This is the group of companies who raised their dividend during the week: BREITBURN ENERGY PARTNERS, L.P., Williams Partners L.P., Boardwalk Pipeline Partners LP, Alliance Holdings GP L.P., and Suburban Propane Partners L.P.
BreitBurn Energy Partners L.P. is an independent oil and gas limited partnership, recently formed by a subsidiary of Provident Energy Trust, focused on the acquisition, exploitation and development of oil and gas properties. Breitburn Energy Partners, L.p. - Common Units Rep has a market cap of $884.7 million; its shares were traded at around $16.6 with a P/E ratio of 35.2 and P/S ratio of 4.4. This master limited partnership raised distributions by 2% to 38.25 cents/unit. The partnership suspended distributions in 2009 and reinstated them back in 2010. Yield: 9.80%
BreitBurn Energy Partners L.P. announced financial and operating results for its second quarter of 2010. Net income, including the effect of unrealized gains on commodity derivative instruments, was $53.6 million, or $0.94 per diluted limited partner unit, in the second quarter of 2010 compared to net income of $57.9 million, or $1.02 per diluted limited partner unit, in the first quarter of 2010. Oil and natural gas sales revenues, including realized gains and losses on commodity derivative instruments, were $100.5 million in the second quarter of 2010, up from $92.6 million in the first quarter of 2010.
BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP is owned by Seth Klarman.
CEO Halbert S Washburn sold shares of BBEP stock.
General Counsel & Executive VP Gregory C Brown and Vice President & Controller Lawrence C Smith bought shares of BBEP stock.
Williams Partners L.P. reported net income of $538 million, compared with $398 million for the same period in 2009. Net income per common LP unit for the first half of the year was $1.24, compared with $0.84 per unit in the first half of 2009.
Williams Partners L.P. is owned by Jean-Marie Eveillard.
CFO Donald R Chappel bought shares of WPZ stock.
Boardwalk Pipeline Partners, LP announced today its results for the second quarter ended June 30, 2010. Net income was $54.4 million for the quarter and $144.7 million for the six months ended June 30, 2010, a 168% and 100% increase from $20.3 million and $72.3 million in the comparable 2009 period.
Boardwalk Pipeline Partners LP is owned by John Keeley.
Director, 10% Owner Pipelines Holding Co Boardwalk sold shares of BWP stock.
Alliance Holdings GP, L.P. announced that the Board of Directors of its general partner declared a quarterly cash distribution for the quarter ended March 31, 2010 (the "2010 Quarter") of $0.465 per unit, or an annualized rate of $1.86 per unit, which will be paid on May 20, 2010, to AHGP's unitholders of record as of the close of trading on May 13, 2010. AHGP also reported net income for the 2010 Quarter of $41.0 million, or $0.69 per basic and diluted limited partner unit, an increase of 5.7% compared to net income for the 2009 Quarter of $38.8 million, or $0.65 per basic and diluted limited partner unit.
Director Robert J Druten bought shares of AHGP stock.
Suburban Propane Partners, L.P. announced results for its third quarter ended June 26, 2010. Net loss for the three months ended June 26, 2010, narrowed to $6.6 million, or $0.19 per Common Unit, compared to a net loss of $7.4 million, or $0.23 per Common Unit, in the prior year third quarter.
President and CEO Michael J Jr Dunn, Vice Pres., Field Operations Steven C Boyd, and Vice President-Product Supply Douglas Brinkworth sold shares of SPH stock.
BREITBURN ENERGY PARTNERS, L.P. (BBEP, Financial)
BreitBurn Energy Partners L.P. is an independent oil and gas limited partnership, recently formed by a subsidiary of Provident Energy Trust, focused on the acquisition, exploitation and development of oil and gas properties. Breitburn Energy Partners, L.p. - Common Units Rep has a market cap of $884.7 million; its shares were traded at around $16.6 with a P/E ratio of 35.2 and P/S ratio of 4.4. This master limited partnership raised distributions by 2% to 38.25 cents/unit. The partnership suspended distributions in 2009 and reinstated them back in 2010. Yield: 9.80%
BreitBurn Energy Partners L.P. announced financial and operating results for its second quarter of 2010. Net income, including the effect of unrealized gains on commodity derivative instruments, was $53.6 million, or $0.94 per diluted limited partner unit, in the second quarter of 2010 compared to net income of $57.9 million, or $1.02 per diluted limited partner unit, in the first quarter of 2010. Oil and natural gas sales revenues, including realized gains and losses on commodity derivative instruments, were $100.5 million in the second quarter of 2010, up from $92.6 million in the first quarter of 2010.
BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP is owned by Seth Klarman.
CEO Halbert S Washburn sold shares of BBEP stock.
General Counsel & Executive VP Gregory C Brown and Vice President & Controller Lawrence C Smith bought shares of BBEP stock.
Williams Partners L.P. (WPZ, Financial)
Williams Partners, through its subsidiaries, primarily finds, produces, gathers, processes and transports natural gas. Williams Partners L.p. has a market cap of $2.45 billion; its shares were traded at around $46.5 with a P/E ratio of 14.2 and P/S ratio of 5.3. The partnership raised distributions by 2-percent over the partnership's first-quarter 2010 distribution of $0.6575 per unit and a 6-percent increase over the partnership's second-quarter 2009 distribution of $0.635 per unit. This MLP has raised distributions since 2006. Yield: 5.80%Williams Partners L.P. reported net income of $538 million, compared with $398 million for the same period in 2009. Net income per common LP unit for the first half of the year was $1.24, compared with $0.84 per unit in the first half of 2009.
Williams Partners L.P. is owned by Jean-Marie Eveillard.
CFO Donald R Chappel bought shares of WPZ stock.
Boardwalk Pipeline Partners LP (BWP, Financial)
Boardwalk Pipeline Partners LP is a master limited partnership engaged through its subsidiaries, Texas Gas Transmission, LLC and Gulf South Pipeline Company, LP, in the interstate transportation and storage of natural gas. Boardwalk Pipeline Partners Lp has a market cap of $6.03 billion; its shares were traded at around $31.3 with a P/E ratio of 25.6 and P/S ratio of 6.6. The company raised distributions by 1% to 51 cents/unit. This MLP has consistently raised distributions since 2006.Yield:6.60%Boardwalk Pipeline Partners, LP announced today its results for the second quarter ended June 30, 2010. Net income was $54.4 million for the quarter and $144.7 million for the six months ended June 30, 2010, a 168% and 100% increase from $20.3 million and $72.3 million in the comparable 2009 period.
Boardwalk Pipeline Partners LP is owned by John Keeley.
Director, 10% Owner Pipelines Holding Co Boardwalk sold shares of BWP stock.
Alliance Holdings GP L.P. (AHGP, Financial)
Alliance Holdings GP, L.P., through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. Alliance Holdings Gp L.p. has a market cap of $2.31 billion; its shares were traded at around $38.64 with a P/E ratio of 16.8 and P/S ratio of 1.9. This MLP raised its quarterly distribution to 48.25 cents/unit. This MLP has consistently raised distributions since 2007. Yield: 5.10%Alliance Holdings GP, L.P. announced that the Board of Directors of its general partner declared a quarterly cash distribution for the quarter ended March 31, 2010 (the "2010 Quarter") of $0.465 per unit, or an annualized rate of $1.86 per unit, which will be paid on May 20, 2010, to AHGP's unitholders of record as of the close of trading on May 13, 2010. AHGP also reported net income for the 2010 Quarter of $41.0 million, or $0.69 per basic and diluted limited partner unit, an increase of 5.7% compared to net income for the 2009 Quarter of $38.8 million, or $0.65 per basic and diluted limited partner unit.
Director Robert J Druten bought shares of AHGP stock.
Suburban Propane Partners L.P. (SPH, Financial)
Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. Suburban Propane Partners L.p. has a market cap of $1.72 billion; its shares were traded at around $48.67 with a P/E ratio of 12.8 and P/S ratio of 1.5. The partnership raised its quarterly distributions from 84 to 84.50 cents/unit. This master limited partnership has consistently increased distributions since 1999. Yield: 6.90%Suburban Propane Partners, L.P. announced results for its third quarter ended June 26, 2010. Net loss for the three months ended June 26, 2010, narrowed to $6.6 million, or $0.19 per Common Unit, compared to a net loss of $7.4 million, or $0.23 per Common Unit, in the prior year third quarter.
President and CEO Michael J Jr Dunn, Vice Pres., Field Operations Steven C Boyd, and Vice President-Product Supply Douglas Brinkworth sold shares of SPH stock.
