Breitburn Energy Partners (BBEP) Reports Q4 GAAP Loss of $4.25/Share
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Breitburn Energy Partners Reports Fourth Quarter and Full Year 2015 Results and Provides Full Year 2016 Operational Guidance
February 26, 2016 5:30 AM ESTLOS ANGELES--(BUSINESS WIRE)-- Breitburn Energy Partners LP (NASDAQ: BBEP) today announced financial and operating results for the fourth quarter and full year 2015 as well as operational guidance for its expected performance in 2016.
Key Highlights
Annual production of 20.2 million Boe, at high-end of guidance, with average daily production of 55,288 Boe/d for the year. Adjusted EBITDA, a non-GAAP financial measure, increased to $169 million in 4Q15, 8.2% higher than 3Q15, despite lower realized oil and NGL prices. 2015 Adjusted EBITDA of $636.8 million (including acquisition and... More