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 a growth-oriented publicly-traded limited partnership focused on the acquisition, development, ownership and operation of midstream and other energy-related assets in North America. The Partnership has ownership stakes in oil and natural gas gathering systems, natural gas pipelines, and a natural gas processing facility, all located in the Western Eagle Ford in South Texas.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-2.110.451N/E
12/2017-2.900.451N/E
09/20172.770.4444.06
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

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.10Total Liab/Total Assets0.40
Net Inc/Total Assets-0.01Total Liab/Inv Cap0.42
Net Inc/Inv Cap-0.01Total Liab/Comm Equity-7.30
Pretax Inc/Net Sales-0.03Interest Coverage Ratio0.64
Net Inc/Net Sales-0.03Curr Debt/Equity-0.03
Cash Flow/Net Sales0.59LTD/Equity-6.41
SG&A/NetSales0.31Total Debt/Equity-6.43
Asset Utilization   Liquidity  
Net Receivables Turnover8.48Quick Ratio1.31
Inventory TurnoverNACurrent Ratio1.31
Inventory Day SalesNANet Rec/Curr Assets0.78
Net Sales/Work Cap21.43Inv/Curr AssetsNA
Net Sales/PP&E0.41  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 18.54 18.72 18.60 25.03
Cost of Goods Sold 4.82 5.01 4.40 6.95
Selling & Admin Exps 6.93 6.81 6.59 7.49
Operating Income 0.04 -0.04 0.57 1.41
Interest Exp 2.60 2.35 2.22 1.90
Pretax Income 1.44 0.29 3.77 0.56
Other Income -0.27 -0.81 2.55 0.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1.44 0.29 3.77 0.56

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 1.80 0.32 0.37 2.28
Receivables - Total 6.12 13.59 7.46 6.39
Inventories - Total NA NA NA NA
Total Current Assets 10.97 17.53 12.33 17.28
Net Property, Plant & Equipment 210.62 213.15 221.75 226.64
Total Assets 512.96 528.42 533.68 547.32
Liabilities        
Accounts Payable 11.58 12.51 7.22 16.60
Debt in Current Liabilities 1.05 0.76 0.02 0.02
Total Current Liabilities 12.76 13.41 7.23 16.62
Long-Term Debt 182.93 187.81 187.69 176.55
Total Liabilities 209.38 213.82 206.79 211.45
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock -40.86 -29.31 -16.52 -7.09
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity -40.86 -29.31 -16.52 -7.09
Total Liabilities and Stockholders' Equity 168.52 184.51 190.27 204.36

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 23.12 15.45 13.23 9.86
Net Cash Provided by Investing Activities -1.08 -0.08 -10.34 -15.69
Net Cash Provided by Financing Activities -20.56 -15.42 -4.55 5.37

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201344.08-28.54--
12/201477.279.50--
12/201568.43-137.06-0.31
12/201670.6819.230.00
12/201788.15-3.04-2.90
Growth Rates18.92----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18294,51529.64




Report Date : 7/16/2018

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