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  • AB Announces 1Q 2010 Results
    AllianceBernstein Holding (NYSE:AB) has reported results for first quarter 2010.

    Earnings were $0.50 per unit, in line with analyst estimates of $0.50. However, the company reported Diluted Earnings of $0.46 per unit due to a one-time real estate sublease charge of $12 million (or $0.04 per unit).

    Net Income increased 302% YOY to $148 million from $37 million in first quarter 2009.

    Operating margins soared to 21.6% from 6.5% in first quarter 2009.

    AB announced a $0.46 distribution per unit payable on May 27, 2010 to unit holders of record as of May 13, 2010.

    The company maintains a postiive outlook for 2010.

    Disclosure: no position
    Tags: AB
    May 03 4:34 PM | Link | Comment!
  • VNR Announces 1Q 2010 Results

    Vanguard Natural Resources (NASDAQ:VNR) has reported its first quarter 2010 results.

    Adjsuted Net Income increased YOY to $0.59 per unit from $0.43 per unit in the first quarter 2009. 

    Distributable Cash Flow increased 50% YOY to $15.1 million from $10.0 million in the first quarter 2009. 

    VNR will pay a cash distribution $0.525 per unit on May 14, 2010 to unit holders of record as of May 7, 2010.

    VNR also announced that it has entered into a definitive agreement to purchase oil and natural gas assets in Mississippi, Texas and New Mexico. The company will pay $113.1 million to acquire the properties, which are estimated to have about 4.7 million barrels of oil equivalent.

    Mr. Richard Robert, EVP and CFO, stated: "With lease operating expenses of less than $5 a barrel equivalent, this acquisition generates a significant amount of cash flow at current oil prices.  We expect to implement a hedging strategy and drilling program that will support the continued sustainability of the significant cash flows for many years to come and, upon closing the transaction, feel very comfortable in making a recommendation to our Board of Directors that we increase our next quarterly distribution."

    Disclosure: no position
    Tags: VNR
    May 03 10:02 AM | Link | Comment!
  • MLPs Reporting Earnings for the Week May 3 - May 7
    MLPs reporting earnings this week:
    May 3
    AllianceBernstein Holding (NYSE:AB)                                0.50
    Vanguard Natural Resources (NASDAQ:VNR)                        0.62
    May 4
    Atlas Pipeline Holdings (AHD)                                 -0.09
    Atlas Pipeline Partners (NYSE:APL)                                  -0.10
    Brookfield Infrastructure Partners (NYSE:BIP)
    Magellan Midstream Partners (NYSE:MMP)                        0.63
    Inergy (NRGY)                                                          1.26
    Och-Ziff Capital Management (NYSE:OZM)                        0.09
    Pioneer Southwest Energy Partners (PSE)               0.63
    Teekay LNG Partners (NYSE:TGP)                                    0.48
    Teekay Offshore Partners (NYSE:TOO)                             0.39
    May 5
    Calumet Speciatly Products Partners (NASDAQ:CLMT)           0.37
    Eagle Rock Energy Partners (NASDAQ:EROC)                       0.05
    Legacy Reserves (NASDAQ:LGCY)                                         0.31
    Macquarie Infrastructure Company (NYSE:MIC)                  0.54
    Martin Midstream Partners (NASDAQ:MMLP)                           0.38
    Targa Resource Partners (NYSE:NGLS)                             0.30 
    Natural Resource Partners (NYSE:NRP)                             0.28
    Plains All American Pipeline (NYSE:PAA)                            0.72
    Penn Virginia GP Holdings (NYSE:PVG)                              0.34
    Penn Virginia Resources (NYSE:PVR)                                 0.37
    Williams Pipeline Partners (WMZ)                              0.41
    Williams Partners (NYSE:WPZ)                                            0.74
    May 6
    Copano Energy (NASDAQ:CPNO)                                             0.13
    DCP Midstream Partners (NYSE:DPM)                                 0.27
    El Paso Pipeline Partners (NYSE:EPB)                                 0.44
    Energy Transfer Equity (NYSE:ETE)                                     0.62
    Energy Transfer Partners (NYSE:ETP)                                 1.05
    Exterran Partners (EXLP) 
    Cedar Fair (NYSE:FUN)                                                        -0.88
    Genesis Energy (NYSE:GEL)                                                 0.19
    Global Partners (NYSE:GLP)                                                  1.43
    Suburban Propane Partners (NYSE:SPH)                               2.78
    Terra Nitrogen (NYSE:TNH)
    W.P. Carey & Co. (NYSE:WPC)                                              0.79
    May 7
    Buckeye Group Holdings (NYSE:BGH)                                    0.40
    Constellation Energy Partners (CEP)                           -0.53
    Crosstex Energy (XTEX)                                               -0.09
    Other MLPs possibly reporting this week:
    Cheniere Energy Partners (NYSEMKT:CQP)
    Dorchester Minerals (NASDAQ:DMLP)

    Disclosure: no positions
    May 02 8:55 PM | Link | Comment!
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