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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.03
MWE's Cash to Debt is ranked higher than
74% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.03 vs. MWE: 0.03 )
MWE' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.03

Equity to Asset 0.43
MWE's Equity to Asset is ranked higher than
81% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.38 vs. MWE: 0.43 )
MWE' s 10-Year Equity to Asset Range
Min: 0.03   Max: 1
Current: 0.43

0.03
1
Interest Coverage 1.62
MWE's Interest Coverage is ranked higher than
57% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.67 vs. MWE: 1.62 )
MWE' s 10-Year Interest Coverage Range
Min: 1.48   Max: 9999.99
Current: 1.62

1.48
9999.99
F-Score: 4
Z-Score: 1.35
M-Score: -2.26
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 14.79
MWE's Operating margin (%) is ranked higher than
79% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.56 vs. MWE: 14.79 )
MWE' s 10-Year Operating margin (%) Range
Min: -10   Max: 28.71
Current: 14.79

-10
28.71
Net-margin (%) 2.29
MWE's Net-margin (%) is ranked higher than
67% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.07 vs. MWE: 2.29 )
MWE' s 10-Year Net-margin (%) Range
Min: -16.07   Max: 30.84
Current: 2.29

-16.07
30.84
ROE (%) 0.93
MWE's ROE (%) is ranked higher than
62% of the 133 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.20 vs. MWE: 0.93 )
MWE' s 10-Year ROE (%) Range
Min: -99.92   Max: 35.59
Current: 0.93

-99.92
35.59
ROA (%) 0.41
MWE's ROA (%) is ranked higher than
63% of the 134 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.01 vs. MWE: 0.41 )
MWE' s 10-Year ROA (%) Range
Min: -3.94   Max: 24.7
Current: 0.41

-3.94
24.7
ROC (Joel Greenblatt) (%) 3.20
MWE's ROC (Joel Greenblatt) (%) is ranked higher than
60% of the 126 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.78 vs. MWE: 3.20 )
MWE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.73   Max: 23.76
Current: 3.2

-3.73
23.76
Revenue Growth (%) -15.10
MWE's Revenue Growth (%) is ranked higher than
60% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.50 vs. MWE: -15.10 )
MWE' s 10-Year Revenue Growth (%) Range
Min: -25.1   Max: 42.9
Current: -15.1

-25.1
42.9
EBITDA Growth (%) -6.30
MWE's EBITDA Growth (%) is ranked higher than
69% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. MWE: -6.30 )
MWE' s 10-Year EBITDA Growth (%) Range
Min: -31.8   Max: 61.1
Current: -6.3

-31.8
61.1
EPS Growth (%) 188.40
MWE's EPS Growth (%) is ranked higher than
99% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.50 vs. MWE: 188.40 )
MWE' s 10-Year EPS Growth (%) Range
Min: 0   Max: 233.5
Current: 188.4

0
233.5
» MWE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

MWE Guru Trades in Q1 2013

Chuck Akre 101,935 sh (New)
John Keeley 18,420 sh (unchged)
» More
Q2 2013

MWE Guru Trades in Q2 2013

Jim Simons 26,545 sh (New)
Chuck Akre 132,735 sh (+30.22%)
John Keeley 18,420 sh (unchged)
» More
Q3 2013

MWE Guru Trades in Q3 2013

Jim Simons 116,845 sh (+340.18%)
Chuck Akre 304,935 sh (+129.73%)
John Keeley 18,420 sh (unchged)
» More
Q4 2013

MWE Guru Trades in Q4 2013

Chuck Akre 704,935 sh (+131.18%)
Jim Simons 141,445 sh (+21.05%)
John Keeley 18,738 sh (+1.73%)
» More
» Details

Insider Trades

Latest Guru Trades with MWE

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Chuck Akre 2013-12-31 Add 131.18%0.96%$62.95 - $75.35 $ 64.87-6%704935
Chuck Akre 2013-09-30 Add 129.73%0.53%$65.81 - $71.57 $ 64.87-5%304935
Chuck Akre 2013-06-30 Add 30.22%0.09%$57.69 - $69.4 $ 64.871%132735
Chuck Akre 2013-03-31 New Buy0.35%$51.01 - $61.12 $ 64.8715%101935
John Keeley 2012-12-31 Add 313.93%0.02%$46.5 - $55.82 $ 64.8725%18420
John Keeley 2012-06-30 Add 42.06%0.01%$45.87 - $60.02 $ 64.8720%17900
Mario Gabelli 2011-06-30 Sold Out $42.95 - $51.53 $ 64.8737%0
John Keeley 2011-03-31 Add 95.8%$41.62 - $47.82 $ 64.8748%5700
Mario Gabelli 2011-03-31 Reduce -54.55%$41.62 - $47.82 $ 64.8748%4500
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about MarkWest Energy Partners LP

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During the past week, GuruFocus recognized 10 companies as dividend growers. In order to be qualified for this list, the company had to: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 298.60
MWE's P/E(ttm) is ranked lower than
81% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 30.60 vs. MWE: 298.60 )
MWE' s 10-Year P/E(ttm) Range
Min: 1.99   Max: 3438.46
Current: 298.6

1.99
3438.46
P/B 2.80
MWE's P/B is ranked higher than
55% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.60 vs. MWE: 2.80 )
MWE' s 10-Year P/B Range
Min: 0.35   Max: 33.35
Current: 2.8

0.35
33.35
P/S 6.30
MWE's P/S is ranked lower than
80% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.41 vs. MWE: 6.30 )
MWE' s 10-Year P/S Range
Min: 0.29   Max: 6.67
Current: 6.3

