The Partnership calculates cash available for distribution
as EBITDA, or Adjusted EBITDA when applicable, plus non-cash compensation expense, change in cash reserves for working capital and less maintenance capital expenditures, net cash interest expense and other financing costs.
Rentech Nitrogen increased guidance for the twelve months ending September 30, 2012, stating that it expects EBITDA to be approximately $110 million, and cash available for distribution
to be approximately $2.
The amount of distributions announced today may not be indicative of the size of future distributions by the Partnership: the business of the Partnership is seasonal, and future cash distributions will reflect cash available for distribution
generated in future quarters that occur in all seasons.
The deals will expand Pattern Energy's managed assets by 21%, while also enhancing its expected cash available for distribution
from 2014 onwards, CEO Mike Garland noted.
The president of Enbridge Management Services Inc, the administrator of the fund, Jim Schultz, said, 'Increased cash available for distribution
is clear evidence of the success of the expansion projects undertaken by the Fund in 2008.
Quarterly cash available for distribution
on all units exceeded 120% of the target distribution (the "Incentive Threshold"), resulting in a distribution equal to the Incentive Threshold plus 50% of the amount by which cash available for distribution
exceeded the Incentive Threshold.
The acquisition is seen to have an immediate positive impact on cash available for distribution
Coupled with our recent acquisition of two Suezmax tankers in April 2008, we expect to generate more cash available for distribution
in the second quarter.
The quarterly Trust's income available for distribution exceeded the targeted cash available for distribution
by more than 20%.
3m, which includes estimated available cash generated from operations, less prorated reserves for cash interest expense, cash income taxes, MPL proportionate depreciation expense, maintenance and regulatory capital expenditures, reserves for turnaround and related expenses, reserves for organic growth projects as well as the replenishment of unfunded reserves from the first quarter 2016 cash available for distribution
The minority stake that is targeted by the partnership is estimated to provide it with 2013 incremental EBITDA and cash available for distribution
of about USD50m and USD31m, respectively.
Cash available for distribution
to common unit holders, or distributable cash flow (DCF), is USD55.
In the first quarter of 2010, Regency generated $45 million in cash available for distribution
, representing coverage of 1.
The company expects these assets to deliver approximately USD 41m of Adjusted EBITDA and USD21 m of cash available for distribution
on a run-rate basis1 and provide incremental geographical and counterparty diversification.