Memorial Production Partners (MEMP) Posts Q1 Loss of $1.90/Unit

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Go back to Memorial Production Partners (MEMP) Posts Q1 Loss of $1.90/Unit

Memorial Production Partners LP Announces First Quarter 2015 Results

May 6, 2015 6:00 AM EDT

HOUSTON, May 6, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq: MEMP) announced today its operating and financial results for the three months ended March 31, 2015.

Key First Quarter 2015 Highlights(1):

Average daily production increased 35% to 252.2 MMcfe for the first quarter 2015, compared to 186.8 MMcfe for the first quarter 2014 and increased 1% compared to 250.9 MMcfe for the fourth quarter 2014.   Adjusted EBITDA (2) increased 39% to $86.4 million for the first quarter 2015, compared to $62.0 million for the first quarter 2014 and decreased 8% compared to $93.8 million for the fourth quarter 2014.   Total lease operating expenses decreased 1% to $1.78... More

Memorial Production Partners LP Announces First Quarter 2015 Results

May 6, 2015 6:00 AM EDT

HOUSTON, May 6, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq: MEMP) announced today its operating and financial results for the three months ended March 31, 2015.

Key First Quarter 2015 Highlights(1):

Average daily production increased 35% to 252.2 MMcfe for the first quarter 2015, compared to 186.8 MMcfe for the first quarter 2014 and increased 1% compared to 250.9 MMcfe for the fourth quarter 2014.   Adjusted EBITDA (2) increased 39% to $86.4 million for the first quarter 2015, compared to $62.0 million for the first quarter 2014 and decreased 8% compared to $93.8 million for the fourth quarter 2014.   Total lease operating expenses decreased 1% to $1.78... More