Company Information

  

Address: 1000 MAIN STREET
SUITE 3000 
City: HOUSTON 
State: TX 
Zip Code: 77002 
Telephone: (713) 756-2775 

Description of Business

Primary SIC Code: 1311
(As filed with the SEC)  

We were formed in 2005 as a Delaware limited liability company until our conversion in 2015 into a Delaware limited partnership. We are focused on the acquisition, development, ownership and operation of midstream and other 2 -------------------------------------------------------------------------------- Table of Contents production assets in North America. We currently own a gathering system in the Eagle Ford Shale (the "Western Catarina gathering system"), a 50% interest in a gathering system that connects to the Western Catarina gathering system, a 50% interest in a cryogenic natural gas processing plant, reversionary working interests and other production assets in Texas, Louisiana, Oklahoma and Kansas.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20176.460.4381.99
03/20172.590.4316.06
12/20160.000.425N/E
12/2015-0.310.400N/E
09/20152.66NA4.06
06/2015-298.70NAN/E
03/201525.00NA0.76

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity1.15Total Liab/Total Assets0.33
Net Inc/Total Assets0.04Total Liab/Inv Cap0.34
Net Inc/Inv Cap0.04Total Liab/Comm Equity10.75
Pretax Inc/Net Sales0.27Interest Coverage Ratio4.78
Net Inc/Net Sales0.27Curr Debt/Equity0.04
Cash Flow/Net Sales0.57LTD/Equity9.04
SG&A/NetSales0.37Total Debt/Equity9.08
Asset Utilization   Liquidity  
Net Receivables Turnover12.65Quick Ratio1.56
Inventory TurnoverNACurrent Ratio1.56
Inventory Day SalesNANet Rec/Curr Assets0.49
Net Sales/Work Cap13.28Inv/Curr AssetsNA
Net Sales/PP&E0.32  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 25.03 25.81 15.32 19.85
Cost of Goods Sold 6.95 8.32 6.40 5.98
Selling & Admin Exps 7.49 6.62 6.57 6.67
Operating Income 1.41 -6.26 -17.19 -0.57
Interest Exp 1.90 1.88 1.55 1.54
Pretax Income 0.56 -7.66 -12.90 28.81
Other Income 0.00 0.00 4.59 29.79
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.56 -7.66 -12.90 28.81

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 2.28 2.49 0.96 0.60
Receivables - Total 6.39 4.21 7.20 7.72
Inventories - Total NA NA NA NA
Total Current Assets 17.28 13.82 14.77 15.67
Net Property, Plant & Equipment 226.64 221.19 222.82 208.59
Total Assets 547.32 535.98 539.71 465.84
Liabilities        
Accounts Payable 16.60 15.11 8.70 6.74
Debt in Current Liabilities 0.02 0.09 0.74 NA
Total Current Liabilities 16.62 15.20 9.44 6.74
Long-Term Debt 176.55 158.92 151.32 144.20
Total Liabilities 211.45 192.21 179.97 318.38
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA 0.00 0.00
Common Stock -7.09 0.38 16.74 -48.91
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity -7.09 0.38 16.74 -48.91
Total Liabilities and Stockholders' Equity 204.36 192.58 196.71 269.47

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 9.86 13.56 9.33 13.52
Net Cash Provided by Investing Activities -15.69 -6.58 -95.85 -40.42
Net Cash Provided by Financing Activities 5.37 -5.44 86.88 26.30

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201246.53-86.54--
12/201344.08-28.54--
12/201477.279.50--
12/201568.43-137.06-0.31
12/201670.6819.230.00
Growth Rates11.02----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17345,37836.84




Report Date : 10/16/2017

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