JP Energy Partners

Founded in 2010 and headquartered in Irving, Texas, JP Energy (NYSE: JPEP) is a growth-oriented master limited partnership which owns and operates assets as well as provides midstream infrastructure solutions, connecting producers and suppliers of hydrocarbons – crude oil, refined products and natural gas liquids (NGLs) – to end markets. Through our network of logistics assets, we provide a full range of services to producers and suppliers and to our end customers. Our growth plan is three fold: Capitalize on organic growth opportunities in high-growth production areas, such as the Eagle Ford and Permian shales Continue to enhance the profitability of existing assets Pursue accretive acquisitions of complementary assets We are committed to delivering superior customer service, positioning us as one of the most competitive, agile and trusted midstream companies in the country.
Type
Public
HQ
Irving, US
Founded
2010
Size (employees)
737 (est)
JP Energy Partners was founded in 2010 and is headquartered in Irving, US

JP Energy Partners Office Locations

JP Energy Partners has offices in Irving, Houston, Tulsa and Gurnee
Irving, US (HQ)
2000 600 E Las Colinas Blvd
Gurnee, US
100 1375 Tri State Pkwy
Tulsa, US
1070 Boulder Towers 1437 South Boulder Ave W
Houston, US
3310 Total Plaza 1201 Louisiana St

JP Energy Partners Data and Metrics

JP Energy Partners Financial Metrics

JP Energy Partners's revenue was reported to be $494 m in FY, 2016
USD

Revenue (FY, 2016)

494 m

Revenue growth (FY, 2015 - FY, 2016), %

(27%)

Net income (FY, 2016)

(34.5 m)

EBIT (FY, 2016)

(28.1 m)

Market capitalization (07-Mar-2017)

346 m

Closing share price (07-Mar-2017)

9.5

Cash (31-Dec-2016)

2.7 m

EV

521.3 m
JP Energy Partners's current market capitalization is $346 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.7 b680.6 m494 m

Revenue growth, %

(60%)(27%)

General and administrative expense

47.4 m45.4 m42.6 m

Operating expense total

1.7 b719.9 m522.1 m

EBIT

(32.2 m)(39.3 m)(28.1 m)

EBIT margin, %

(2%)(6%)(6%)

Interest expense

(9.4 m)(5.4 m)(6 m)

Pre tax profit

(43.1 m)(43 m)(33.5 m)

Income tax expense

(300 k)(754 k)(521 k)

Net Income

(53 m)(58.7 m)(34.5 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

428.6 m299.3 m340.5 m259.6 m97.5 m130.8 m122.8 m

General and administrative expense

11.3 m14.5 m11 m10.7 m11.2 m9.4 m9.7 m

Operating expense total

11.3 m14.5 m11 m10.7 m11.2 m9.4 m9.7 m

EBIT

(3.4 m)1.8 m(3.7 m)(7 m)126 k(598 k)(6.3 m)

EBIT margin, %

(1%)1%(1%)(3%)0%(0%)(5%)

Interest expense

(2.4 m)(1.2 m)(1.4 m)(1.5 m)(2.4 m)(2.1 m)(683 k)

Pre tax profit

(5.8 m)687 k(4.7 m)(8.4 m)(2.3 m)(2.2 m)(6.9 m)

Income tax expense

158 k(22 k)(229 k)(82 k)(416 k)(160 k)40 k

Net Income

(5.6 m)665 k(4.9 m)(8.4 m)(3.2 m)(2.4 m)(6.9 m)
USDFY, 2014FY, 2015FY, 2016

Cash

3.3 m2 m2.7 m

Accounts Receivable

108.7 m60.5 m54.1 m

Inventories

4.9 m4.2 m10.9 m

Current Assets

148.9 m82.8 m74.8 m

PP&E

262.1 m291.5 m278.2 m

Goodwill

248.7 m216.7 m201.2 m

Total Assets

813.2 m735.3 m674.4 m

Accounts Payable

88.1 m45.9 m42.9 m

Total Debt

84.5 m163.2 m178 m

Current Liabilities

122.7 m66.1 m62.5 m

Total Liabilities

240.3 m

Debt to Assets Ratio

0.1 x0.2 x0.3 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

9.9 m2.2 m2.4 m8.5 m1.5 m1.3 m1.8 m

Accounts Receivable

84.9 m94.3 m75.2 m39.2 m45.7 m45.6 m

Inventories

34.7 m30.9 m30.1 m15 m9.4 m9.1 m8.8 m

Current Assets

192.5 m138.8 m145.9 m117.3 m59.5 m62.8 m61.5 m

PP&E

244.6 m272.6 m283 m296.7 m287.9 m285.3 m281.3 m

Goodwill

248.7 m248.7 m254.6 m254.5 m216.7 m216.7 m216.7 m

Total Assets

849.8 m809 m834.3 m814.1 m697.4 m693.9 m684.5 m

Accounts Payable

119.6 m73.5 m83.3 m60.5 m33.2 m34.1 m37.3 m

Current Liabilities

150.3 m101.2 m119.5 m84.8 m52.8 m54 m59 m
USDFY, 2014FY, 2015FY, 2016

Net Income

(53 m)(58.7 m)(34.5 m)

Depreciation and Amortization

42.5 m49.1 m47.4 m

Accounts Receivable

108.7 m47.9 m5.6 m

Inventories

4.9 m709 k(5.8 m)

Accounts Payable

88.1 m

Cash From Operating Activities

46 m45.3 m

Capital Expenditures

(71 m)(24.7 m)

Cash From Investing Activities

(79.1 m)(13.1 m)

Long-term Borrowings

(375 k)

Cash From Financing Activities

31.7 m(31.5 m)

Interest Paid

4.5 m5.4 m

Income Taxes Paid

450 k530 k

Free Cash Flow

(25 m)20.6 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(5.6 m)665 k(4.9 m)(8.4 m)(3.2 m)(2.4 m)(6.9 m)

Depreciation and Amortization

10.4 m11.3 m12.1 m12.3 m11.5 m11.6 m11.5 m

Accounts Receivable

84.9 m94.3 m75.2 m39.2 m45.7 m45.6 m

Inventories

34.7 m30.9 m30.1 m15 m9.4 m9.1 m8.8 m

Accounts Payable

119.6 m73.5 m83.3 m60.5 m33.2 m34.1 m37.3 m
USDY, 2016

EV/EBIT

-18.5 x

EV/CFO

11.5 x

EV/FCF

25.4 x

Revenue/Employee

670.2 k

Debt/Assets

0.3 x

JP Energy Partners Market Value History

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