Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

PVR Partners L.P. continues to share more benefits with its unitholders through consistently increasing the quarterly cash distribution rate. The partnership announced a new quarterly cash distribution rate of 55 cents per unit on all of its outstanding limited partner units.

This marks a rise of 1.9% from 54 cents per unit paid in Nov 2012 and 7.8% from 51 cents per unit paid in Feb 2012. The distribution will be paid on Feb14, 2013, to unitholders of record as of Feb 8, 2013.

The partnership has a long history of increasing distributions. With the latest distribution, PVR Partners has hiked the quarterly distribution to limited partners consecutively in each of the past eight quarters.

PVR Partners’ cash distribution depends primarily on cash flow that includes cash flow from financial reserves and working capital borrowings. The cash distribution does not solely depend on profitability, which can be affected by non-cash items. Hence, the partnership can sustain cash distribution even when it is incurring losses.

However, softness in the coal market continues to impact the prospects of the partnership. The partnership generates a substantial amount of revenue through coal royalties, which have declined significantly as its lessees have curtailed production owing to lower demand and fall in coal prices.  PVR Partners L.P. currently retains a Zacks #4 Rank (Sell).

Besides PVR Partners, some other partnerships having exposure to natural gas pipelines have also raised their quarterly cash distribution rates. Sunoco Logistics Partners L.P. (SXL - Analyst Report), Plains All American Pipeline LP (PAA - Analyst Report) and ONEOK Partners L.P. (OKE - Analyst Report) have raised their fourth quarter distribution by 5%, 3.7% and 3.6% sequentially to 54.50 cents, 56.25 cents and 71 cents, respectively.

Radnor, Pennsylvania-based PVR Partners manages coal and natural resource properties as well as natural gas gathering and processing businesses.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%