Key Developments: Eagle Rock Energy Partners LP (EROC.OQ)

EROC.OQ on NASDAQ Stock Exchange Global Select Market

4.76USD
11 Jul 2014
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$-0.02 (-0.42%)
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Latest Key Developments (Source: Significant Developments)

Regency Energy Partners LP closes on acquisition of Midstream Business of Eagle Rock Energy Partners L P
Tuesday, 1 Jul 2014 09:25am EDT 

Regency Energy Partners LP:Announced that it has closed on its previously announced acquisition of the midstream business of Eagle Rock Energy Partners, LP for a combination of cash, Regency common units and assumption of indebtedness.Issued about 8.2 million Regency common units to Eagle Rock and assumed about $500 million of outstanding Eagle Rock senior notes and exchanged those notes into Regency senior notes.  Full Article

Eagle Rock Energy Partners announces change in executive team
Monday, 12 May 2014 06:57pm EDT 

Eagle Rock Energy Partners:Says Jeff Wood, Senior Vice President and Chief Financial Officer, will resign effective May 30.Upon Wood's departure, Eagle Rock intends to appoint as Chief Financial Officer, on an interim basis.  Full Article

Eagle Rock Energy Partners LP announces suspension of distribution
Wednesday, 23 Apr 2014 06:29pm EDT 

Eagle Rock Energy Partners:Announces a suspension of quarterly distribution in order to preserve liquidity in advance of closing the contribution of Midstream Business to Regency Energy Partners LP.  Full Article

Robbins Geller Rudman & Dowd LLP files class action suit against Eagle Rock Energy Partners LP
Friday, 21 Mar 2014 08:03pm EDT 

Robbins Geller Rudman & Dowd LLP:Commences class action in the United States District Court for Southern District of Texas on behalf of holders of Eagle Rock Energy Partners LP common units on Dec. 23, 2013 in connection with acquisition of Eagle Rock by Regency Energy Partners LP and Regal Midstream LLC.Complaint alleges that Eagle Rock, Eagle Rock Energy G&P, LLC, general partner of Eagle Rock Energy GP, LP, members of LLC's board of directors, Regency LP and Regal breached their duties and/or aided and abetted breaches of duties in connection with acquisition of Eagle Rock by Regency.In addition, complaint charges Eagle Rock, LLC, GP and the with violations of ยงยง14(a) and 20(a) of Securities Exchange Act of 1934, arising out of these defendants' dissemination of a false and misleading proxy statement in connection with proposed acquisition.  Full Article

Rigrodsky & Long, P.A. files class action lawsuit against Eagle Rock Energy Partners Lp
Thursday, 6 Mar 2014 06:06pm EST 

Rigrodsky & Long, P.A:Files a complaint alleging breaches of fiduciary duty and other violations of law has been filed in the United States District Court for the Southern District of Texas against the board of directors of Eagle Rock Energy Partners, L.P.In connection with the company's entry into an agreement to sell its midstream business to Regency Energy Partners LP in a transaction valued at about $1.3 bln.Under the terms of the agreement, Regency is exchanging $550 mln of Eagle Rock debt (in the form of outstanding senior unsecured notes) for an equivalent amount of Regency senior unsecured notes.Receives $200 mln of newly-issued common units and about $520 mln in cash from Regency.  Full Article

Eagle Rock Energy Partners Lp announces fourth quarter 2013 cash distribution
Monday, 27 Jan 2014 06:18pm EST 

Eagle Rock Energy Partners Lp:Says it has declared a cash distribution for the quarter ended Dec. 31, 2013 of $0.15 per common unit (including eligible restricted common units), equivalent to $0.60 per unit on an annualized basis.Says the distribution will be paid on Feb. 14, to unitholders of record as of the close of business on Feb. 7, and represents no change from the distribution of $0.15 per common unit paid with respect to the third quarter.  Full Article

Eagle Rock Energy Partners Lp gives Q3 2013 EBITDA guidance in line with analysts' estimates
Monday, 28 Oct 2013 05:45pm EDT 

Eagle Rock Energy Partners Lp:Says Q3 2013 adjusted EBITDA of about $62.8 million.Q3 2013 EBITDA of $63 million - Thomson Reuters I/B/E/S Estimates.  Full Article

Eagle Rock Energy Partners Lp Announces Second Quarter 2013 Cash Distribution
Tuesday, 23 Jul 2013 05:12pm EDT 

Eagle Rock Energy Partners Lp announced that it has declared a cash distribution for the quarter ended June 30, 2013 of $0.22 per common and eligible restricted unit, equivalent to $0.88 per unit on an annualized basis. This distribution is equal to the distribution paid for the first quarter 2013. The distribution will be paid onAugust 14, 2013, to unitholders of record as of the close of business on August 7, 2013.  Full Article

Eagle Rock Energy Partners Lp Announces First Quarter 2013 Cash Distribution
Tuesday, 23 Apr 2013 04:30pm EDT 

Eagle Rock Energy Partners Lp announced that it declared a cash distribution for the quarter ended March 31, 2013 of $0.22 per common unit, equivalent to $0.88 per unit on an annualized basis. This distribution is equal to the distribution paid for the fourth quarter 2012. The distribution will be paid on May 15, 2013, to unitholders of record as of the close of business on May 7, 2013.  Full Article

Eagle Rock Energy Partners Lp Prices Public Offering Of Common Units
Wednesday, 13 Mar 2013 08:50am EDT 

Eagle Rock Energy Partners Lp announced that it has priced an upsized underwritten public offering of 9,000,000 of common units representing limited partner interests at $9.31 per common unit. The upsized offering is expected to close on March 18, 2013. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,350,000 additional common units. The Partnership intends to use the net proceeds of the offering, including the proceeds from any exercise of the option, to repay a portion of the outstanding borrowings under credit facility. RBC Capital Markets, BofA Merrill Lynch, Citigroup, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers of the offering.  Full Article

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