Memorial Production Partners LP Announces First Quarter 2015 Cash Distribution and First Quarter 2015 Earnings Conference Cal...
27 April 2015 - 8:00PM
Memorial Production Partners LP (Nasdaq:MEMP) announced today that
the board of directors of its general partner declared a cash
distribution of $0.55 per unit for the first quarter of 2015. This
distribution represents an annualized amount of $2.20 per unit and
will be paid on May 13, 2015 to unitholders of record as of the
close of business on May 6, 2015.
MEMP also announced today that it will report first quarter 2015
financial and operating results before the market opens for trading
on May 6, 2015. Following the announcement, management will host a
first quarter 2015 earnings conference call at 10 a.m. CT.
Interested parties are invited to participate on the call by
dialing (844) 735-9435 (Conference ID: 29602745) at least 15
minutes prior to the start of the call or via the internet at
www.memorialpp.com. A replay of the call will be available on
MEMP's website or by phone at (855) 859-2056 (Conference ID:
29602745) for a seven-day period following the call.
This release serves as qualified notice to nominees as provided
for under Treasury Regulation Section 1.1446-4(b) (4) and
(d). Please note that 100% of MEMP's distributions to foreign
investors are attributable to income that is effectively connected
with a United States trade or business. Accordingly, all of
MEMP's distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate for
individuals or corporations, as applicable. Nominees, and not MEMP,
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
Memorial Production Partners LP is a publicly traded partnership
engaged in the acquisition, production and development of oil and
natural gas properties in the United States. MEMP's properties
consist of mature, legacy oil and natural gas fields. MEMP is
headquartered in Houston, Texas. For more information, visit
www.memorialpp.com.
Forward-Looking Statements
This press release may include "forward-looking statements." All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that MEMP expects, believes or anticipates will or may occur in the
future are forward-looking statements. Terminology such as "will,"
"expect," "plan," "project," "intend," "estimate," "believe,"
"target," "potential," the negative of such terms or other
comparable terminology often identify forward-looking
statements. These statements are based on certain assumptions
made by MEMP based on its experience and perception of historical
trends, current conditions, expected future developments and other
factors it believes are appropriate in the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of MEMP, which
may cause MEMP's actual results to differ materially from those
implied or expressed by the forward-looking statements. Please read
MEMP's filings with the Securities and Exchange Commission ("SEC"),
which are available on MEMP's Investor Relations website at
http://investor.memorialpp.com/sec.cfm or on the SEC's website at
http://www.sec.gov, for a discussion of risks and uncertainties
that could cause actual results to differ from those in such
forward-looking statements. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary
statement. MEMP undertakes no obligation and does not intend
to update these forward-looking statements to reflect events or
circumstances occurring after this press release.
CONTACT: Memorial Production Partners LP
Ronnetta Eaton - Manager, Investor Relations
(713) 588-8350
ir@memorialpp.com
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