In a report published by Citi, Chesapeake Midstream Partners, L.P.'s 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.
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