PVR Partners 3Q13: Earnings & Flow Rates Way Up
Seems there is no end of good news for midstream companies operating in the Marcellus/Utica region. Midstreamer PVR Partners released their 3Q13 financial and operations update today–’tis the season for quarterly reports. Among PVR’s highlights: Earnings are up a very healthy 31% for 3Q13 vs. 3Q12; they’re pumping an average 1.8 billion cubic feet per day of natural gas now vs. 1 Bcf/d a year ago; and PVR’s northeastern midstream segment is humming along.
No wonder Regency Energy announced two weeks ago they’re buying PVR Partners (see Marcellus/Utica Midstreamer PVR Bought by Regency Energy for $5.6B). Here is the penultimate quarterly report issued by PVR: