Form 10-Q EV Energy Partners, LP For: Sep 30

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Go back to Form 10-Q EV Energy Partners, LP For: Sep 30

UPDATE: EV Energy Partners (EVEP) Posts Q3 Loss of 20c/Share; Updates Distribution Guidance

November 9, 2015 6:30 AM EST

(Updated - November 9, 2015 6:44 AM EST)

EV Energy Partners (NASDAQ: EVEP) reported Q3 EPS of ($0.20), which may not compare with the analyst estimate of $0.22. Revenue for the quarter came in at $38.3 million versus the consensus estimate of $56.35 million.

Adjusted EBITDAX for the third quarter of 2015 was $43.8 million, a 29 percent decrease from the third quarter of 2014 and an 18 percent decrease from the second quarter of 2015.

Distribution Update

As EVEP moves forward into 2016, both the volumes and swap prices of its natural gas and crude oil hedges decline from 2015 levels.... More