K-Sea Transportation Partners LP (KSP)

[ScovilleUnits]

KSP: Q2 EPS (36c)..vs..(22c) Misses (22c) Est

Friday , January 28, 2011 09:14ET

QUARTER RESULTS
K-Sea Transportation Partners LP (KSP) reported Q2 results ended December 2010. Q2 Revenues were $63.47M; -7.46% vs yr-ago; MISSING revenue consensus by -1.78%. Q2 EPS was (36c); -63.64% vs yr-ago; MISSING earnings consensus by -63.64%.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $63.47M       $68.59M      -7.46%       $64.62M      -1.78% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (36c)         (22c)     -63.64%         (22c)     -63.64% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.6e208493d61486536447de6588afc227fdb14d10878b341c0947b8fa50e6eb63
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[ScovilleUnits]

Q1 EPS 4c vs (29c) Beats (25c) Est

Monday , November 01, 2010 08:52ET

QUARTER RESULTS
K-Sea Transportation Partners LP (KSP) reported Q1 results ended September 2010. Q1 Revenues were $71.90M; +1.84% vs yr-ago; BEATING revenue consensus by +17.14%. Q1 EPS was 4c; +113.79% vs yr-ago; BEATING earnings consensus by +116.00%.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $71.90M       $70.60M      +1.84%       $61.38M     +17.14% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  4c         (29c)    +113.79%         (25c)    +116.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.ea4dd802d19a020d529844e99aacd70abb952558d88949a140483ddc0d5d305f
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[ScovilleUnits]

KSP: Q4 Adj EPS (37c)..vs..9c Misses (33c) Est

Thursday , September 02, 2010 08:35ET

QUARTER RESULTS
K-Sea Transportation Partners LP (KSP) reported Q4 results ended June 2010. Q4 Revenues were $66.65M; -7.78% vs yr-ago; BEATING revenue consensus by +1.12%. Q4 EPS was ($3.43). Adjusted Q4 EPS was (37c); -511.11% vs yr-ago; MISSING earnings consensus by -12.12%.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $66.65M       $72.27M      -7.78%       $65.91M      +1.12% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:             ($3.43)           N/A         N/A           N/A         N/A 
 Adj EPS:           (37c)            9c    -511.11%         (33c)     -12.12% 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended June 2010. FY Revenues were $266.43M; -19.38% vs yr-ago; BEATING revenue consensus by +1.02%. FY EPS was ($4.60). Adjusted FY EPS was ($1.08); -277.05% vs yr-ago; BEATING earnings consensus by +22.30%.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $266.43M      $330.46M     -19.38%      $263.73M      +1.02% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:             ($4.60)           N/A         N/A           N/A         N/A 
 Adj EPS:         ($1.08)           61c    -277.05%       ($1.39)     +22.30% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.392451ec715bf9e866c9bbc6e7d8925a291a87b44e1d6f4d71f5874fdae1c80a
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[ScovilleUnits]

Q3 EPS (59c) vs 18c Misses (14c) Est

Thursday , April 29, 2010 11:22ET

QUARTER RESULTS
K-Sea Transportation Partners LP (KSP) reported Q3 results ended March 2010. Q3 Revenues were $59.58M; -24.04% vs yr-ago; MISSING revenue consensus by -16.21%. Q3 EPS was (59c); -427.78% vs yr-ago; MISSING earnings consensus by -321.43%.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $59.58M       $78.44M     -24.04%       $71.11M     -16.21% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (59c)           18c    -427.78%         (14c)    -321.43% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE - http://www.knobias.com/story.htm?eid=3.1.9a0308ca317314a80ff7e295aa0a864a0e1a6560ea405be2e6abb4cf6c56a0ea
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[ScovilleUnits]

1-Year...7/09 to 7/10

[ScovilleUnits]

Q2 EPS (22c) vs 44c Misses 4c Est

Thursday , January 28, 2010 09:31ET

QUARTER RESULTS
K-Sea Transportation Partners LP (KSP) reported Q2 results ended December 2009. Q2 Revenues were $68.59M; -22.29% vs yr-ago; MISSING revenue consensus by -4.10%. Q2 EPS was (22c); -150.00% vs yr-ago; MISSING earnings consensus by -650.00%.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $68.59M       $88.26M     -22.29%       $71.52M      -4.10% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (22c)           44c    -150.00%            4c    -650.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE ~ http://www.knobias.com/story.htm?eid=3.1.9cf0070daa00f746973996c4115e386ed846d0a5da12ec2ef5e64a41c439f6f6
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[ScovilleUnits]

Wells Fargo Ups to Outperform from Market Perform; Analyst Notes

Monday , January 25, 2010 07:50ET

Issuer: K-Sea Transportation Partners LP (NYSE: KSP)

Analyst Firm: Wells Fargo Van Kasper & Co.

Ratings Action: UPGRADE

Current Rating: Outperform (from Market Perform)

Analyst Comments: The firm upgraded the stock as it believes that K-Sea is more likely to maintain its current quarterly distribution after amending its revolving credit agreement.

