Last $38.95 USD
Change Today +0.15 / 0.39%
Volume 362.4K
EVEP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

ev energy partners lp (EVEP) Snapshot

Open
$38.99
Previous Close
$38.80
Day High
$38.99
Day Low
$38.46
52 Week High
09/2/14 - $41.97
52 Week Low
12/18/13 - $30.53
Market Cap
1.9B
Average Volume 10 Days
201.2K
EPS TTM
$-0.19
Shares Outstanding
48.6M
EX-Date
08/6/14
P/E TM
--
Dividend
$3.09
Dividend Yield
7.92%
Current Stock Chart for EV ENERGY PARTNERS LP (EVEP)

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ev energy partners lp (EVEP) Details

EV Energy Partners, L.P. is engaged in the acquisition, development, and production of oil and natural gas properties in the United States. The company operates in two segments, Exploration and Production, and Midstream. Its properties are located in the Barnett Shale; the Appalachian Basin; the Mid–Continent areas in Oklahoma, Texas, Arkansas, Kansas, and Louisiana; the Monroe Field in Northern Louisiana; Central and East Texas; the San Juan Basin; Michigan; and the Permian Basin. As of December 31, 2013, the company had estimated net proved reserves of 13.1 million barrels of oil, 819.7 billion cubic feet of natural gas, and 48.9 million barrels of natural gas liquids. EV Energy GP, L.P. serves as the general partner of EV Energy Partners, L.P. The company was founded in 2006 and is based in Houston, Texas.

Founded in 2006

ev energy partners lp (EVEP) Top Compensated Officers

Chief Executive Officer of EV Management LLC,...
Total Annual Compensation: $150.0K
Executive Chairman of EV Management LLC
Total Annual Compensation: $150.0K
Chief Financial Officer of EV Management LLC ...
Total Annual Compensation: $377.6K
Compensation as of Fiscal Year 2013.

ev energy partners lp (EVEP) Key Developments

EV Energy Partners LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

EV Energy Partners LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

EV Energy Partners LP Reports Production and Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment Charges for the Second Quarter of 2014; Updates Midstream Outlook for the Third Quarter and Fourth Quarter of 2014

EV Energy Partners LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company reported total revenues of $89.36 million compared to $81.602 million a year ago. Operating income was at $17.73 million compared to $9.78 million a year ago. Loss before income taxes and equity in income of unconsolidated affiliates was $12.44 million compared to income of $32.98 million a year ago. Net loss was at $9.02 million or $0.19 per diluted unit compared to net income of $32.85 million or $0.74 per diluted unit a year ago. Adjusted EBITDAX for the quarter was $54.37 million, against $52.80 million reported in second quarter of 2013. Distributable Cash Flow for the second quarter of 2014 was $26.4 million, a 1% increase over the second quarter of 2013. The quarter-over-quarter decrease in adjusted EBITDAX and distributable cash flow is primarily attributable to lower realized NGL prices and lower realized natural gas prices as a percent of NYMEX, partially offset by an increase in midstream EBITDA and a decrease in cash G&A. For the six months period, the company reported a net loss of $15.28 million, or $0.33 per diluted unit against $13.73 million or $0.34 per diluted unit reported for the same period last year. Total revenues were at $184.70 million compared to $155.30 million a year ago. Operating income was at $44.40 million compared to $3.34 million a year ago. Loss before income taxes and equity in income of unconsolidated affiliates was $20.79 million compared to $13.62 million a year ago. Net cash flows provided by operating activities were $63.28 million compared to $70.41 million a year ago. Additions to oil and natural gas properties were $44.87 million compared to $51.81 million a year ago. Adjusted EBITDAX was at $110.49 million, against $101.15 million reported in 2013. For the quarter the company reported an impairment of oil and natural gas properties of $1.07 million against $2.83 million reported last year. Production for the second quarter of 2014 was 11.0 Bcf of natural gas, 255 MBbls of oil and 571 MBbls of natural gas liquids, or 174.9 MMcfe/day. This represents a 2% increase over second quarter 2013 production of 172.3 MMcfe/day and flat to first quarter 2014 production of 174.7 MMcfe/day. Production for the first half of 2014 was 21.80 Bcf of natural gas, 520 MBbls of crude oil and 1,121 MBbls of natural gas liquids, against 21.3 Bcf of natural gas, 508 MBbls of crude oil and 1,029 MBbls of natural gas liquids produced in the first half of 2013. Due to the timing of connection of volumes into the Cardinal Gas Services gathering system and the related throughput volumes into the Utica East Ohio processing and fractionation facilities, the company has adjusted third and fourth quarter guidance ranges for Utica Shale midstream and overriding royalty interest EBITDAX as $7 million to $10 million for third quarter and $9 million to $12 million for fourth quarter of 2014.

EV Energy Partners Seeks Acquisitions

EV Energy Partners LP (NasdaqGS:EVEP) is seeking acquisitions. EV Energy Partners said, "Our future growth will depend on our ability to continue to add reserves through drilling and acquisitions in excess of production. We will maintain our focus on the costs to add reserves through drilling and acquisitions as well as the costs necessary to produce such reserves."

 

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EVEP

Industry Average

Valuation EVEP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.5x
Price/Book 1.9x
Price/Cash Flow 17.6x
TEV/Sales 2.2x
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