0.29
6.67
EV-to-EBIT 55.60
MWE's EV-to-EBIT is ranked lower than
74% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.34 vs. MWE: 55.60 )
MWE' s 10-Year EV-to-EBIT Range
Min: 4.1   Max: 84.8
Current: 55.6

4.1
84.8
PEG 10.90
MWE's PEG is ranked lower than
67% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. MWE: 10.90 )
MWE' s 10-Year PEG Range
Min: 10.7   Max: 55.55
Current: 10.9

10.7
55.55
Shiller P/E 82.40
MWE's Shiller P/E is ranked lower than
86% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 34.20 vs. MWE: 82.40 )
MWE' s 10-Year Shiller P/E Range
Min: 7.96   Max: 443.73
Current: 82.4

7.96
443.73

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.20
MWE's Dividend Yield is ranked higher than
67% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.31 vs. MWE: 5.20 )
MWE' s 10-Year Dividend Yield Range
Min: 4.42   Max: 32.58
Current: 5.2

4.42
32.58
Dividend Payout 14.07
MWE's Dividend Payout is ranked lower than
55% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. MWE: 14.07 )
MWE' s 10-Year Dividend Payout Range
Min: -256   Max: 160
Current: 14.07

-256
160
Dividend growth (3y) 9.30
MWE's Dividend growth (3y) is ranked higher than
84% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.80 vs. MWE: 9.30 )
MWE' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 65.2
Current: 9.3

0
65.2
Yield on cost (5-Year) 7.53
MWE's Yield on cost (5-Year) is ranked higher than
74% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.19 vs. MWE: 7.53 )
MWE' s 10-Year Yield on cost (5-Year) Range
Min: 6.4   Max: 47.21
Current: 7.53

6.4
47.21
Share Buyback Rate -31.80
MWE's Share Buyback Rate is ranked higher than
55% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.80 vs. MWE: -31.80 )
MWE' s 10-Year Share Buyback Rate Range
Min: 0   Max: -45.3
Current: -31.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.70
MWE's Price/Tangible Book is ranked higher than
61% of the 115 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.60 vs. MWE: 3.70 )
MWE' s 10-Year Price/Tangible Book Range
Min: 0.91   Max: 786.57
Current: 3.7

0.91
786.57
Price/Median PS Value 3.90
MWE's Price/Median PS Value is ranked lower than
80% of the 123 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. MWE: 3.90 )
MWE' s 10-Year Price/Median PS Value Range
Min: 0.21   Max: 4.02
Current: 3.9

0.21
4.02
Price/Graham Number 6.80
MWE's Price/Graham Number is ranked lower than
77% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.10 vs. MWE: 6.80 )
MWE' s 10-Year Price/Graham Number Range
Min: 0.3   Max: 46.66
Current: 6.8

0.3
46.66
Earnings Yield (Greenblatt) 1.80
MWE's Earnings Yield (Greenblatt) is ranked lower than
52% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. MWE: 1.80 )
MWE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.2   Max: 24.1
Current: 1.8

1.2
24.1
Forward Rate of Return (Yacktman) -8.16
MWE's Forward Rate of Return (Yacktman) is ranked higher than
62% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -0.95 vs. MWE: -8.16 )
MWE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.4   Max: 50.7
Current: -8.16

-10.4
50.7

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:WES, ENB, ETE, KMP, SE » details
Traded in other countries:MWT.Germany
MarkWest Energy Partners, L.P., a Delaware corporation was formed on January 2002. The Company is involved in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the gathering and transportation of crude oil. The Company conducts its operations in four geographical operating segments: Southwest, Northeast, Liberty and Utica. The Soutwest segment includes East Texas, Oklahoma, Javelina and Other Southwest areas. Its East Texas system consists of natural gas gathering pipelines, centralized compressor stations, a natural gas processing facility and an NGL pipeline. The East Texas system is located in Panola, Harrison and Rusk Counties and services the Carthage Field. Producing formations in Panola County consist of the Cotton Valley, Pettit Travis Peak, Haynesville and Bossier formations. The Company owns an extensive natural gas gathering system in the Woodford Shale play in the Arkoma Basin of southeast Oklahoma. It owns and operates the Javelina processing and fractionation facility in Corpus Christi, Texas that treats, processes and fractionates off-gas from six local refineries operated by three different refinery customers. The Company owns a number of natural gas gathering systems and lateral pipelines located in Texas, Louisiana and New Mexico, including the Appleby gathering system in Nacogdoches County, Texas. The Northeast segment includes Kentucky and southern West Virginia and Michigan. The assets of this segment include the Kenova, Boldman, Cobb, Kermit and the Langley natural gas processing complexes, an NGL pipeline, and the Siloam NGL fractionation facility. The Company owns and operates a FERC-regulated crude oil pipeline in Michigan providing interstate transportation service. The Liberty segment includes Marcellus Shale; the Company provides natural gas midstream services in southwest Pennsylvania and northern West Virginia through MarkWest Liberty Midstream. On January 1, 2012, the Company formed MarkWest Utica EMG, a joint venture with EMG focused on the development of fully integrated midstream services in the Utica Shale in eastern Ohio. The Company's competitors include natural gas midstream providers, of varying financial resources and experience, that gather, transport, process, fractionate, store and market natural gas and NGLs, major integrated oil companies, medium and large sized independent exploration and production companies and major interstate and intrastate pipelines. Its business is subject to federal, state and local laws and regulations with respect to environmental, safety and other regulatory matters.

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