MarkWest Energy Partners LP (MarkWest Energy Partners LP) GF Value Rank : 0 (As of May. 05, 2024)

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What is MarkWest Energy Partners LP GF Value Rank?

MarkWest Energy Partners LP has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

MarkWest Energy Partners LP GF Value Rank Related Terms

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MarkWest Energy Partners LP (MarkWest Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MarkWest Energy Partners LP (NYSE:MWE) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.markwest.com

MarkWest Energy Partners LP a Delaware corporation was formed in Delaware on January 24, 2002. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the gathering and transportation of crude oil. The Company has presence in many unconventional gas plays including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation. The Company conducts operations in the following operating segments: Marcellus, Utica, Northeast and Southwest. Its primary business is to provide top-tier midstream services by developing and operating high-quality, strategically located assets in the liquids-rich areas of six core natural gas producing resource plays in the United States. The Company provides services in the midstream sector of the natural gas industry. The midstream natural gas industry is the link between the exploration for and production of natural gas and the delivery of its hydrocarbon components to end-use markets. In the Marcellus segment, it provides fully integrated natural gas midstream services in southwestern Pennsylvania and northern West Virginia through its wholly owned subsidiary, MarkWest Liberty Midstream. The Company operates five processing complexes in its Marcellus segment that include the Houston Complex located in Washington County, Pennsylvania: the Majorsville Complex located in Marshall County, West Virginia; the Mobley Complex located in Wetzel County, West Virginia; the Sherwood Complex located in Doddridge County, West Virginia; and the Keystone Complex located in Butler County, Pennsylvania. In addition, it operates two gathering systems: one currently delivering over 475 MMcf/d of natural gas to its Houston and Majorsville Complexes and the other delivering over 74 MMcf/d of natural gas to its Keystone complex. MarkWest Utica EMG provides gathering, processing, fractionation and marketing services in the liquids-rich corridor of the Utica Shale in eastern Ohio. In each of its operating segments, the company faces competition for natural gas gathering, crude oil transportation and in obtaining natural gas supplies for its processing and related services; in obtaining unprocessed NGLs for gathering and fractionation; and in marketing its products and services. The Company's processing and fractionation plants, pipelines and associated facilities are subject to multiple obligations and potential liabilities under a variety of stringent and comprehensive federal, regional, state and local laws and regulations governing discharges of materials into the environment or otherwise relating to environmental protection.

Executives

Nancy Buese	officer: EVP, Chief Financial Officer	1515 ARAPAHOE STREET, DENVER CO 80202-2126
J Michael Stice	director	525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Frank M Semple	director, officer: Chairman, President & CEO	1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Randy S Nickerson	officer: EVP, Chief Commercial Officer	1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Randall J Larson	director
Michael L Beatty	director	5735 PINELAND DR, SUITE 300, DALLAS TX 75231
Donald D Wolf	director	1670 BROADWAY SUITE 2800, DENVER CO 80202
Gregory Scott Floerke	officer: EVP, Chief Commercial Officer	C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Bromley C Corwin	officer: EVP, General Counsel	1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Paula L Rosson	officer: SVP/Chief Accounting Officer	1515 ARAPAHOE STREET, TOWER 1 SUITE 1600, DENVER CO 80202
John C Mollenkopf	officer: EVP, Chief Operating Officer	1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
William P Nicoletti	director	C/O STAR GAS PARTNERS, L.P., 2187 ATLANTIC STREET, STAMFORD CT 06902
Bruckmann William A Iii	director	631 RANGER LANE, LONGBOAT KEY FL 342284119