EV Energy Partners (EVEP) Lowers Quarterly Dividend 35.5% to $0.50; 14.3% Yield

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Go back to EV Energy Partners (EVEP) Lowers Quarterly Dividend 35.5% to $0.50; 14.3% Yield

EV Energy Partners (EVEP) Revises Q4 Outlook; Guides FY15

February 2, 2015 7:38 AM EST

EV Energy Partners (NASDAQ: EVEP) announced the following on Monday:

Revised Production Guidance for Fourth Quarter 2014 and Guidance for Full Year 2015

Fourth quarter 2014 production is expected to average approximately 171 mmcfe per day, or down approximately 2.7% from third quarter levels. During the quarter, production in West Virginia was down on average by 1.9 mmcfe per day due to a compressor change-out program by the operator.

Guidance for 2015 is presented below. As previously noted, E&P capital expenditures have been reduced to between $55 million and $65 million, as compared to approximately $100 million for 2014, and EVEP's 21%... More