JP Energy Partners LP (JPEP) Releases Earnings Results, Beats Expectations By $0.01 EPS

JP Energy Partners LP (JPEP) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $-0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.07. The company posted revenue of $130.80 million in the period, compared to analysts expectations of $101.21 million. The company’s revenue was down -34.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

JP Energy Partners LP closed down -0.18 points or -1.97% at $8.95 with 81,522 shares getting traded on Friday. Post opening the session at $9.14, the shares hit an intraday low of $8.91 and an intraday high of $9.1547 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 25, 2016, Patrick Joseph Welch (director officer ) purchased 5,000 shares at $7.46 per share price. According to the SEC, on Jan 22, 2016, Jason Patrick Barley (director officer ) sold 9,500 shares at $3.14 per share price. On Aug 17, 2015, Josh Sherman (director) purchased 3,000 shares at $9.10 per share price, according to the Form-4 filing with the securities and exchange commission.

JP Energy Partners LP (JP Energy Partners) owns operates develops and acquires a portfolio of midstream energy assets in the United States. The Company operates through four segments: Crude Oil Pipelines and Storage Crude Oil Supply and Logistics Refined Product Terminals and Storage and NGL Distribution and Sales. The Company’s crude oil businesses are situated in areas including the Permian Basin Mid-Continent and Eagle Ford shale. The Crude Oil Supply and Logistics segment manages the physical movement of crude oil origination to final destination. The Refined Product Terminals and Storage segment consists of two refined products terminals located in North Little Rock Arkansas and Caddo Mills Texas. The NGL Distribution and Sales segment includes its propane cylinder exchange business and the retail commercial and wholesale sale of NGLs and other refined products. The Company markets its propane cylinder exchange business under the Pinnacle Propane Express.

JP Energy Partners LP

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