MarkWest Energy sees 2014 fee-based net operating margin over 70%

|About: MarkWest Energy Partners, L.P. (MWE)|By:, SA News Editor

MarkWest Energy (MWE +2.5%) says in a slide presentation at its investor conference that it expects 2014 fee-based net operating margin to exceed 70%.

MWE guides 2014 distributable cash flow at $600M-$900M and 7% Y/Y distribution growth in 2015 and 10% in 2016, and says it has completed a significant portion of its 2014 equity financing plan.

The company continues to forecast 2014 capex of $2B-$3B.