JP Energy Partners (JPEP) Posts Surprise Q4 Loss
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JP Energy Partners LP Announces Fourth Quarter and Full-Year 2015 Financial Results
February 29, 2016 4:15 PM ESTIRVING, Texas--(BUSINESS WIRE)-- JP Energy Partners LP (NYSE: JPEP) (JP Energy, we, our, or us) today announced fourth quarter and full-year 2015 financial and operating results.
2015 Accomplishments
Adjusted EBITDA increased 31% year-over-year excluding the impact of corporate overhead support from our general partner Maintained under 3.5x leverage ratio for each quarter of 2015, below our long-term targeted range of 3.5 4.0x Completed Phase I of the 50+ mile strategic extension of our Silver Dollar Crude gathering system north into Reagan and Glasscock Counties Completed the... More