Last $22.38 USD
Change Today -0.07 / -0.31%
Volume 96.1K
MCEP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

mid-con energy partners lp (MCEP) Snapshot

Open
$22.53
Previous Close
$22.45
Day High
$22.53
Day Low
$22.28
52 Week High
10/21/13 - $27.05
52 Week Low
06/5/14 - $20.75
Market Cap
472.9M
Average Volume 10 Days
79.5K
EPS TTM
$1.83
Shares Outstanding
21.1M
EX-Date
07/31/14
P/E TM
12.2x
Dividend
$2.06
Dividend Yield
9.20%
Current Stock Chart for MID-CON ENERGY PARTNERS LP (MCEP)

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mid-con energy partners lp (MCEP) Details

Mid-Con Energy Partners, LP is engaged in the acquisition, exploitation, development, and production of oil and natural gas properties in North America. Its properties are located in Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma, Texas, and Colorado within the Hugoton Basin in the Mid-Continent region of the United States. The company owns a 83% average working interest in 377 net producing wells, 152 net injection wells, and 169 net wells shut-in or waiting on completion. As of December 31, 2013, its total estimated proved reserves were approximately 13.9 million barrels of oil equivalent. Mid-Con Energy GP, LLC serves as the general partner of Mid-Con Energy Partners, LP. The company was founded in 2011 and is headquartered in Dallas, Texas.

mid-con energy partners lp (MCEP) Top Compensated Officers

Chief Executive Officer of Mid-Con Energy GP ...
Total Annual Compensation: $626.2K
President of Mid-Con Energy GP LLC, Chief Eng...
Total Annual Compensation: $131.9K
Executive Chairman of The Board of Mid-Con En...
Total Annual Compensation: $451.7K
Chief Accounting Officer of Mid-Con Energy GP...
Total Annual Compensation: $165.9K
Vice President of Business Development of Mid...
Total Annual Compensation: $266.1K
Compensation as of Fiscal Year 2013.

mid-con energy partners lp (MCEP) Key Developments

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

Mid-Con 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.

Mid-Con Energy Partners, LP Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Mid-Con Energy Partners, LP reported unaudited consolidated earnings and production results for the second quarter and unaudited consolidated earnings results for the six months ended June 30, 2014. For the quarter, the company reported total revenues of $19.4 million compared to $22.8 million reported in the same period last year. For the second quarter of 2014, Mid-Con Energy reported net income of $3.8 million, or $0.18 per limited partner unit (basic and diluted) compared to net income of $10.5 million, or $0.54 per limited partner unit (basic and diluted) reported last year. The change was primarily attributable to the unfavorable net effect of derivatives, higher LOE, DD&A costs, and production taxes, partially offset by higher sales volumes. Operating revenues, which include the effect of settled commodity derivatives but exclude the net impact of unsettled commodity derivatives, were $22.3 million in the second quarter of 2014. This represents a 2.0% increase from the second quarter of 2013. The positive sequential variance was the result of 5.1% higher daily production partially offset by 2.9% lower prices. Income from operations was $4.9 million against $11.3 million reported last year. Adjusted EBITDA, a non-GAAP measure, for the second quarter of 2014 was $12.7 million against $16.1 million reported last year. For the six months, the company reported total revenues of $39.2 million compared to $41.8 million reported in the same period last year. Income from operations was $7.3 million against $16.0 million reported last year. Limited partners' interest in net income was $5.3 million or $0.26 per basic and diluted limited partner unit against $14.3 million or $0.75 per basic and diluted limited partner unit reported last year. Net cash provided by operating activities was $25.5 million against $29.6 million reported last year. Additions to oil and natural gas properties were $16.1 million against $14.5 million reported last year. Acquisitions of oil and natural gas properties were $14.6 million against $28.7 million reported last year. Production for the second quarter of 2014 was 248 MBoe. On a daily basis, this represents a 3.9% increase from the first quarter of 2014 and a 5.1% increase year-over-year. Production averaged 2,725 Boe/d, an increase of 5.1% from 2,593 Boe/d reported last year. Average daily oil production was 2,692 Bbl/d against 2,527 Bbl/d reported last year.

Mid-Con Energy Partners, LP Announces Quarterly Cash Distribution Payable on August 11, 2014

Mid-Con Energy Partners, LP announced that the Board of Directors of its general partner approved a quarterly cash distribution of $0.515 per unit, or $2.06 per unit on an annualized basis, for the quarter ended June 30, 2014. The distribution will be payable on August 11, 2014 to unitholders of record at the close of business on August 4, 2014.

 

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MCEP

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Valuation MCEP Industry Range
Price/Earnings 24.0x
Price/Sales 5.2x
Price/Book 5.3x
Price/Cash Flow 13.9x
TEV/Sales 3.7x
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