9 Sept 2015securities registration● Neutral
Breitburn Energy Partners LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Aug 2015quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $102.7 million for the period ended 2015-06-30.
6 Aug 2015quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $102.7 million for the period ended 2015-06-30.
12 June 2015securities registration● Neutral
Breitburn Energy Partners LP registered a securities offering with the SEC using its shelf eligibility.
19 May 2015securities registration● Neutral
Breitburn Energy Partners LP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
5 May 2015quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $306.3 million for the period ended 2015-03-31.
5 May 2015quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $306.3 million for the period ended 2015-03-31.
16 Jan 2015securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
8 Jan 2015securities registration● Neutral
Breitburn Energy Partners LP registered a securities offering with the SEC using its shelf eligibility.
24 Nov 2014asset acquisition disposition▼ BadMajor
The QR Energy merger closed on 19 November 2014 after 97% approval, roughly doubling Breitburn's size and adding QR's debt to its own. It closed with oil already 25% below its June peak, and the enlarged, heavily indebted partnership had eighteen months left.
24 Nov 2014securities registration● Neutral
Breitburn Energy Partners LP amended its automatic shelf registration statement.
10 Nov 2014business combination● Neutral
QR Energy unitholders had sued claiming the merger price and process were unfair; the parties agreed in principle to settle, with no change to the timetable or the consideration.
5 Nov 2014quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $363.9 million for the period ended 2014-09-30.
5 Nov 2014quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $363.9 million for the period ended 2014-09-30.
28 Oct 2014capital raising announcement● Neutral
Bought Midland Basin acreage adjoining its own from Australia's Antares Energy for $50 million cash plus 4.3 million units. Management said openly it was in discussions to make the Permian position more "MLP friendly" - an acknowledgement that shale development did not fit a partnership built to pay out its cash flow.
17 Oct 2014securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
10 Oct 2014material agreement● Neutral
Sold 14 million units at $18.64 for about $252 million to reduce bank borrowings, weeks before the QR Energy merger closed.
8 Oct 2014securities registration● Neutral
Breitburn Energy Partners LP filed a prospectus supplement for an offering off its existing shelf.
7 Oct 2014securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
6 Oct 2014securities registration● Neutral
Breitburn Energy Partners LP filed a prospectus supplement for an offering off its existing shelf.
5 Aug 2014quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $93.1 million for the period ended 2014-06-30.
29 July 2014business combination● NeutralMajor
Agreed to buy QR Energy LP in an all-unit merger valuing it at about $3.0 billion including debt, at 0.9856 Breitburn units per QR unit. Announced in July 2014, weeks before the oil price began its two-year collapse - Breitburn was doubling its size at the top of the cycle and paying in its own units.
24 July 2014quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $93.1 million for the period ended 2014-06-30.
21 May 2014listing compliance notice▲ GoodMajor
Nasdaq certified Breitburn Energy Partners LP's securities for listing, clearing them to begin trading.
20 May 2014material agreement● NeutralMajor
Sold 8 million 8.25% Series A preferred units at $25 for about $193 million. Preferred units cost more than the common distribution but did not dilute unitholders - the first sign that ordinary equity was becoming harder to sell.
15 May 2014securities registration● Neutral
Breitburn Energy Partners LP filed a prospectus supplement for an offering off its existing shelf.
15 May 2014securities registration● Neutral
Breitburn Energy Partners LP filed a free-writing prospectus - marketing material for an offering in progress.
14 May 2014securities registration● Neutral
Breitburn Energy Partners LP filed a prospectus supplement for an offering off its existing shelf.
8 May 2014quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $184.9 million for the period ended 2014-03-31.
8 May 2014quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $184.9 million for the period ended 2014-03-31.