General | Quarterly / Earnings Reports
Access Touts Increased Throughput; Credits Texas, Marcellus Ops
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Access Midstream Partners L.P. reported financial results for the 2013 second quarter.
The Partnership’s adjusted EBITDA for the 2013 second quarter totaled $206.6 million, an increase of $85.7 million, or 70.9%, from 2012 second quarter adjusted EBITDA of $120.9 million. Net income attributable to the Partnership totaled $69.2 million in the 2013 second quarter, an increase of $17.6 million, or 34.1%, from the 2012 second quarter. Distributable cash flow (DCF) for the 2013 second quarter totaled $152.7 million, an increase of $65.4 million, or 74.9%, from 2012 second quarter DCF of $87.3 million and resulted in a distribution coverage ratio of 1.56. Financial terms are defined on pages two and three of this release.
Throughput for the 2013 second quarter totaled 333.5 billion cubic feet…
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