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EV Energy Partners LP Message Board

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  • mlpvestor mlpvestor Aug 13, 2010 3:41 PM Flag

    Quaterly report

    hulcal-thanks for observations. To arrive at coverage I ignored the number of shares/units as distribution coverage should be the absolute dollars which should included payments to gp. ( in my view if you only take a unit rate times shares outstanding you may miscalculate impact of distributions to gp)

    In absolute dollars (in thousands below)in second quarter evep reported dcf was $23,050,

    and reported distributions were $23,212 ($43,433 ytd less first quarter $20,221) to everyone;

    so distribtuions exceeded dcf around $162 thousand, resulting in a coverage of .99

    In first quarter coverage also appeared to be .99 as distributions were $20,221 to everyone and dcf was $20,052 or around $170 thousand greater

    In first quarter gp contributed $1,977 to evep, not sure what they covered in reality but some could be excess distributions over dcf

    Again all of this is just my calculations, but data comes straight from finacials reported to SEC. In other mlp's the formula above usually corresponds to the coverage ratio they report

    I have beat this dead horse enough

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