Market Overview

Citi Reports Chesapeake Midstream Partners' Growth Still Visible

In a report published by Citi, Chesapeake Midstream Partners, L.P.'s (NYSE: CHKM) growth is still visible.

Citi said that Chesapeake Midstream Partners reported operating results that were largely inline with its expectation. “Excluding minimum volume commitment (MVC) and pro-rated contribution from Springridge, adjusted EBITDA of $66.5 million was just above our $66.2 million expectation. Distributable cash flow, including MVC, covered minimum annual distributions ($0.3375/unit or $1.35 annualized, announced this quarter) by 1.15x.”

Chesapeake Midstream Partners closed yesterday at $26.40.

Posted-In: chesapeake midstream partners CitiAnalyst Color Analyst Ratings

 

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