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What: Shares of EV Energy Partners
So what: During the second quarter, the company reported net income of $39.2 million, or $1.03 per share -- more than a 100% increase from a year ago. Net income includes a $17.4 million gain on derivatives and would have reduced earnings per share to $0.57, a penny short of estimates.
Now what: A distribution of $0.761 per unit was also declared for the quarter. Management touted the company's Utica Shale stake that is under development with Chesapeake Energy
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