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Stock Market & Financial Investment News

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May 12, 2014
06:52 EDTEVEPEV Energy reports Q1 EPS (14c), may not be comparable to consensus 21c
Reports Q1 revenue $95.34M, consensus $92.62M. Q1 EPS of (14c) includes: $16Mof non-cash losses on commodity and interest rate derivatives, $4.5M of non-cash costs contained in general and administrative expenses, $2.3M of payroll tax related cash costs contained in general and administrative expenses associated with the annual vesting of phantom units during the first quarter which will not be incurred during the second through fourth quarters, $1.5M gain on the sale of oil and natural gas properties, and $300,000 of dry hole and exploration costs.
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