|From: jjkool_01 (Rep: 1211)||Date: 03/01/2013 00:47|
|Forum: DD DEN of Picks - Msg #770 - List RRMS msgs ||Thread #673505920 (Rec: 0) |
|Nice! 2013 Guidance|
Rose Rock Midstream anticipates 2013 Adjusted EBITDA of $56 million to $60 million, an increase of approximately 47% over 2012 results of $39.5 million, primarily due to the acquisition of a partial interest in January 2013 in the White Cliffs Pipeline. The partnership also expects to deploy $60 million in capital investments in 2013, with 93% allocated to growth projects and a target distribution growth rate in 2013 of 10% to 15% year-over-year.
"Rose Rock Midstream generated strong results for 2012 and our future outlook is just as promising," Szydlowski said. "We continue our focus on organic growth driven by opportunities like the White Cliffs Pipeline, a tremendous asset with substantial volume growth and expansion work already in progress. This acquisition supports our strategic plan, complements our crude-based business and echoes our commitment to provide value to our unitholders."
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