The AMEX compliance letter
gives the Partnership until June 24, 2005 to
submit a plan of action to bring the Partnership into
compliance and until
July 11, 2005 to regain compliance with AMEX requirements.
subsection seppuku
P. Further, the Company
collected and recognized as a
reduction in after-tax expenses some $1,011,000 of previously disputed
and
fully reserved items.04 $1.methods geo
In addition, income from discontinued operations
included
a net after tax gain of $601,000 following the sale of certain oil
and gas properties.07 $1
.substantial suicide
DENVER, MarkWest Energy Partners, L.37 $.precipitated commit
MarkWest Energy Partners Receives Compliance Letter
From AMEX
52
per share on revenues of $562,146,000. "Bud" Adams, Jr.geo consequences
The information
in this release includes certain forward-looking
statements that are based on assumptions that in
the future may prove not to
have been accurate. Such factors include, among
others, (a) general
economic conditions, (b) fluctuations in hydrocarbon
prices and margins, (c) variations between crude
oil and natural gas contract
volumes and actual delivery volumes, (d) unanticipated environmental
liabilities or regulatory changes, (e) counterparty credit default, (f)
inability to obtain bank
and/or trade credit support, (g) availability and
cost of insurance, (h) changes in tax laws, and
(i) the availability of
capital, (j) changes in regulations, (k) results of current items of
litigation
, (l) uninsured items of litigation or losses, (m) uncertainty in
reserve estimates and cash flows
, (n) ability to replace oil and gas reserves,
(o) security issues related to drivers and terminal
facilities, (p) commodity
price volatility and (q) successful completion of drilling activity.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands
, except per share data)
Year Ended Three Months
Ended
December 31, December 31,
2005 2004 2005 2004
Revenues
$2,364,833 $2,069,087 $657,988 $562,146
Costs, expenses and other (2,339,481)
(2,055,353) (647,013) (558,413)
Income tax (provision) (8,583) (4,996) (3
,961) (1,553)
Earnings from continuing
operations 16,769
8,738 7,014 2,180
Income (loss) from
discontinued operations,
net
of tax 872 (130) 593 20
Net earnings
$17,641 $8,608 $7,607 $2,200
Earnings (loss) per share
From continuing operations $3.methods commit
A summary of operating results follows:
Fourth Quarter
2005 2004
Operating earnings
Marketing
$10,462,000 $3,868,000
Transportation
1,489,000 1,971,000
Oil and gas 2,174,000
193,000
General + administrative (3,174,000) (2,293,000)
Interest, net 24,000 (6,000)
Income tax (provision
) (3,961,000) (1,553,000)
Earnings from continuing operations
7,014,000 2,180,000
Income from discontinued operations 593
,000 20,000
Net earnings $7,607,000 $2,200
,000
Chairman K.homicide suicide
80 $.npr precipitated
MarkWest Energy Partners, L. The Company also
benefited from improved earnings in its
oil and gas segment during the fourth quarter of 2005 due
to increased prices
for crude oil and natural gas.homicide hasten
All statements other
than statements of historical
facts included or incorporated herein may
constitute forward-looking statements.30 $.suicide substantial
Adams
Resources Announces Fourth Quarter 2005 Earnings
18 $2.precipitated hanging
S.01
Basic and diluted
net
earnings per Common share $4.consequences subsection
Although we believe that the
expectations reflected
in the forward-looking statements are reasonable, we
can give no assurance that such expectations
will prove to be correct. These
and other risks are described in the Company's reports that are
on file with
the Securities and Exchange Commission.Suicide methods
cop kevorkian
52
Dividends per
common share $.30
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
December
31, December 31,
2005 2004
ASSETS
Cash $ 18,817 $ 19,942
Other current assets
251,633 189,397
Total current assets 270,450
209,339
Net property + equipment 39,896 29,076
Other assets 2,316 439
$312,662 $238,854
LIABILITIES AND EQUITY
Total current liabilities
$231,129 $173,550
Long-term debt 11,475
11,475
Deferred taxes and other 4,402 4,254
Shareholders
' equity 65,656 49,575
$312,662 $238,854
Rick Abshire
(713) 881-3609
attempted inhalation
P.dignity suicide
is a publicly
traded master limited
partnership with a solid core of midstream assets and a growing core of gas
transmission assets.80 per common share on revenues totaling $657,988,000. A number of factors could
cause actual results or events
to differ materially from those anticipated.37 $.suicide dignity
Based on
current facts and circumstances, the
Partnership expects to file such Reports within the next several
days, thus
bringing the Partnership into compliance with AMEX requirements. Among the factors
that
could cause results to differ materially are those risks discussed in our
Form 10-K for the year
ended December 31, 2003, and our Forms 10-Q for 2004,
as filed with the SEC.inert commit
The
forward-looking
statements involve risks and uncertainties that affect our
operations, financial performance and
other factors as discussed in our
filings with the Securities and Exchange Commission ("SEC")., attributed
a substantial portion of the
fourth quarter 2005 earnings increase to certain non-recurring items
within
the Company's marketing segment. During the current quarter, the Company
reduced expenses
by an after tax amount totaling $2,210,000 from the reversal
of previously recorded accrual items
following the final "true-up" of the
accounting for such items.97 $2.21 (.03)
.commit hanging
It also has a growing number of other gas
gathering and intrastate gas transmission assets in
the Southwest, primarily
in Texas and Oklahoma.dignity ash
The Partnership
has been and continues to devote
substantial resources and working with its
outside auditors to complete and file the 2004 Annual
Report on Form 10-K, its
restated financial statements, Forms 10-Q/A for the first three quarters
of
2004, and its Quarterly Report on Form 10-Q for the first quarter of 2005 as
soon as reasonably
possible. Revenues for 2005 totaled $2,364,833,000.51
From discontinued operations .wiki inert
This press release includes "forward-looking statements" within the
meaning of Section 27A
of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934
, as amended.dignity inhalation
HOUSTON, Adams Resources + Energy,
Inc. This
compares to unaudited fourth quarter
2004 net earnings of $2,200,000 or $.18 per share.wiki hasten
(Amex: MWE), today announced that it received
a letter from the American Stock
Exchange ("AMEX") dated June 9, 2005, advising that the Partnership
is not in
compliance with AMEX requirements as set forth in Section 1101 of the AMEX
Company Guide
for failure to file with the Securities and Exchange Commission
its Annual Report on Form 10-K for
year ended December 31, 2004 and its
Quarterly Report on Form 10-Q for the first quarter of 2005
by the prescribed
filing deadlines. It is the largest processor of natural gas in the
Northeast
and is the largest gas gatherer of natural gas in the prolific
Carthage field in east Texas.
66 $.subsection seppuku
, (Amex: AE), announced unaudited fourth quarter 2005 net earnings of
$7,607,000
or $1.14 .substantial commit
Net earnings for 2005 totaled
$17,641,000 or $4. The Company does not anticipate
the recurrence of similar
such items in 2006.suicide consequences
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