EV Energy Partners, L.P. Posts Q4 Net Loss; Misses Estimates (EVEP)

Before the opening bell on Monday morning, EV Energy Partners, L.P. (EVEP) reported its fourth quarter earnings, posting higher oil and natural gas production compared to last year’s same quarter.

EVEP’s Earnings in Brief

EVEP reported fourth quarter revenues of $78,59 million, which were up slightly from last year’s Q4 figure of $74.40 million. EV Energy posted a net loss of $50.19 million for its Q4, a larger loss than last year’s Q4 loss of $9.88 million. EVEP reported a net loss of $1.06 per diluted limited partner unit, which down a large amount from last year’s loss of 23 cents. EVEP missed analysts’ revenue estimates of 19 cents EPS on revenues of $90.82 million. EVEP’s production came in at 10.8 Bcf of natural gas, 240 MBbls of oil and 580 MBbls of natural gas liquids, or 170.5 MMcfe/day for the fourth quarter.

EVEP’s Dividend

EV Energy Partners has not raised its dividend since August 2012, when the company bumped its quarterly payout from 76 cents to 77 cents. The company paid its most recent dividend on February 14, and we expect that it will declared its next quarterly distribution within the next few months.

Stock Performance

EVEP shares were inactive in pre-market trading. YTD, the company’s stock is up 1.42%.