Exploration & Production | Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
EV Energy Tags Income of $32.9 Million in Q2
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EV Energy Partners, L.P., has reported results for the second quarter 2013.
Adjusted EBITDAX for the quarter was $52.6 million, a 9 percent increase over the first quarter of 2013 and a 20 percent decrease from the second quarter of 2012. Distributable Cash Flow for the quarter was $26.1 million, a 20 percent increase over the first quarter of 2013 and a 24 percent decrease from the second quarter of 2012. The changes in Adjusted EBITDAX and Distributable Cash Flow are primarily attributable to the decreases in realized gains in commodity derivatives and in sales price per unit of natural gas liquids, partially offset by an increase in natural gas production.
Production for the second quarter of 2013 was 11.1 Bcf of natural gas, 245 MBbls of crude oil and 526 MBbls of natural gas…
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