Breitburn Energy Partners LP - Conference Presentation Calls

Breitburn Energy Partners LP reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss attributable to the partnership was $5.4 million or $0.10 diluted loss per unit on total revenues and other income items of $75.6 million against net income attributable to the partnership of $454.5 million or $8.40 diluted income per unit on total revenues and other income items of $538.5 million for the same quarter a year ago period. Operating income was $2.8 million against $468.6 million for the same quarter a year ago period. Adjusted EBITDA was $48.4 million against $61.6 million for the same quarter a year ago period. For the nine-month period, the company reported net loss attributable to the partnership was $67.6 million or $1.28 diluted loss per unit on total revenues and other income items of $166.6 million against net income attributable to the partnership of $127.1 million or $2.06 diluted income per unit on total revenues and other income items of $359.2 million for the same period a year ago. Operating loss was $47.8 million against operating income of $151.9 million for the same period a year ago. Loss before taxes was $67.9 million against income before taxes of $128.5 million for the same period a year ago. Adjusted EBITDA was $146.04 million against $182.1 million for the same period a year ago. Net cash provided by operating activities was $183.9 million against $190.9 million for the same period a year ago. Capital expenditures were $18.6 million against $86.8 million for the same period a year ago.

Breitburn Energy Partners LP announced that for the second half of 2009, the company adjusted CapEx guidance from $20 to $24 million originally to $32 million. The company reaffirmed earnings guidance for the full year 2009. For the year, the company reaffirming EBITDA to be in the range of $178 million to $196 million.