Tue, May 13, 1:03 PM (36 days ago)
**Everflow Eastern Partners, L.P. (EEP) - Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $2,157,952, up 41% YoY, driven by increased crude oil and natural gas sales. - **Net Income:** $972,038, up 323% YoY, representing 45% of total revenues. - **Operating Income:** $471,070, a significant improvement from a loss of $246,398 in Q1 2024. - **Cash Flow from Operations:** $471,520, an increase from $279,984 in Q1 2024. - **Working Capital:** $36,172, up from $34,858 in Q4 2024. **Profit Margins:** - **Gross Margin:** Approximately 23% (estimated from revenue and direct costs). - **Operating Margin:** Approximately 22%. - **Net Margin:** Approximately 45%. **Cash Flow & Earnings Changes:** - **Investing Activities:** Net cash used was $1,558,613, primarily due to purchases of investments and property. - **Financing Activities:** No significant changes reported. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by higher natural gas prices and volumes, offset by lower crude oil prices. - **Expense Management:** Significant reduction in general and administrative expenses. - **Investment Income:** Steady, with a slight increase due to additional purchases of mutual fund shares. **Trends & Uncertainties:** - **Positive Trends:** Increased natural gas production and prices, improved expense management. - **Uncertainties:** Volatility in oil and gas prices, regulatory environment, and dependence on a single operating segment. **Future Operations Impact:** - **Capital Investments:** Funded by operating cash flow and existing cash equivalents. - **Repurchase Right:** Up to 10% of Units may be repurchased, with the price set at 66% of the adjusted book value. - **Contracts:** Natural gas sales contracts in place, with locked-in volumes and pricing. **Ticker:** EEP is not listed on any securities exchange, and Units are not quoted in the automated quotation system of a registered securities association.