This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Regency Energy Partners Reports Second-Quarter 2011 Results

Regency Energy Partners LP (Nasdaq: RGNC), (“Regency” or the “Partnership”), announced today its financial results for the second quarter ended June 30, 2011.

Regency’s adjusted EBITDA increased by approximately 40% to $103 million in the second quarter of 2011, compared to $74 million in the second quarter of 2010. This increase was primarily attributable to the acquisitions of an interest in the Midcontinent Express Pipeline (“MEP”), Zephyr Gas Services, and an interest in the Lone Star Joint Venture, which was partially offset by lower hedge pricing in 2011 compared to 2010.

“Regency delivered strong results in the second quarter of 2011, fueled by our acquisition activity over the last year and volume growth in south and west Texas in our Gathering and Processing segment,” said Mike Bradley, president and chief executive officer of Regency.

“In addition, during the quarter we announced three organic growth projects; a significant expansion of our gathering system in south Texas, as well as the construction of a new fractionation facility and the construction of a natural gas liquids pipeline through the Lone Star Joint Venture, which will strengthen our positions in the Eagle Ford Shale and Permian Basin,” continued Bradley.


Adjusted total segment margin increased approximately 8% to $99 million for the second quarter of 2011, compared to $92 million for the second quarter of 2010.

Gathering and Processing – The Gathering and Processing segment provides wellhead-to-market services to producers of natural gas, which includes gathering raw natural gas from the wellhead through gathering systems, processing raw natural gas to separate NGLs from the raw natural gas and selling or delivering pipeline-quality natural gas and NGLs to various markets and pipeline systems.

Adjusted segment margin for the Gathering and Processing segment, which excludes non-cash hedging gains and losses related to the Gathering and Processing segment, was $53 million for the second quarter of 2011, compared to $55 million for the second quarter of 2010. The decrease was primarily due to lower realized commodity prices.

1 of 13

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs