EP Energy Corp. (EPE) Reports Q1 EPS of $0.13

EP Energy Corp. (NYSE: EPE) reported Q1 EPS of $0.13, versus $0.18 reported last year.

"We are off to a great start this year with another successful quarter of operational improvements," said Brent Smolik, chairman, president, and chief executive officer of EP Energy Corporation. "During the quarter, we reduced capital and cash costs more quickly than expected which increases project returns and improves cash margins. In our Wolfcamp program we are seeing meaningful improvements in well performance driven by a growing knowledge base and enhanced drilling and completion designs. We expect that additional cost savings and increased well productivity in all capital programs will further improve financial and operational results as we move through the year. We are well positioned to build value and execute our strategy into the future."

For earnings history and earnings-related data on EP Energy Corp. (EPE) click here.

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