JP Energy Partners LP announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. The company reported a net loss of $2.4 million for the second quarter of 2016, compared to a net loss of $4.9 million for the second quarter of 2015. The company reported adjusted EBITDA of $14.9 million for the second quarter of 2016, compared to $7.1 million for the second quarter of 2015. Total revenues were $130.8 million compared with $199.4 million a year ago. Operating loss was $0.6 million compared with $4.2 million a year ago. Loss from continuing operations before income taxes was $2.2 million compared with $5.3 million a year ago. Loss from continuing operations was $2.4 million compared with $5.5 million a year ago. Net loss from continuing operations allocated to common units was $1.1 million or $0.06 per basic and diluted share compared with $2.7 million or $0.15 per basic and diluted share a year ago. Net loss allocated to common units was $1.1 million or $0.06 per basic and diluted share compared with $2.4 million or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $9.9 million compared with $15.9 million a year ago.

For the six months ended June 30, 2016, the company reported a net loss of $5.6 million, compared to a net loss of $4.3 million for the six months ended June 30, 2015. The company reported adjusted EBITDA of $29.1 million for the first six months of 2016, compared to $22.2 million for the first six months of 2015. Total revenues were $228.3 million compared with $372.7 million a year ago. Operating loss was $0.47 million compared with $2.0 million a year ago. Loss from continuing operations before income taxes was $4.5 million compared with $4.2 million a year ago. Loss from continuing operations was $5.1 million compared with $4.4 million a year ago. Net loss was $5.6 million compared with $4.3 million a year ago. Net loss from continuing operations allocated to common units was $2.5 million or $0.13 per basic and diluted share compared with $2.1 million or $0.12 per basic and diluted share a year ago. Net loss allocated to common units was $2.7 million or $0.15 per basic and diluted share compared with $2.1 million or $0.11 per basic and diluted share a year ago. Net cash provided by operating activities was $30.98 million compared with $19.3 million a year ago.

The company is updating its financial guidance from full year adjusted EBITDA in 2016 of $50 million-$56 million to adjusted EBITDA of $42 million-$48 million. The reduced guidance is primarily attributable to lower volumes in its NGL Distribution and Sales segment. The company announced guidance for full year 2016 growth capital expenditures in the range Of $25 million-$35 million.