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Linn Energy, LLC (LINE) Message Board

  • dadnorris1@sbcglobal.net dadnorris1 Oct 25, 2012 10:59 AM Flag

    LINN's distribution coverage ratio for the third-quarter 2012 was 1.40x

    "LINN's distribution coverage ratio for the third-quarter 2012 was 1.40x. The company generated adjusted EBITDA (a non-GAAP financial measure) of $402 million for the third-quarter 2012, compared to $243 million in the third-quarter 2011. Results were positively impacted by acquisitions, the recent improvement in NGL prices and better than expected contributions from the company's drilling program.

    Noncash gains or losses do not affect adjusted EBITDA, cash flow from operations or the company's ability to pay cash distributions."

    Line unit prices have held up extremely well. Even so the price action on the release is very positive.

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13.63-0.03(-0.22%)May 5 4:00 PMEDT