BP Midstream Partners LP (BP Midstream Partners LP) Cash And Cash Equivalents : $136.9 Mil (As of Dec. 2021)

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What is BP Midstream Partners LP Cash And Cash Equivalents?

BP Midstream Partners LP's quarterly cash and cash equivalents declined from Jun. 2021 ($137.30 Mil) to Sep. 2021 ($132.70 Mil) but then increased from Sep. 2021 ($132.70 Mil) to Dec. 2021 ($136.90 Mil).

BP Midstream Partners LP's annual cash and cash equivalents increased from Dec. 2019 ($98.80 Mil) to Dec. 2020 ($126.90 Mil) and increased from Dec. 2020 ($126.90 Mil) to Dec. 2021 ($136.90 Mil).

BP Midstream Partners LP Cash And Cash Equivalents Historical Data

The historical data trend for BP Midstream Partners LP's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BP Midstream Partners LP Cash And Cash Equivalents Chart

BP Midstream Partners LP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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32.69

56.97

98.80

126.90

136.90

BP Midstream Partners LP Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash And Cash Equivalents	Get a 7-Day Free Trial															126.90	129.40	137.30	132.70	136.90

BP Midstream Partners LP Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

BP Midstream Partners LP (NYSE:BPMP) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

BP Midstream Partners LP Cash And Cash Equivalents Related Terms

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BP Midstream Partners LP (BP Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP Midstream Partners LP (NYSE:BPMP) » Definitions » Cash And Cash Equivalents

Comparable Companies

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Traded in Other Exchanges

N/A

Address

501 Westlake Park Boulevard, Houston, TX, USA, 77079

Website

https://www.bpmidstreampartners.com

BP Midstream Partners LP is a US-based limited partnership. It owns, operates, develops, and acquires pipelines and other midstream assets. The company holds interests in entities that own crude oil, natural gas, refined products, and diluent pipelines serving as key infrastructure for the company to transport onshore crude oil production to whiting refinery and offshore crude oil and natural gas production. It transports oil and gas products to refining markets and trading and distribution hubs.

Executives

Starlee Sykes	director	501 WESTLAKE PARK BLVD HOUSTON TX 77079
Jack T Collins	director	210 PARK AVENUE SUITE 2750 OKLAHOMA CITY OK 73102
David Kurt	officer: Chief Operating Officer	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Derek Rush	officer: Chief Development Officer	501 WESTLAKE PARK BLVD HOUSTON TX 77079
Craig Coburn	director, officer: See Remarks	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Michele F Joy	director	910 LOUISIANA STREET, HOUSTON TX 77002
Robert A Malone	director	3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Gerald J Maret	officer: Chief Operating Officer	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Robert P Zinsmeister	director, officer: See Remarks	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Clive Christison	director	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Mark E Frena	officer: Chief Development Officer	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Douglas Sparkman	director	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Walter Clements	director	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Bp Midstream Partners Gp Llc	director, 10 percent owner	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Bp Midstream Partners Holdings Llc	director, 10 percent owner	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079