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Last $15.02 USD
Change Today +0.32 / 2.18%
Volume 400.8K
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

memorial production partners (MEMP) Snapshot

Open
$14.67
Previous Close
$14.70
Day High
$15.12
Day Low
$14.60
52 Week High
07/3/14 - $24.19
52 Week Low
12/16/14 - $11.75
Market Cap
1.3B
Average Volume 10 Days
459.4K
EPS TTM
$-0.33
Shares Outstanding
84.0M
EX-Date
05/4/15
P/E TM
--
Dividend
$2.20
Dividend Yield
14.66%
Current Stock Chart for MEMORIAL PRODUCTION PARTNERS (MEMP)

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memorial production partners (MEMP) Details

Memorial Production Partners LP, through its subsidiary, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, and working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, New Mexico, and offshore Southern California. As of December 31, 2014, its total estimated proved reserves were approximately 1,454 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of Memorial Production Partners LP. The company was founded in 2011 and is headquartered in Houston, Texas.

Founded in 2011

memorial production partners (MEMP) Top Compensated Officers

Chairman of Memorial Production Partners GP L...
Total Annual Compensation: $165.0K
President of Memorial Production Partners GP ...
Total Annual Compensation: $330.0K
Chief Financial Officer of Memorial Productio...
Total Annual Compensation: $220.0K
Senior Vice President of Memorial Production ...
Total Annual Compensation: $308.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $308.0K
Compensation as of Fiscal Year 2014.

memorial production partners (MEMP) Key Developments

Memorial Production Partners LP Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Impairment for the First Quarter Ended March 31, 2015

Memorial Production Partners LP reported unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's total revenues were $92,818,000 compared to $116,885,000 a year ago. Operating loss was $136,370,000 compared to $16,739,000 a year ago. Loss before income taxes was $165,028,000 compared to $32,817,000 a year ago. Net loss was $162,658,000 compared to $32,892,000 a year ago. Net loss attributable to the company was $162,817,000 compared to $32,947,000 a year ago. Basic and diluted loss per limited partner unit was $1.90 compared to $0.56 a year ago. Adjusted EBITDA was $86,432,000 compared to $62,046,000 a year ago. Net cash provided by operating activities was $71,963,000 compared to $54,805,000 a year ago. Total capital expenditures for the first quarter of 2015 were $68.6 million, including maintenance capital expenditures of $26.5 million. Total debt outstanding as of March 31, 2015 was $1.8 billion. For the quarter, the company's oil production volumes 1,021 MBbls compared to 463 MBbls a year ago. NGLs production volumes was 699 MBbls compared to 492 MBbls a year ago. Natural gas production volumes was 12,381 MMcf compared to 11,084 MMcf a year ago. Average net production was 252.2 MMcfe/d compared to 186.8 MMcfe/d a year ago. The company provided impairment for the first quarter ended March 31, 2015. For the quarter, impairment of proved oil and natural gas properties was $251,347,000.

Memorial Production Partners LP Declares Cash Distribution for the First Quarter of 2015, Payable on May 13, 2015

Memorial Production Partners LP announced that the board of directors of its general partner declared a cash distribution of $0.55 per unit for the first quarter of 2015. This distribution represents an annualized amount of $2.20 per unit and will be paid on May 13, 2015 to unitholders of record as of the close of business on May 6, 2015.

Memorial Production Partners LP to Report Q1, 2015 Results on May 06, 2015

Memorial Production Partners LP announced that they will report Q1, 2015 results at 10:00 AM, Central Standard Time on May 06, 2015

 

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Industry Analysis

MEMP

Industry Average

Valuation MEMP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 1.3x
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
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