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Last $6.92 USD
Change Today +0.32 / 4.85%
Volume 722.2K
EPE On Other Exchanges
Symbol
Exchange
New York
Munich
As of 11:05 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

ep energy corp-cl a (EPE) Snapshot

Open
$6.61
Previous Close
$6.60
Day High
$7.05
Day Low
$6.51
52 Week High
09/3/14 - $18.59
52 Week Low
08/26/15 - $5.11
Market Cap
1.7B
Average Volume 10 Days
3.7M
EPS TTM
$0.51
Shares Outstanding
248.0M
EX-Date
--
P/E TM
13.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for EP ENERGY CORP-CL A (EPE)

ep energy corp-cl a (EPE) Related Businessweek News

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ep energy corp-cl a (EPE) Details

EP Energy Corporation, an independent exploration and production company, acquires and develops unconventional onshore oil and natural gas properties in the United States. The company primarily holds interests in various properties covering approximately 440,000 net acres that are located in various areas comprising Eagle Ford Shale, South Texas; Wolfcamp Shale, the Permian Basin, West Texas; the Altamont field in the Uinta Basin, northeastern Utah; and Haynesville Shale, North Louisiana. As of December 31, 2014, it had proved reserves of 622.2 million barrels of oil equivalent. The company sells its oil and gas production to third parties. EP Energy Corporation is headquartered in Houston, Texas.

748 Employees
Last Reported Date: 02/23/15

ep energy corp-cl a (EPE) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $861.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $462.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $431.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $382.8K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $316.8K
Compensation as of Fiscal Year 2014.

ep energy corp-cl a (EPE) Key Developments

EP Energy Corporation Announces Board Changes

EP Energy Corporation announced that on August 1, 2015, Mr. Ilrae Park resigned from the Board of Directors of the company. Pursuant to its director appointment rights under the company's Stockholders Agreement dated August 30, 2013, the KNOC Sponsor designated Mr. Jaegu Nam to replace Mr. Park on the Board, effective as of August 1, 2015, which designation was approved by the company's Board. Mr. Nam is also expected to serve on the Board's Compensation and Governance & Nominating Committees.

EP Energy Files Shelf Registration; Mulls Acquisitions

EP Energy Corporation (NYSE:EPE) has filed a Shelf Registration in the amount of $75 million. The company tends to use the net proceeds from the sale of securities are offering for general corporate purposes. This may include, among other things, additions to working capital, repayment or refinancing of existing indebtedness or other corporate obligations, financing of capital expenditures and acquisitions and investment in existing and future projects.

EP Energy Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015 and Production Results for the Second Quarter Ended June 30, 2015; Provides Production Guidance for the Year of 2015

EP Energy Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2015 and production results for the second quarter ended June 30, 2015. For the quarter, the company reported net loss of $212 million against $118 million a year ago. Loss from continuing operations was $212 million against $112 million a year ago. EBITDAX was $9 million against $119 million a year ago. Adjusted EBITDAX was $404 million against $372 million a year ago, due primarily to higher oil volumes and lower operating costs.  Net cash provided by operating activities was $273 million against $266 million a year ago. The company reported $0.17 Adjusted EPS and $1.36 Discretionary cash flow per share for the second quarter 2015. Total capital expenditures in the second quarter 2015 were $358 million with more than $200 million invested in the company's Eagle Ford program. For the six months, the company reported net loss of $193 million against $208 million a year ago. Loss from continuing operations was $193 million against $212 million a year ago. EBITDAX was $351 million against $242 million a year ago. Adjusted EBITDAX was $770 million against $722 million a year ago. Net cash provided by operating activities was $564 million against $489 million a year ago. Net debt was $4.86 billion at June 30, 2015. Adjusted diluted EPS was $0.30 against $0.39 a year ago. During the second quarter of 2015, the company completed 63 wells and average daily oil production increased 19% to 63.4 MBbls/d of oil, up from 53.3 MBbls/d in the second quarter of 2014. Total equivalent production grew to 1,090,000 barrels of oil equivalent per day (MBoe/d), up from 96.7 MBoe/d in the same period last year. As a result of continued well performance improvements and operational efficiency gains, the company updated its full year production, cost estimates, and completion counts for 2015. The company now expects oil production for the year of 60.5 MBbls/d to 63.5 MBbls/d and equivalent production for the year of 102.25 MBoe/d to 110.25 MBoe/d. Total well completions now reflect 165 to 195 gross wells completed for the year and due to drilling efficiencies, cost savings and shifting capital within its programs will provide for 10 to 15 additional Wolfcamp well completions in 2015. The company also lowered its expected cash costs for the year primarily due to decreased lease operating and labor costs and lower production taxes.  The company expects development capital in the second half of 2015 to be approximately $300 million lower than the first half of 2015.  The lower capital combined with the benefit of the company's commodity hedges and lower costs is expected to reduce net debt by the end of 2015.

 

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EPE

Industry Average

Valuation EPE Industry Range
Price/Earnings 2.1x
Price/Sales 0.9x
Price/Book 0.4x
Price/Cash Flow 0.9x
TEV/Sales NM Not Meaningful
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