Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Access Midstream Partners LP    

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Chesapeake Midstream Partners, L.P. : Increases Distribution to $0.405 Per Unit for the 2012 First Quarter

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/27/2012 | 01:35pm CEST

Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the Board of Directors of its general partner declared a cash distribution of $0.405 per limited partner unit for the 2012 first quarter. The first quarter distribution represents an increase of $0.055, or 15.7%, compared to the 2011 first quarter and represents an increase of $0.015, or 3.8%, compared to the 2011 fourth quarter.

The distribution will be payable on May 15, 2012 to all unitholders of record at the close of business on May 8, 2012, together with the distribution to the general partner.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that 100% of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Chesapeake Midstream Partners, L.P. (NYSE:CHKM) is the industry's largest gathering and processing master limited partnership as measured by throughput volume and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, the Partnership's operations are focused on the Barnett Shale, Haynesville Shale, Marcellus Shale and Mid-Continent regions of the U.S. The Partnership's common units are listed on the New York Stock Exchange under the symbol CHKM. Further information is available at www.chkm.com where the Partnership routinely posts announcements, updates, events, investor information and presentations and all recent press releases.

This press release includes forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. They include but are not limited to future distributions and other statements concerning our business strategy and plans and objectives for future operations. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this release, and we undertake no obligations to update this information. Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance they will prove to be correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that could cause actual results to differ materially from expected results are described under "Risk Factors" in our 2011 Annual Report on Form 10-K.

Chesapeake Midstream Partners, L.P.
Investor Contact:
Dave Shiels, CFO, 405-935-6224
[email protected]
or
Media Contact:
Michael Kehs, 405-935-2560
[email protected]
or
Jim Gipson, 405-935-1310
[email protected]


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ACCESS MIDSTREAM PARTNERS
10/12 WILLIAMS PARTNERS LP : Partners to Report Third-Quarter 2017 Financial Results o..
10/10 WILLIAMS PARTNERS LP : Daily Technical Summary Reports on Oil and Gas Stocks -- ..
09/28 WILLIAMS PARTNERS LP : Reports Greenfield Construction Underway on Atlantic Sunr..
09/20 WILLIAMS PARTNERS LP : Commences Greenfield Pipeline Construction
09/19 WILLIAMS PARTNERS LP : US Williams begins greenfield construction on Marcellus g..
09/18 WILLIAMS PARTNERS LP : Gas pipeline plan in Meadowlands concerns environmentalis..
09/18 WILLIAMS PARTNERS LP : Pipeline expansion construction starts
09/18 WILLIAMS PARTNERS LP : Construction is underway on greenfield portion Williams P..
09/14 WILLIAMS PARTNERS LP : ' Transco Pipeline Seeks FERC Approval for Project to Ser..
09/01 WILLIAMS PARTNERS LP : Receives Key Pennsylvania DEP and U.S. Army Corps of Engi..
More news
Financials ($)
Sales 2017 7 697 M
EBIT 2017 2 451 M
Net income 2017 2 034 M
Debt 2017 15 913 M
Yield 2017 6,14%
P/E ratio 2017 19,94
P/E ratio 2018 20,71
EV / Sales 2017 7,05x
EV / Sales 2018 7,28x
Capitalization 38 332 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 45,4 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Stephen W. Bergstrom Chairman
Donald R. Chappel Chief Financial Officer & Director
Philip L. Frederickson Independent Director
James E. Scheel Director, Senior Vice President-Northeast G&P
Rory Lee Miller Director & Senior Vice President -Atlantic & Gulf
Sector and Competitors
1st jan.Capitalization (M$)
ACCESS MIDSTREAM PARTNERS LP38 332
CONOCOPHILLIPS-1.48%60 507
CNOOC LTD4.87%58 103
EOG RESOURCES INC-4.43%56 272
OCCIDENTAL PETROLEUM CORPORATION-9.13%49 422
CANADIAN NATURAL RESOURCES LIMITED-2.93%40 500