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BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP Reports Operating Results (10-Q)

November 06, 2012 | About:
10qk

10qk

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BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP (BBEP) filed Quarterly Report for the period ended 2012-09-30.

Breitburn Energy Partners Lp has a market cap of $1.58 billion; its shares were traded at around $20.19 with a P/E ratio of 57.1 and P/S ratio of 3.3. The dividend yield of Breitburn Energy Partners Lp stocks is 9.2%.

Highlight of Business Operations:

Total oil, natural gas liquids ("NGLs") and natural gas sales revenues increased $14.3 million for the three months ended September 30, 2012 compared to the three months ended September 30, 2011. Crude oil and NGLs revenues increased $14.0 million due to 156 MBoe higher crude oil and NGLs sales volumes, primarily due to higher oil production from our Wyoming and Texas properties acquired in 2011 and 2012 and slightly higher oil prices, partially offset by $3.1 million lower East Coyote and Sawtelle Fields revenue primarily due to a decrease in our working interests from 95% to 62% attributable to a payout reversion that was effective April 1, 2012. Natural gas revenue increased $0.3 million primarily due to 40% higher sales volumes driven by production from our southwestern Wyoming and Texas properties, partially offset by lower natural gas prices.

Total oil, NGLs and natural gas sales revenues increased $16.0 million for the nine months ended September 30, 2012 compared to the nine months ended September 30, 2011. Crude oil and NGLs revenues increased $26.7 million due to higher sales volumes, primarily due to oil production from our Wyoming and Texas properties acquired in 2011 and 2012 and

For the three months ended September 30, 2012 and 2011, the change in inventory account amounted to charges of $0.9 million and $1.6 million, respectively. The charges to the change in inventory account during the three months ended September 30, 2012 and September 30, 2011 reflect the higher amount of barrels sold than produced during the periods due to the timing of Florida sales. The decrease in the change in inventory account charge year over year is primarily due to an increase in change in inventory account costs during the third quarter of 2012.

Read the The complete Report

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