MarkWest Energy Partners, L.P. (MWE) reported a net loss for the first quarter of $15.5 million or $0.12 per share, compared to net income of 16.0 million or $0.14 per share for the year-ago quarter.
The Partnership reported a loss before provision for income tax for the first quarter of $14.2 million, compared to income of $20.8 million for the same period last year. Excluding items, income before provision for income tax for the three months ended March 31, 2013 and 2012 would have been $15.3 million and $69.0 million, respectively.
Total revenue for the first quarter rose to $375.95 million from $350.47 million a year ago.
Separately, MarkWest Energy Partners announced the execution of definitive agreements to acquire 100% of the ownership interests of certain midstream assets in the Anadarko Basin from a wholly owned subsidiary of Chesapeake Energy Corp. (CHK), for $245 million in cash. The deal closed simultaneously with the execution of the agreements.
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