EV Energy Partners Earnings: Everything You Must Know Now

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.

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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)…

Revenue decreased 2.38% from $75.5 million in the previous quarter. EPS decreased to $-1.08 in the quarter versus EPS of $-0.23 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.20 to a profit $0.22. For the current year, the average estimate has moved up from a profit of $0.89 to a profit of $1.08 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)