Fort Chicago Energy Partners LP expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 2, 2010).

Fort Chicago Energy Partners LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the three months ended December 31, 2009, Fort Chicago incurred a net loss of $24.5 million or $0.18 per basic and diluted unit compared to a net loss of $17.9 million or $0.13 per basic and diluted unit for the same period in 2008. The decrease is attributable to a non-cash asset impairment loss of $78.1 million recorded in the fourth quarter of 2009. Adjusted net income for the three months ended December 31, 2009, which excludes non-recurring items, was $19.2 million or $0.14 per Unit compared to $3.2 million or $0.02 per Unit for the same period last year, primarily reflecting a $20.1 million increase in Aux Sable's margin-based lease revenues. Fourth quarter adjusted net income from the Partnership's pipeline and power businesses were consistent with the same period last year. The company reported net loss before taxes of $46.305 million on revenues of $185.873 million compared to net loss before taxes of $20.985 million on revenues of $168.629 million for the same period of last year. The company reported net cash provided by operating activities of $43.687 million and payments for pipeline, plant and other capital assets of $28.796 million compared to net cash provided by operating activities of $39.279 million and payments for pipeline, plant and other capital assets of $42.125 million for the same period of last year. For the year ended December 31, 2009, net income was $37.6 million or $0.28 per basic and diluted unit compared to $61.5 million or $0.46 per basic and diluted unit for 2008. Adjusted net income for the year ended December 31, 2009 was $83.5 million or $0.61 per Unit compared to $72.1 million or $0.54 per Unit for 2008, primarily reflecting a significant decrease in the deemed realization of corporate foreign exchange losses previously deferred and recorded in other comprehensive income. The company reported net income before taxes of $29.289 million on revenues of $649.133 million compared to net income before taxes of $88.655 million on revenues of $701.430 million for the same period of last year. The company reported net cash provided by operating activities of $210.743 million and payments for pipeline, plant and other capital assets of $50.887 million compared to net cash provided by operating activities of $262.612 million and payments for pipeline, plant and other capital assets of $139.026 million for the same period of last year. The company recorded asset impairment loss of $78.051 million for the fourth quarter of 2009.

Fort Chicago Energy Partners LP announced that the board of directors of Fort Chicago Energy Management Ltd., the general partner of Fort Chicago Energy Partners L.P. has declared a cash distribution for February 2010 of $0.0833 per Class A limited partnership unit of Fort Chicago. The distribution will be paid on March 23, 2010 to unit holders of record at the close of business on February 26, 2010.