1 May 2014quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $34.0 million and a net loss of $43.0 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Apr 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
30 Apr 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
24 Apr 2014quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $45.2 million and a net loss of $18.6 million for the period ended 2014-03-31.
24 Apr 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
14 Apr 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
18 Mar 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
27 Feb 2014debt financing● NeutralMajor
A Third Amendment to the credit agreement, effective February 26, 2014, lifts the maximum total leverage ratio to 5.85x for Q1 2014 only and the senior secured limit to 3.40x, fixes the upstream borrowing component at $380 million and postpones its redetermination, and a fee was paid to lenders. The filing also discloses a previously announced plan to contribute the midstream business to Regency Energy Partners, expected to close in Q2 2014 subject to regulatory and unitholder approvals; a preliminary proxy was filed January 31, 2014. Eagle Rock says cash proceeds will pay down the revolver and Regency will run an exchange offer for the full $550 million of senior notes, and it expects total debt to fall by over $1 billion if all notes are exchanged, leaving a pure-play upstream MLP. This is a major new thread that changes the company's direction from the midstream-heavy business built up in 2012-13.
31 Jan 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
28 Jan 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
14 Jan 2014agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
30 Dec 2013substantial holder notice● Neutral
MONTIERRA MINERALS & PRODUCTION, L.P, MONTIERRA MANAGEMENT LLC, NATURAL GAS PARTNERS VII, L.P, Eagle Rock Holdings NGP, NATURAL GAS PARTNERS VIII, L.P, NGP INCOME MANAGEMENT, L.L.C, ERH NGP, KENNETH A. HERSH reported a EAGLE ROCK ENERGY PARTNERS L P shareholding of 51,386,169 shares (32.20% of votes) in a periodic institutional filing.
30 Dec 2013material agreement● Neutral
On December 23, 2013 Eagle Rock Field Services agreed to sell Phillips 66 monthly quantities of natural gas liquids from the Sunray plant (acquired from BP in 2012), starting January 1, 2014 for a multi-year period. Price is set by an agreed index less gathering, transportation and fractionation fees and any deficiency fee. The filing gives no volumes, dollar values or term length.
26 Dec 2013agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
23 Dec 2013agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
1 Nov 2013quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $42.5 million and a net loss of $91.6 million for the period ended 2013-09-30.
31 Oct 2013quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $42.5 million and a net loss of $91.6 million for the period ended 2013-09-30.
29 Oct 2013quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $42.5 million and a net loss of $91.6 million for the period ended 2013-09-30.
5 Aug 2013quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $42.5 million and a net loss of $91.6 million for the period ended 2013-09-30.
1 Aug 2013quarterly activities report▼ Bad
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $42.5 million and a net loss of $91.6 million for the period ended 2013-09-30.
24 July 2013debt financing▼ BadMajor
On July 23, 2013 the lenders signed a Second Amendment to the credit agreement, effective June 30, 2013, raising the maximum total leverage ratio from 4.75x to 5.50x (stepping down to 4.50x by Dec 31, 2014) and the senior secured limit from 2.85x to 3.15x (ending after Q3 2014). This is a second loosening of debt limits after the December 2012 amendment; the filing does not give a reason (inference: the company needed more room under the limits). The same filing announces a $0.22 per unit distribution for the quarter ended June 30, 2013, payable August 14, 2013 to holders of record August 7.
28 May 2013listing compliance notice● NeutralMajor
EAGLE ROCK ENERGY PARTNERS L P's exchange filed to remove a class of its securities from listing.
3 May 2013securities registration● Neutral
EAGLE ROCK ENERGY PARTNERS L P filed a prospectus supplement for an offering off its existing shelf.
3 May 2013quarterly activities report● Neutral
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $66.7 million and net income of $16.0 million for the period ended 2013-06-30.
1 May 2013quarterly activities report● Neutral
EAGLE ROCK ENERGY PARTNERS L P reported quarterly revenue of $66.7 million and net income of $16.0 million for the period ended 2013-06-30.
30 Apr 2013agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
4 Apr 2013agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
4 Apr 2013agm notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
27 Mar 2013securities registration● Neutral
EAGLE ROCK ENERGY PARTNERS L P registered a securities offering with the SEC using its shelf eligibility.
18 Mar 2013material agreement● NeutralMajor
On March 13, 2013 Eagle Rock agreed to sell 10,350,000 common units to the public at $9.31 each, including 1,350,000 from the underwriters' full over-allotment option. The offering closed March 18, 2013, with net proceeds of about $92.2 million.