Memorial Production Partners Lp (MEMP) 10-K Annual Report Tue Mar 05 2013

MEMP Annual Reports

Memorial Production Partners Lp

HISTORY TOOLS

CIK: 1521847 Ticker: MEMP

Exhibit 99.1

News

For Immediate Release

Memorial Production Partners LP Announces Fourth Quarter and Full Year 2012

Results, Updated Commodity Hedge Positions and 2013 Guidance

HOUSTON, TEXAS, March 5, 2013—

Memorial Production Partners LP (NASDAQ: MEMP) announced today its operating and financial results for the three and twelve months ended December 31, 2012. In addition, MEMP provided an update of its commodity hedge positions presented in the Hedge Summary Table below along with previously announced 2013 guidance.

Key Fourth Quarter and Full Year 2012 Highlights:

Average daily production increased 13% to 72.9 MMcfe for the fourth quarter 2012, compared to 64.5 MMcfe for the fourth quarter 2011; and 16% to 67.2 MMcfe for the full year 2012, compared to 58.0 MMcfe in 2011.

Adjusted EBITDA⁽¹⁾ increased 11% to $27.9 million for the fourth quarter 2012, compared to $25.1 million for the fourth quarter 2011; and 23% to $110.1 million for the full year 2012, compared to $89.4 million in 2011.

Fourth quarter distribution coverage ratio of 1.10x and full year 2012 distribution coverage ratio of 1.27x.

Fourth quarter cash distribution of $0.5075 per unit, or $2.03 per unit on an annualized basis, represents a 6.8% increase over the annualized minimum quarterly distribution of $1.90 per unit.

Completed fifth acquisition for $271 million, which added approximately 1,574 Bbls per day of net production at the time of acquisition.

Closed a public offering of 11,975,000 common units at $17.00 per unit. MEMP received net proceeds of approximately $194 million, which were primarily used to fund a portion of the purchase price for MEMP’s fifth acquisition and for general partnership purposes.

The following information was filed by Memorial Production Partners Lp (MEMP) on Tuesday, March 5, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1521847/000119312513091519/d444122d10k.htm

View differences made from one year to another to evaluate Memorial Production Partners Lp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Memorial Production Partners Lp.

Continue

Assess how Memorial Production Partners Lp's management team is paid from their Annual Proxy

Memorial Production Partners Lp's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Memorial Production Partners Lp provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 99.1: Additional Exhibits

Ticker: MEMP
CIK: 1521847
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-091519
Submitted to the SEC: Tue Mar 05 2013 3:06:20 PM EST
Accepted by the SEC: Tue Mar 05 2013
Period: Monday, December 31, 2012
Industry: Crude Petroleum And Natural Gas

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/memp/0001193125-13-091519.htm

Memorial Production Partners Lp (MEMP) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

SEC Filings

MEMP Valuations

MEMP Annual Reports