MarkWest Energy Partners L.P. (MWE) reported that its third-quarter net income attributable to the company decreased to $8.280 million from $186.546 million last year. Earnings per share attributable to unitholders was $0.13 compared to $3.24 a year ago.
On average, 6 analysts polled by Thomson Reuters expected the company to report profit of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
The company reported cash available for distribution to common unitholders, or distributable cash flow, of $40.3 million compared to $45.4 million last year.
Total revenue decreased to $217.69 million from $566.37 million last year. Analysts expected revenue of $194.35 million for the quarter.
For 2009, the company forecasts distributable cash flow in a range of $170 million-$180 million. For 2010, the company forecasts distributable cash flow in a range of $170 million-$210 million.
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