Midcoast Energy Partners, L.P. (NYSE:MEP) sees FY14 adjusted EBITDA $75M-$78M; Atlas Energy, L.P (NYSE:ATLS), Kaman Corporation (NYSE:KAMN)

Midcoast Energy Partners, L.P. (NYSE:MEP) sees FY14 adjusted EBITDA $75M-$78M. Midcoast Energy president Gregory Harper said "We anticipate adjusted EBITDA and distributable cash flow for FY14 to be in-line with our previously disclosed guidance of between $75M-$78M and $50M-$52M, respectively. We remain confident in the outlook for MEP and intend to exercise a prudent distribution policy and achieve stronger coverage to enhance the Partnership's financial flexibility." The closing for MEP was $11.73 at the day’s end. It was a change of $0.41. MEP saw a market cap of $530.43M and its Trailing P/E was 119.69.

 

Atlas Energy, L.P (NYSE:ATLS) approves spin-off date of Feb. 25. Atlas Energy (ATLS) has announced that its board has approved the record and distribution dates for the spin-off of its non-midstream assets and declared a distribution to the ATLS unitholders of common units representing a 100% limited liability company interest in Atlas Energy Group, LLC, a wholly owned subsidiary of ATLS that will hold ATLS's assets and liabilities other than those related to it midstream business. ATLS closed for the day at $27.87 with a change of $1.30. Trailing 12 month’s profit margin for ATLS is -1.75% and for the same period, its operating margin is 4.14%.

 

Kaman Corporation (NYSE:KAMN) awarded contract by Boeing for KC-46A tanker kits. Kaman Corporation (KAMN) announced that its Aerosystems division has been awarded a multi-year contract for the production of the fixed trailing edge, or FTE, kits and assemblies for the Boeing (BA) KC-46A Tanker Program. Kaman delivered its first KC-46A Tanker FTE kit to Boeing in March 2014. To date Kaman has provided more than 1,000 FTE kits and assemblies for the 767 program since 1986.In NYSE, KAMN traded with a change of $0.28 and closed for the day at $38.05 with a volume of 102,895 shares. KAMN‘s revenue in last one year has been $1.77B, return on assets 5.47% and return on equities 10.98%.