BreitBurn Energy Partners LP (Nasdaq: BBEP) declared a cash distribution to the holders of its units of beneficial interest, the company announced Oct. 30.
The cash distribution was $0.4875 per unit for 3Q 2013, or $1.95 per unit on an annualized basis, for all of its outstanding units. This distribution represents an increase from 2Q 2013 distribution, which was $0.48 per unit, or $1.92 per unit on an annualized basis. The distribution will be payable on Nov. 14 to the record holders of common units at the close of business on Nov. 11.
BreitBurn Energy Partners LP engages in the acquisition, exploitation, and development of oil and gas properties in the U.S. The company is headquartered in Los Angeles.