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BP Midstream Partners LP Priced, NYSE: BPMP

MLP formed by BP to own pipelines for crude oil and refined products.

Industry: Energy

First Day Return: -4.2%

Industry: Energy

We are a fee-based, growth-oriented master limited partnership recently formed by BP Pipelines, an indirect wholly owned subsidiary of BP, to own, operate, develop and acquire pipelines and other midstream assets. Our initial assets consist of interests in entities that own crude oil, natural gas, refined products and diluent pipelines serving as key infrastructure for BP and other customers to transport onshore crude oil production to BP's Whiting Refinery and offshore crude oil and natural gas production to key refining markets and trading and distribution hubs. Certain of our assets deliver refined products and diluent from the Whiting Refinery and other U.S. supply hubs to major demand centers. We own one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.
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IPO Data
IPO File Date 09/11/2017
Offer Price $18.00
Price Range $19.00 - $21.00
Offer Shares (mm) 42.5
Deal Size ($mm) $765
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/25/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $765
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Houston, TX, United States
Founded 2017
Employees at IPO 0
Website www.bpmidstreampartners.com

BP Midstream Partners LP (BPMP) Performance