Stifel Upgrades Arc Logistics Partners (ARCX) to Buy

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Go back to Stifel Upgrades Arc Logistics Partners (ARCX) to Buy

Arc Logistics Partners LP Announces Third Quarter 2016 Results

November 3, 2016 4:45 PM EDT

NEW YORK, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Arc Logistics Partners LP (NYSE: ARCX) ("Arc Logistics" or the "Partnership") today reported its financial and operating results for the third quarter ended September 30, 2016.

During the third quarter of 2016, the Partnership accomplished the following:

Realized throughput of 171.2 thousand barrels per day (mbpd)Reported revenues, net income and Adjusted EBITDA of $26.7 million, $6.3 million and $14.9 million, respectivelyInvested $3.5 million of expansion capital expenditures to support existing, new and future customer initiativesGenerated cash flows from operating activities of $15.7 million and Distributable Cash Flow of $10.0... More