Energy Partners Ltd - Current report filing (8-K)
08 Maggio 2008 - 2:36PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
Current
Report
Pursuant
to Section 13 or 15 (d) of the Securities
Exchange
Act of 1934
May
8, 2008
Date of Report (Date of earliest event reported)
ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
Delaware
|
001-16179
|
72-1409562
|
(State or other jurisdiction of
incorporation)
|
(Commission File Number)
|
(I.R.S. Employer
Identification No.)
|
201 St. Charles Avenue, Suite 3400
New Orleans, Louisiana 70170
|
(Address
of principal executive offices)
|
(504) 569-1875
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following
provisions (see General Instruction A.2. below):
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On May 8, 2008, Energy Partners, Ltd. (the “Company”) issued a press
release with respect to its 2008 first quarter earnings. The press
release contains management’s disclosure of discretionary cash flow (as
described below), which may be deemed a "non-GAAP financial measure" as
defined in Item 10 of Regulation S-K of the Securities Exchange Act of
1934, as amended. This non-GAAP financial measure and reconciliation to
the most comparable GAAP financial measure for the quarter ended March
31, 2008 are included in the press release. The press release is
furnished as Exhibit 99.1 to this current report and incorporated by
reference herein.
Discretionary cash flow is defined as cash flow from operations before
changes in working capital and exploration expenditures. Discretionary
cash flow is widely accepted as a financial indicator of an oil and
natural gas company’s ability to generate cash, which is used to
internally fund exploration and development activities, pay dividends
and service debt. Discretionary cash flow is presented based on
management's belief that this non-GAAP measure is useful information to
investors because it is widely used by professional research analysts in
the valuation, comparison, rating and investment recommendations of
companies within the oil and natural gas exploration and production
industry. The Company does not use this non-GAAP measure for any other
purpose. Many investors use the published research of these analysts in
making their investment decisions. Discretionary cash flow is not a
measure of financial performance under GAAP and should not be considered
as an alternative to cash flows from operating activities, as defined by
GAAP, or as a measure of liquidity, or an alternative to net income.
Investors should be cautioned that discretionary cash flow as reported
by the company may not be comparable in all instances to discretionary
cash flow as reported by other companies.
The information furnished pursuant to this Item 2.02, including Exhibit
99.1, shall not be deemed to be "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934, as amended, and will not be
incorporated by reference into any registration statement filed under
the Securities Act of 1933, as amended, unless specifically identified
therein as being incorporated therein by reference.
EXHIBIT INDEX
|
Exhibit No.
|
Description
|
|
|
|
|
99.1
|
Press release, dated May 8, 2008
announcing earnings for the quarter ended March 31, 2008.
|
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated:
|
May 8, 2008
|
|
|
|
|
|
|
|
|
|
ENERGY PARTNERS, LTD.
|
|
|
|
|
|
|
|
|
By:
|
/s/ Joseph T. Leary
|
|
|
|
Joseph T. Leary
|
|
|
|
Executive Vice President and
|
|
|
|
Chief Financial Officer
|
|
|
|
(authorized officer and
|
|
|
|
principal financial officer)
|
-3-
Grafico Azioni Energy Partners (NYSE:EPL)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Energy Partners (NYSE:EPL)
Storico
Da Lug 2023 a Lug 2024