Eagle Rock Announces First Quarter 2015 Cash Distribution and Earnings Release Date
April 21 2015 - 5:07PM
Eagle Rock Energy Partners, L.P. (Nasdaq:EROC) ("Eagle Rock" or the
"Partnership") today declared that the Board of Directors approved
a cash distribution for the quarter ended March 31, 2015 of $0.07
per common unit (including eligible restricted common units),
equivalent to $0.28 per unit on an annualized basis. The
distribution will be paid on Friday, May 15, 2015 to unitholders of
record as of the close of business on Friday, May 8, 2015, and
represents no change from the distribution of $0.07 per common unit
paid with respect to the fourth quarter of 2014.
First Quarter 2015 Earnings Release Date and Conference
Call Information
The Partnership plans to report first quarter financial and
operating results after market close on Wednesday, April 29,
2015. The first quarter 2015 earnings conference call will be
held at 2:00 p.m. Eastern Time (1:00 p.m. Central Time) on
Thursday, April 30, 2015.
Interested parties may listen to the earnings conference call
live over the Internet or via telephone. To listen live over the
Internet, participants are advised to log on to the Partnership's
web site at www.eaglerockenergy.com and select the "Events &
Presentations" sub-tab under the "Investor Relations" tab. To
participate by telephone, the call in number is (877)
293-5457, conference ID
19487996. Participants are advised to dial
into the call at least 15 minutes prior to the call. An audio
replay of the conference call will also be available for thirty
days by dialing (855) 859-2056, conference ID
19487996. In addition, a replay of the audio
webcast will be available by accessing the Partnership's web site
after the call is concluded.
About the Partnership
Eagle Rock is a growth-oriented master limited partnership
engaged in (a) the exploitation, development, and production of oil
and natural gas properties and (b) ancillary gathering,
compressing, treating, processing and marketing services with
respect to its production of natural gas, natural gas liquids,
condensate and crude oil.
Forward-Looking Statements
This document may include "forward-looking statements." All
statements, other than statements of historical facts, included in
this document that address activities, events or developments that
the Partnership expects, believes or anticipates will or may occur
in the future, are forward-looking statements and speak only as of
the date on which such statement is made. These statements are
based on certain assumptions made by the Partnership based on its
experience and perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate under the circumstances. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Partnership. These include, but are not
limited to, risks related to volatility or declines (including
sustained declines) in commodity prices; market demand for crude
oil, natural gas and natural gas liquids; the effectiveness of the
Partnership's hedging activities; the Partnership's ability to
continue to obtain new sources of crude oil and natural gas supply;
the availability of local, intrastate and interstate transportation
systems and other facilities to transport crude oil, natural gas
and natural gas liquids; competition in the oil and gas industry;
the Partnership's ability to obtain credit and access the capital
markets; general economic conditions; and the effects of government
regulations and policies. Should one or more of these risks or
uncertainties occur, or should underlying assumptions prove
incorrect, the Partnership's actual results and plans could differ
materially from those implied or expressed by any forward-looking
statements. The Partnership assumes no obligation to update any
forward-looking statement as of any future date. For a detailed
list of the Partnership's risk factors, please consult the
Partnership's Form 10-K, filed with the Securities and Exchange
Commission ("SEC") for the year ended December 31, 2014 and the
Partnership's Forms 10-Q filed with the SEC for subsequent quarters
as well as any other public filings, and press releases.
Qualified Notice to Nominees
This release serves as qualified notice to nominees as provided
for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of the Partnership's
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or
business. Accordingly, all of the Partnership's
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not the Partnership,
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
CONTACT: Eagle Rock Energy Partners, L.P.
Bob Haines, 281-408-1303
Senior Vice President and Chief Financial Officer
Chad Knips, 281-408-1203
Director, Corporate Finance and Investor Relations
(MM) (NASDAQ:EROC)
Historical Stock Chart
From Jun 2024 to Jul 2024
(MM) (NASDAQ:EROC)
Historical Stock Chart
From Jul 2023 to Jul 2024