Sanchez Production Partners (SPP) Reports Q1 Loss of $3.91
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Sanchez Production Partners Reports First Quarter 2016 Results
May 16, 2016 7:00 AM EDTHOUSTON, TX -- (Marketwired) -- 05/16/16 -- Sanchez Production Partners LP (NYSE MKT: SPP) ("SPP" or the "Partnership") today reported first quarter 2016 results. Highlights from the report include:
A cash distribution to common unitholders of $0.4121 per common unit ($1.6484 per unit annualized) related to first quarter 2016 activity, which represents the second consecutive increase of 1.5% over the Partnership's initial distribution in the third quarter 2015; Distribution coverage of 2.65x excluding the Mid-Continent assets, which have been... More