General | Capital Markets | Capital Expenditure | Private Equity Activity
Rice Midstream Sets Budget at $180MM; Targets Expansion
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Rice Midstream Partners LP announced its 2015 capital budget and guidance.
Estimated capital investments and financial guidance include:
2015 capital budget of $180 million Adjusted EBITDA of $55 – $60 million Distributable cash flow of $48 - $53 million Average DCF coverage ratio of 1.1x to 1.2x during 2015 Forecasted 2015 annual distribution of $0.75/unit 2015 Capital BudgetWe expect to invest $180 million in capital expenditures during 2015, including $175 million of expansion capital investments and $5 million for maintenance related activities. We plan to spend $85 million constructing 29 miles of high pressure gas gathering pipelines and $90 million adding compression capacity in Washington and Greene Counties, Pennsylvania. By year end 2015, we expect to have 111 miles of high…
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