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 CET

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
dave.shiels@chk.com
or
Media Contact:
Michael Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim Gipson, 405-935-1310
jim.gipson@chk.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ACCESS MIDSTREAM PARTNERS
02/17 WILLIAMS : Cos. reports higher 2016 results but still sees loss
02/16 WILLIAMS PARTNERS LP : Receives FERC Certificate Authorizing Atlantic Sunrise Pr..
02/16 WILLIAMS PARTNERS L.P. : Change in Directors or Principal Officers (form 8-K)
02/16 WILLIAMS PARTNERS LP : Agrees to Acquire Additional Interests in Two Marcellus S..
02/16 WILLIAMS PARTNERS LP : misses 4Q profit forecasts
02/15DJWillams Narrows Loss, Williams Partners Swings to Profit
02/15 WILLIAMS PARTNERS L.P. : Results of Operations and Financial Condition, Financia..
02/15 WILLIAMS : Reports 2016 Financial Results
02/14 WILLIAMS PARTNERS L.P. : Change in Directors or Principal Officers (form 8-K)
02/14 WILLIAMS : Appoints Micheal Dunn as Chief Operating Officer
More news
Sector news : Oil & Gas Exploration and Production - NEC
12:36aDJOil Search Swings Back to Profit
12:18aDJWoodside Names Wesfarmers CEO as Next Chairman
02/20 EXCLUSIVE - PETRONAS CONSIDERS $1 BI : sources
02/17 U.S. shale oil braces for the unfamiliar in 2017 - inflation
02/16DJEncana Posts Smaller Loss
More sector news : Oil & Gas Exploration and Production - NEC
Advertisement
Financials ($)
Sales 2017 7 720 M
EBIT 2017 2 491 M
Net income 2017 1 386 M
Debt 2017 18 532 M
Yield 2017 6,51%
P/E ratio 2017 24,76
P/E ratio 2018 21,68
EV / Sales 2017 5,57x
EV / Sales 2018 5,51x
Capitalization 24 508 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 43,5 $
Spread / Average Target 8,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Alan S. Armstrong Chairman & Chief Executive Officer
Donald R. Chappel Chief Financial Officer & Director
Robert S. Purgason Director & Senior Vice President-Central
Philip L. Frederickson Independent Director
James E. Scheel Director, Senior Vice President-Northeast G&P
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ACCESS MIDSTREAM PARTN..24 508
PACIFIC EXPLORATION AN..--.--%137 486
CONOCOPHILLIPS-5.25%58 866
EOG RESOURCES INC-2.05%57 118
CNOOC LTD-2.28%54 164
OCCIDENTAL PETROLEUM C..-6.96%50 643
More Results