MWE — is it a buy?

• #58 - 1

MarkWest Energy Partners (MWE) reported earnings on Wed 4 Nov 2015 (before open)

** charts before earnings **

** charts after earnings **

MarkWest Energy beats by $0.01, misses on revs; Special meeting for merger with MPLX is Dec 1 :

• Reports Q3 (Sep) earnings of $0.15 per share, $0.01 better than the Capital IQ Consensus of $0.14; revenues fell 21.9% year/year to $474.3 mln vs the $537.03 mln Capital IQ Consensus. 
• Reported DCF of $176.0 million and Adjusted EBITDA of $230.3 million for the third quarter 2015.
• Reported record total gas volumes of 5.8 Bcf/d for the third quarter 2015, an increase of 28 percent from the third quarter 2014 Processing capacity utilization averaged ~75 percent during the third quarter 2015, while the Partnership's total processing capacity increased by almost 18% since June 2015.
• The Partnership declared a record date of October 5, 2015 and has scheduled a special meeting of common unitholders to be held on Tuesday, December 1, 2015, at 9:00 a.m. Mountain Standard Time. to vote on the merge with MPLX.

© Artremis / Eva Sawicka (11/4/15)

MarkWest Energy Partners (MWE) was acquired by MPLX LP (MPLX) for $20 billion

MarkWest Energy Partners (MWE) acquired by MPLX LP (MPLX) for approximately $20 billion, including the assumption of debt of approximately $4.2 billion. (July 10, 2015)