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Last $8.39 USD
Change Today -0.55 / -6.15%
Volume 395.6K
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

ev energy partners lp (EVEP) Snapshot

Open
$8.60
Previous Close
$8.94
Day High
$8.99
Day Low
$8.31
52 Week High
09/2/14 - $41.97
52 Week Low
08/24/15 - $6.03
Market Cap
410.0M
Average Volume 10 Days
464.7K
EPS TTM
$0.15
Shares Outstanding
48.9M
EX-Date
08/6/15
P/E TM
55.5x
Dividend
$2.00
Dividend Yield
27.10%
Current Stock Chart for EV ENERGY PARTNERS LP (EVEP)

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ev energy partners lp (EVEP) Details

EV Energy Partners, L.P. engages in the acquisition, development, and production of oil and natural gas properties in the United States. The company operates in two segments, Exploration and Production, and Midstream. Its properties are located in the Barnett Shale; the Appalachian Basin; the Mid–Continent areas in Oklahoma, Texas, Arkansas, Kansas, and Louisiana; the Monroe Field in Northern Louisiana; the San Juan Basin, Michigan; Central Texas; and the Permian Basin. As of December 31, 2014, the company had estimated net proved reserves of 11.9 million barrels of oil, 712.2 billion cubic feet of natural gas, and 36.1 million barrels of natural gas liquids. EV Energy GP, L.P. serves as the general partner of EV Energy Partners, L.P. The company was founded in 2006 and is based in Houston, Texas.

Founded in 2006

ev energy partners lp (EVEP) Top Compensated Officers

Chief Executive Officer of EV Management LLC,...
Total Annual Compensation: $410.7K
Executive Chairman of EV Management LLC
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

ev energy partners lp (EVEP) Key Developments

EV Energy Partners LP Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capex Guidance for the Year 2015; Announces Impairment Charges for the Second Quarter Ended June 30, 2015

EV Energy Partners LP reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income was $164.1 million or $3.25 per share versus a loss of $9.0 million or $0.19 per share a year earlier. The results included a $246.7 million gain related to the sale of the company's stake in Utica East Ohio, $48.3 million of impairment charges related to write downs of certain oil and gas properties, $41.2 million on losses on derivatives, and $2.6 million of costs. Total revenues were $44.5 million, down from $89.4 million in the year-ago period. For the second quarter, adjusted EBITDAX was $53.4 million, which is a 2% decrease from the second quarter of 2014 and 1% decrease from the first quarter of 2015. Operating loss was $64.507 million compared to operating income of $17.733 million a year ago. Loss from continuing operations before income taxes was $86.813 million compared to $12.323 million a year ago. Loss from continuing operations was $86.340 million or $1.74 per basic and diluted share against $12.245 million or $0.26 per basic and diluted share a year ago. Distributable cash flow was $26.159 million against $26.409 million a year ago. For the six months period, the company reported a net profit of $102.435 million, or $2.03 per basic and diluted unit against net loss of $15.276 million or $0.33 per basic and diluted unit reported for the same period last year. Total revenues were $91.698 million compared to $184.699 million a year ago. Operating loss was $140.673 million compared to operating loss of $44.401 million a year ago. Loss from continuing operations before income taxes was $153.700 million compared to $20.548 million a year ago. Loss from continuing operations was $153.077 million or $3.08 per basic and diluted share against $20.215 million or $0.43 per basic and diluted share a year ago. Net cash flows provided by operating activities were $73.359 million compared to $63.280 million a year ago. Additions to oil and natural gas properties were $44.854 million compared to $44.865 million a year ago. Adjusted EBITDAX was $52.241 million against $54.978 million a year ago. Distributable cash flow was $52.241 million against $54.978 million a year ago. Production for the second quarter of 2015 was 10.0 Bcf of natural gas, 237 MBbls of oil and 563 MBbls of natural gas liquids, or 162.8 MMcfe/day. This represents a 7% decrease from second quarter 2014 production of 174.9 MMcfe/d and a 6% decrease from first quarter 2015 production of 172.5 MMcfe/day. Production for the first half of 2015 was 20,606 MMcf of natural gas, 478 MBbls of oil and 1,145 MBbls of natural gas liquids, against 21,798 MMcf of natural gas, 520 MBbls of oil and 1,121 MBbls of natural gas liquids produced in the first half of 2014. For the quarter, the company recorded a $48.3 million of impairment charges related to the write down of certain oil and natural gas properties primarily due to a change in the development plans for acreage in the Utica Shale. The company expects to stay towards the lower part of CapEx range of $55 million to $65 million for the full year of 2015.

EV Energy Partners Seeking Acquisitions and JV

EV Energy Partners LP (NasdaqGS:EVEP) are evaluating acquisitions but will continue to work on a DrillCo JV partnership to support drilling capital in exchange for a larger initial working interest that would revert after a specified payout.

EV Energy Partners Declares Second Quarter Cash Distribution Payable on August 14, 2015

EV Energy Partners LP announced a cash distribution attributable to the second quarter of 2015 of $0.50 per unit for all of its outstanding units. The distribution will be payable on August 14, 2015, to unit holders of record at the close of business on August 10, 2015.

 

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Industry Analysis

EVEP

Industry Average

Valuation EVEP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 0.4x
Price/Cash Flow 0.7x
TEV/Sales NM Not Meaningful
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