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Also traded in: Germany

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 : 4/10

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Interest Coverage 1.68
MWE's Interest Coverage is ranked lower than
85% of the 104 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.23 vs. MWE: 1.68 )
Ranked among companies with meaningful Interest Coverage only.
MWE' s Interest Coverage Range Over the Past 10 Years
Min: 0  Med: 0 Max: 1.68
Current: 1.68
0
1.68
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

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» MWE's 30-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

MWE Guru Trades in

MWE Guru Trades in

Q2 2015

MWE Guru Trades in Q2 2015

Keeley Asset Management Corp 5,369 sh (unchged)
Chuck Akre Sold Out
» More
Q3 2015

MWE Guru Trades in Q3 2015

Keeley Asset Management Corp Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with MWE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream  
Compare:AMEX:LNG, NYSE:TRGP, NYSE:WGP, NYSE:WES, NYSE:BPL, NYSE:EEP, TSX:IPL, NYSE:ENBL, AMEX:CQP, NYSE:SEP, TSX:KEY, NYSE:EQM, NYSE:AM, NYSE:PSXP, TSX:ENF, AMEX:CQH, NYSE:ENLK, TSX:PPL, NYSE:ANDX, NYSE:SHLX » details
Traded in other countries:MWT.Germany,
Headquarter Location:USA


MarkWest Energy Partners LP a Delaware corporation was formed in Delaware on January 24, 2002. The Company is engaged 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 has presence in many unconventional gas plays including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation. The Company conducts operations in the following operating segments: Marcellus, Utica, Northeast and Southwest. Its primary business is to provide top-tier midstream services by developing and operating high-quality, strategically located assets in the liquids-rich areas of six core natural gas producing resource plays in the United States. The Company provides services in the midstream sector of the natural gas industry. The midstream natural gas industry is the link between the exploration for and production of natural gas and the delivery of its hydrocarbon components to end-use markets. In the Marcellus segment, it provides fully integrated natural gas midstream services in southwestern Pennsylvania and northern West Virginia through its wholly owned subsidiary, MarkWest Liberty Midstream. The Company operates five processing complexes in its Marcellus segment that include the Houston Complex located in Washington County, Pennsylvania: the Majorsville Complex located in Marshall County, West Virginia; the Mobley Complex located in Wetzel County, West Virginia; the Sherwood Complex located in Doddridge County, West Virginia; and the Keystone Complex located in Butler County, Pennsylvania. In addition, it operates two gathering systems: one currently delivering over 475 MMcf/d of natural gas to its Houston and Majorsville Complexes and the other delivering over 74 MMcf/d of natural gas to its Keystone complex. MarkWest Utica EMG provides gathering, processing, fractionation and marketing services in the liquids-rich corridor of the Utica Shale in eastern Ohio. In each of its operating segments, the company faces competition for natural gas gathering, crude oil transportation and in obtaining natural gas supplies for its processing and related services; in obtaining unprocessed NGLs for gathering and fractionation; and in marketing its products and services. The Company's processing and fractionation plants, pipelines and associated facilities are subject to multiple obligations and potential liabilities under a variety of stringent and comprehensive federal, regional, state and local laws and regulations governing discharges of materials into the environment or otherwise relating to environmental protection.

Ratios

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Dividend & Buy Back

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Dividend Yield % 8.81
MWE's Dividend Yield % is ranked higher than
58% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.54 vs. MWE: 8.81 )
Ranked among companies with meaningful Dividend Yield % only.
MWE' s Dividend Yield % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 8.81
Dividend Payout Ratio 368.77
MWE's Dividend Payout Ratio is ranked lower than
99.99% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.11 vs. MWE: 368.77 )
Ranked among companies with meaningful Dividend Payout Ratio only.
MWE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 368.77
Forward Dividend Yield % 8.96
MWE's Forward Dividend Yield % is ranked higher than
54% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.88 vs. MWE: 8.96 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 8.81
MWE's 5-Year Yield-on-Cost % is ranked lower than
88% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.11 vs. MWE: 8.81 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
MWE' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 8.81

Valuation & Return

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More Statistics

Revenue (TTM) (Mil) $1,939.49
EPS (TTM) $ -0.27
Short Percentage of Float2.06%
52-Week Range $37.28 - 71.00
Shares Outstanding (Mil)205.92

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue (Mil $) 1,919 2,451 2,998 3,188
EPS ($) -0.32 0.98 1.76 2.48
EPS without NRI ($) -0.32 0.98 1.76 2.48
EPS Growth Rate
(Future 3Y To 5Y Estimate)
55.90%
Dividends per Share ($) 3.70 3.86 4.09 4.28

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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