EV Energy Partners LP (NASDAQ:EVEP) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
EV Energy Partners LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-1.08 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Decreased 5.18% to $73.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EV Energy Partners LP reported adjusted EPS loss of $1.08 per share. By that measure, the company missed the mean analyst estimate of $0.17. It missed the average revenue estimate of $85.18 million.
Quoting Management: Mark Houser, President and CEO, said, “We had strong operating performance through a tough winter. Our Barnett Shale results were excellent, our Utica midstream investment is progressing with start-up of initial processing and fractionation at UEO expected this June, and our Utica acreage sale process is proceeding.”
Key Stats (on next page)…