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BP MIDSTREAM PARTNERS LP

(BPMP)
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Https://www.bp.com/en/global/bp-midstream-partners/press-office/press-releases/bp-midstream-partners-reports-first-quarter-BP Midstream Partners Reports First Quarter 2021 Results

05/06/2021 | 08:09am EDT
  • Well-underpinned distribution; unique and differentiated investment proposition
  • Improved operational results - pipeline gross throughput +8% higher than the fourth quarter of 2020; driven by increased offshore pipeline throughput
  • Financial results consistent with guidance previously provided - an example of 'doing what we say we are going to do'
  • Distribution coverage ratio of 1.1 times - declared quarterly cash distribution of 34.75 cents per unit for the first quarter 2021; continued building cash: +$2.5 million cash during the quarter
  • No change to full year 2021 guidance:
    • Adjusted EBITDA and Cash available for distribution expected to be broadly consistent with 2020
    • Distribution coverage ratio expected to be at the top end of target range of 1.1 - 1.2 times, assuming current distribution level

Disclaimer

BP Midstream Partners LP published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 12:08:04 UTC.


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Financials (USD)
Sales 2021 124 M - -
Net income 2021 173 M - -
Net Debt 2021 322 M - -
P/E ratio 2021 8,15x
Yield 2021 10,7%
Capitalization 1 363 M 1 363 M -
EV / Sales 2021 13,6x
EV / Sales 2022 12,9x
Nbr of Employees -
Free-Float 45,6%
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 13,01 $
Average target price 15,33 $
Spread / Average Target 17,9%
EPS Revisions
Managers and Directors
Robert P. Zinsmeister Chief Executive Officer & Director
Jack T. Collins Chief Financial Officer & Director
J. Douglas Sparkman Chairman
David Kurt Chief Operating Officer
Robert A. Malone Independent Director & General Partner
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