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EV Energy Partners Talks 2Q Financials, Hedge Positions
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EV Energy Partners, L.P. announced results for the second quarter of 2015 and the filing of its Form 10-Q with the Securities and Exchange Commission. Additionally, EVEP provided an update on its commodity hedge positions.
Second Quarter 2015 ResultsAdjusted EBITDAX for the second quarter of 2015 was $53.4 million, a 2 percent decrease from the second quarter of 2014 and 1 percent decrease from the first quarter of 2015. Distributable Cash Flow for the second quarter of 2015 was $26.2 million, a 1 percent decrease from the second quarter of 2014 and flat versus the first quarter of 2015. The decreases in Adjusted EBITDAX and Distributable Cash Flow are primarily due to lower production and lower realized commodity prices, partially offset by decreased operating costs and expenses.
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