Memorial Production Partners (MEMP) Tops Q4 EPS Views
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Memorial Production Partners LP Announces Fourth Quarter and Full-Year 2014 Results and 2015 Guidance
February 25, 2015 6:00 AM ESTHOUSTON, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq: MEMP) announced today its operating and financial results for the three and twelve months ended December 31, 2014. In addition, MEMP provided 2015 guidance.
Full-Year 2014 Highlights:
Average daily production increased 29% to 199.7 MMcfe/d for the full year 2014, compared to 154.3 MMcfe/d in 2013. Â Adjusted EBITDA(1) increased 40% to $309.9 million for the full year 2014, compared to $222.2 million in 2013. Â Year-end proved reserves increased 43% to 1.45 Tcfe, compared to year-end 2013 proved reserves of 1.02 Tcfe."2014 was a year of significant growth across all metrics... More
