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JP Energy Partners Talks Permian Growth, 4Q Results Post-IPO
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JP Energy Partners LP announced fourth quarter and full-year 2014 financial and operating results.
JP Energy reported Adjusted EBITDA of $12.1 million for the fourth quarter of 2014 and $38.9 million for the year ended December 31, 2014, excluding $2.1 million and $7.2 million, respectively, of non-recurring charges that were primarily associated with our IPO and the previously disclosed product measurement and quality control issue in our Refined Products Terminals segment that was substantially settled in the fourth quarter.
J. Patrick Barley, Chairman and Chief Executive Officer of JP Energy, commented: "Since the completion of our IPO in October, we are focused on executing our growth plan in spite of challenging industry conditions. We are focused on maintaining our strong balance…
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