BreitBurn Energy Partners LP (BBEP) Tuesday said fourth-quarter loss narrowed to $30.1 million, or a loss of $0.51 per unit, from the prior-year's $70.1 million, or a loss of $1.33 per unit. Adjusted EBITDA increased to $64.4 million, compared to $59.1 million a year ago.
Total revenues for the quarter was $73.1 million, jumping from last year's $18.2 million as a result of a sharply lower unrealized loss from commodity derivative instruments. Oil, natural gas and NGLs Sales climbed to $109.7 million from $78.1 million. Ten analysts polled by Thomson Reuters estimated sales of $107.91 million.
by RTT Staff Writer
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