EV Energy Partners (EVEP) Misses Q1 EPS by 15c

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Go back to EV Energy Partners (EVEP) Misses Q1 EPS by 15c

EV Energy Partners Announces First Quarter 2016 Results

May 10, 2016 6:21 AM EDT

HOUSTON, May 10, 2016 (GLOBE NEWSWIRE) -- EV Energy Partners, L.P. (NASDAQ: EVEP) today announced results for the first quarter of 2016 and the filing of its Form 10-Q with the Securities and Exchange Commission.  In addition, EVEP provided an update of its commodity hedge positions.

First Quarter 2016 Results

Adjusted EBITDAX for the first quarter of 2016 was $20.2 million, a 62 percent decrease from the first and fourth quarters of 2015.  EVEP reported Distributable Cash Flow of $(1.2) million for the first quarter of 2016.  The decreases in Adjusted EBITDAX and Distributable Cash Flow were primarily... More