November 18, 2015 [OPIS] - Puma Energy, a globally integrated midstream and downstream energy company, said on Tuesday its third-quarter EBITDA increased 5% to $177 million from $168 million a year ago.
Its second-quarter EBITDA was $174 million.
Singapore-based Puma Energy is a privately owned company. Its two main shareholders are Trafigura Group and Sonangol Holdings.
Sales volumes increased 26% to 5.004 billion cubic meters compared with 3.956 billion cubic meters a year ago.
In the third quarter, Puma completed the acquisitions of midstream and downstream assets from Murco in the U.K., the bitumen business from BP in Australia, the entire business of Brent Oil in South Africa and BP’s regional aviation fuel business in Puerto Rico.
Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide in 46 countries.
The company directly manages over 7,650 employees. Headquartered in Singapore, it has regional hubs in Johannesburg, South Africa; San Juan, Puerto Rico; Brisbane, Australia; and Tallinn, Estonia.
Puma Energy’s core activities in the midstream sector include the supply, storage and transportation of petroleum products via a network of 88 bulk storage terminals.
Puma Energy currently has a global network of over 2,250 retail service stations and supplies 48 airports.
