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Eagle Rock Details 2015 Spending Plans; 4Q Results
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Eagle Rock Energy Partners, L.P. announced its unaudited financial results for the full year 2014 and three months ended December 31, 2014 as well as its 2015 guidance.
Fourth Quarter 2014 Highlights Distributable cash flow per unit increased 17% over third quarter 2014 to $0.12/unit, equivalent to $17.9 million Announced a distribution of $0.07/unit for the fourth quarter, or $0.28/unit annualized Distribution coverage of 1.7x distributable cash flow for the fourth quarter Average daily production of 75.4 MMcfe/d in the fourth quarter compared to 75.1 MMcfe/d in the third quarter 2014 Adjusted EBITDA of $34.5 million for the fourth quarter compared to $35.4 million for the third quarter 2014, as lower realized prices were partially offset by higher production volumes, lower operating…- ✓ Full news archive — U.S., Canada & international coverage
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