EV Energy Partners (EVEP) Agrees to Acquire Nat. Gas and Oil Properties for $202M; Reports Q2 Earnings
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EV Energy Partners, L.P. (Nasdaq: EVEP) reports Q2 EPS of $1.25, 8 cents lower than the analyst estimate of $1.33. Revenues for the quarter were $61.05 million, versus the consensus of $49.30 million.
Also announced that it has entered into four agreements to acquire natural gas and oil properties in the San Juan Basin, Mid-Continent (Oklahoma, Texas Panhandle and Kansas), Eastland County, Texas and West Virginia for $202.7 million. The acquisitions, which have been approved by the Board of Directors, are expected to close between the end of August and mid-September, and are subject to customary closing conditions and purchase price adjustments.
EV Energy Partners, L.P. engages in the acquisition, production, and development of oil and gas properties.
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EarningsMergers and Acquisitions
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