (non-GAAP) of $68.5 million for the three months ended September 30, 2015, compared with $53.3 million for the prior-year period.
Operating earnings (non-GAAP) for the third quarter were $142.4 million compared with $94.5 million for the prior-year period. For the third quarter, Adjusted EBITDA (non-GAAP) was $178.1 million compared with $126.4 million in 2014. Additionally, distributable cash flow (non-GAAP) was $111.3 million for the third quarter. Please refer to Schedules 1 and 2 in the financial tables below for a... More
November 2, 2015 4:10 PM EST
HOUSTON, Nov. 2, 2015 /PRNewswire/ -- The Board of Directors of CPP GP LLC, as general partner of Columbia Pipeline Partners LP (NYSE: CPPL) ("CPPL" or the "Partnership"), a Columbia Pipeline Group, Inc. (NYSE: CPGX) company, today approved a quarterly distribution payment of $0.1725 per unit for CPPL, payable on November 20, 2015, to both common and subordinated unit holders of record at the close of business on November 13, 2015. This distribution represents an approximately three percent increase over the prior quarter's distribution of $0.1675 per unit.
"The fundamentals for Columbia... More
