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Breitburn Energy Partners LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 13, 2017. Its latest SEC filing is a 15-12B from Mar 29, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Produces oil, natural gas liquids and natural gas from U.S. properties for refiners and utilities.

How Did They Make Money?

Refiners and utilities buy its oil, natural gas liquids and natural gas at market-sensitive or spot prices; sales are counted after delivery when the price is set.

revenue

Who Were Their Customers?

It sells oil, natural gas liquids and natural gas under sales contracts to large, established refiners and utilities.

Did Revenues Turn Into Profits?

No. It lost $816.1M in .

Operating income,
−123% of revenue
▼ −76% (Loss) vs (−$2.4B, −214%)
Net income,
−174% of revenue
▼ −68% (Loss) vs (−$2.6B, −233%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 30, 2017
Revenue
▲ +3%
vs $133.6M in Q3 FY2016
Net income
▲ +79% (Loss)
vs −$364.8M in Q3 FY2016
  • Mar 28, 2018 Bankruptcy court confirms the restructuring plan The plan separates assets and existing businesses into LegacyCo and New Permian Corp.

Grew. Revenue grew 11% in 4 years, from $423M in to $469M in , about 3% a year.

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