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Stock Market & Financial Investment News

News Breaks
March 3, 2014
06:31 EDTEVEPEV Energy reports Q4 EPS with-items ($1.06), may not compare to consensus 19c
Reports Q4 revenue $78.59M, consensus $90.82M. Included in net loss were the following items: $77.2M of impairment charges primarily related to the write-down of Permian Basin oil and natural gas properties due to the effects of commodity prices on expected future net cash flows, $41.3M gain on the sale of oil and natural gas properties, $21.2 M of non-cash losses on commodity and interest rate derivatives, and $4.4M of non-cash costs contained in general and administrative expenses.
News For EVEP From The Last 14 Days
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September 29, 2014
10:00 EDTEVEPOn The Fly: Analyst Downgrade Summary
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06:33 EDTEVEPEV Energy downgraded to Hold from Buy at Stifel
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September 23, 2014
08:15 EDTEVEPEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.

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