This rating information was reported by TheFlyOnTheWall.... http://www.theflyonthewall.com/permalinks/entry.php/KSPid1188476

[ScovilleUnits]

Amends Revolving Credit, Debt-Obligations & Operating Leases

K-Sea Transportation Partners L.P. Amends Revolving Credit Agreement, Other Debt Obligations and Operating Leases

Friday , January 22, 2010 14:17ET

NEW YORK--(BUSINESS WIRE)-- K-Sea Transportation Partners L.P. (NYSE:KSP) (the "Partnership") announced today that K-Sea Operating Partnership L.P., a wholly owned subsidiary of the Partnership, has entered into an amendment (the "Amendment") to its revolving credit agreement (the "Revolving Credit Agreement") and modified or obtained consents under other debt obligations and operating leases in a manner consistent with the Amendment.

The Amendment reduces the lenders' commitments from $200 million to $175 million (subject to a maximum borrowing base equal to 75% of the orderly liquidation value of the vessel collateral); eliminates the feature of the Revolving Credit Agreement whereby the borrower could request an increase in the total commitments by up to $50 million; increases the interest rate margins by 205 to 275 basis points tied to certain financial ratios; reduces the fixed charge coverage ratio to 1.50 from 1.85, effective March 31, 2010; increases the required ratio of total debt to EBITDA from 3.75 to 1.00 to 4.50 to 1.00, effective immediately, to 5.00 to 1.00 at March 31, 2010 and stepping back down to 4.50 to 1.00 at September 30, 2010 and thereafter; changes the covenant requiring minimum asset coverage to total debt of 1.333 times orderly liquidation value, as compared to the previous requirement of 1.25 times fair market value; allows the Partnership to pay quarterly distributions up to a maximum of $0.45 per unit, so long as the Partnership maintains a minimum liquidity of $17.5 million; and changes the maturity of the facility to July 1, 2012 from August 14, 2014.

The operating partnership also amended a secured term loan facility to conform to the terms of the Revolving Credit Agreement, and amended another term loan facility and an operating lease agreement. The Partnership's Current Report on Form 8-K that was filed today with the Securities and Exchange Commission contains a summary of the Amendment.

President and CEO Timothy J. Casey said, "We are pleased that we and our lenders have reached these agreements in an efficient and effective manner. As recently announced, we are holding our quarterly conference call on January 28th at 8:30 a.m. Eastern time (Dial-in # 866-761-0749, Participant Passcode # 49048499) and invite investors to participate."

About K-Sea Transportation Partners

K-Sea Transportation Partners is one of the largest coastwise tank barge operators in the United States. The Partnership provides refined petroleum products transportation, distribution and logistics services in the U.S. domestic marine transportation market, and its common units trade on the New York Stock Exchange under the symbol KSP. For additional information, please visit the Partnership's website, including the Investor Relations section, at www.k-sea.com.

[ScovilleUnits]

Simple pincher watch chart...

[swampboots]

Yes curtains for the options, will try another time if stock falls to $11.

[swampboots]

Yes curtains for the options, will try another time if stock falls to $11.

[ScovilleUnits]

Smith Barney Cuts Tgt to $11.5 vs $21;

Smith Barney Cuts to Sell from Hold; Cuts Tgt to $11.5 vs $21; Analyst Notes

Thursday , October 29, 2009 08:32ET

Issuer: K-Sea Transportation Partners LP (NYSE: KSP)

Analyst Firm: Smith Barney

Ratings Action: DOWNGRADE

Current Rating: Sell (from Hold)

Target Price Action: DECREASE
Target Price: $11.50 (-45.24% from $21.00)

Analyst Comments: Citigroup downgraded K-SEA Transportation Partners to reflect the distributions cut and potential for covenant violations.

This rating information was reported by TheFlyOnTheWall.
http://www.theflyonthewall.com/permalinks/entry.php/KSPid1155211

[swampboots]

KSP is doing forceable downsizing, getting rid of single hull business, and gearing up with double hull.have some long term contracts..Guidance was frothy.I am in KSPKW calls NOV. @15 average .15 cents each call.

45 cent div. Nov. 9th is nice cludy kicker for the share price till then.we will see as risky, but usually sharp correction off such a stepp drop, but job figures tomorrow can void all ups?

Already up .34cents in post market trading , we will see?

[ScovilleUnits]

Q1 EPS (29c) vs 19c Misses 29c Est

Wednesday, October 28, 2009 09:16ET

QUARTER RESULTS
K-Sea Transportation Partners LP (KSP) reported Q1 results ended September 2009. Q1 Revenues were $70.60M; -22.83% vs yr-ago; MISSING revenue consensus by -14.09%. Q1 EPS was (29c); -252.63% vs yr-ago; MISSING earnings consensus by -200.00%.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $70.60M       $91.49M     -22.83%       $82.18M     -14.09% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (29c)           19c    -252.63%           29c    -200.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE ~ http://www.knobias.com/story.htm?eid=3.1.567706fd769d768705a1794ddc3360a19c43ec077a6dade65a054ff7105f8936
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.