Key Developments: MarkWest Energy Partners LP (MWE)

MWE on New York Consolidated

69.85USD
22 Oct 2014
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Latest Key Developments (Source: Significant Developments)

MarkWest Energy Partners LP raises FY 2014 EBITDA guidance
Wednesday, 22 Oct 2014 04:26pm EDT 

MarkWest Energy Partners LP:Increases FY 2014 Adjusted EBITDA guidance to a range of $860 to $880 million.FY 2014 EBITDA of $848 million - Thomson Reuters I/B/E/S.  Full Article

MarkWest Energy Partners increases quarterly cash distribution
Wednesday, 22 Oct 2014 04:24pm EDT 

MarkWest Energy Partners LP:Declares a cash distribution of $0.89 per common unit, an increase of 4.7 pct, for the third quarter of 2014.Payable on Nov.14, to unitholders of record on Nov. 5.  Full Article

MarkWest Energy Partners LP gives FY 2014 EBITDA guidance in line with analysts' estimates
Wednesday, 6 Aug 2014 04:03pm EDT 

MarkWest Energy Partners LP:Forecasts FY 2014 Adjusted EBITDA in a range of $810 to $870 mln.FY 2014 EBITDA of $845 mln - Thomson Reuters I/B/E/S.  Full Article

MarkWest Energy Partners LP increases quarterly cash distribution
Thursday, 24 Jul 2014 04:20pm EDT 

MarkWest Energy Partners LP:Declares cash distribution of $0.88 per common unit for second quarter of 2014, for implied annual rate of $3.52 per common unit.Second quarter 2014 distribution represents increase of $0.04 per common unit.Distribution is payable Aug. 14, 2014, to unitholders of record on Aug. 05, 2014. The ex-dividend date is Aug. 01, 2014.  Full Article

MarkWest Energy Partners LP announces expansion of processing capacity in marcellus shale
Tuesday, 6 May 2014 07:44pm EDT 

MarkWest Energy Partners LP:Says expansion of rich gas processing capacity in the Marcellus Shale.The Partnership will continue developing its presence in America's most productive natural gas resource play with the addition of two new cryogenic processing plants at its Sherwood complex in Doddridge County, West Virginia and its Mobley Complex in Wetzel County, West Virginia.At the Sherwood complex, MarkWest will construct an additional 200 million cubic feet per day (MMcf/d) processing plant at the request of Antero Resources Corporation.The new plant is anchored by a long-term, fee-based contract and will expand total capacity at the Sherwood complex to 1.2 billion cubic feet (Bcf/d) by the second quarter of 2015.  Full Article

MarkWest Energy Partners LP increases quarterly cash distribution
Wednesday, 23 Apr 2014 12:30am EDT 

MarkWest Energy Partners LP:Declares cash distribution of $0.87 per common unit for the first quarter of 2014, for an implied annual rate of $3.48 per common unit.The distribution is payable May 15.Payable to unitholders of record on May 7.The ex-dividend date is May 5.  Full Article

MarkWest Energy Partners LP increases quarterly cash distribution
Wednesday, 22 Jan 2014 07:16pm EST 

MarkWest Energy Partners LP:Says that the board of directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.86 per common unit for the fourth quarter of 2013, for an implied annual rate of $3.44 per common unit.Says the fourth quarter 2013 distribution represents an increase of $0.04 per common unit, or 4.9 percent, compared to the fourth quarter 2012 distribution and an increase of $0.01 per common unit, or 1.2 percent, compared to the third quarter 2013 distribution.Says the fourth quarter 2013 distribution is payable Feb. 14, to unitholders of record on Feb. 6.Says the ex-dividend date is Feb. 4.  Full Article

MarkWest Energy Partners LP and The Energy & Minerals Group announce agreements with Gulfport Energy Corp for development of condensate solutions in Utica Shale and formation of new joint venture
Thursday, 19 Dec 2013 06:54pm EST 

MarkWest Energy Partners LP and The Energy & Minerals Group (EMG):Says the execution of definitive agreements with Gulfport Energy Corp to provide stabilization services and potential gathering services for condensate produced within an area that includes Belmont, Harrison, Guernsey, Noble, and Monroe counties, Ohio.Says in conjunction with these agreements, MarkWest and EMG will form Ohio Condensate Company, LLC, a new joint venture related to the development of facilities and services to support the rapid growth of condensate production occurring in the liquids-rich areas of the Utica Shale.Says Discussions regarding the joint venture's condensate solutions are also underway with numerous other Utica producers.  Full Article

MarkWest Energy Partners LP announces sale of common units under equity distribution agreement
Tuesday, 17 Dec 2013 04:17pm EST 

MarkWest Energy Partners LP:Agrees to sell about 4,750,000 common units pursuant to a terms agreement under its equity distribution agreement with Citigroup Global Markets Inc for total gross proceeds of about $301.15 mln.Says in addition, 250,000 common units will be sold by M&R MWE Liberty, LLC.Says it has granted the Sales Agent a 30-day option to purchase a maximum of 712,500 additional common units, and the Selling Unitholder has granted the Sales Agent a 30-day option to purchase a maximum of 37,500 additional common units.Intends to use the net proceeds of this offering for general partnership purposes, which may include, among other things paying or refinancing a portion of its outstanding indebtedness and funding working capital, its capital expenditure program or acquisitions.Says it will not receive any of the proceeds from the sale of common units by the Selling Unitholder.Says offering is expected to close on Dec. 23.  Full Article

Markwest Energy Partners LP Announces Completion Of Definitive Agreements With Antero Resources Corp To Expand Its Sherwood Processing Complex In The Marcellus Shale To 1 Bcf/d
Thursday, 7 Nov 2013 07:15am EST 

MarkWest Energy Partners LP announced the completion of long-term, fee-based agreements with Antero Resources for the development of an additional cryogenic gas processing plant at the Partnership`s Sherwood complex in Doddridge County, West Virginia. Under terms of the agreements, MarkWest will construct a fifth 200 million cubic feet per day (MMcf/d) processing facility that is expected to begin operations in the third quarter of 2014. Upon completion of the new plant, the Sherwood complex will have 1 billion cubic feet per day (Bcf/d) of total processing capacity.  Full Article

MarkWest Pennsylvania natgas plant returns to service

July 23 - MarkWest Energy Partners LP's Plant III at its Houston natural gas processing and fractionation complex in Washington County, Pennsylvania, has returned to service after nearly two months, the company said.

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