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    EPEGQ   US2687851020

EP ENERGY CORPORATION

(EPEGQ)
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EP Energy Intends to Evaluate Range of Strategic Alternatives to Maximize Shareholder Value

03/12/2021 | 12:00pm EDT

EP Energy Corporation ("EP Energy" or the "Company") announced that its Board of Directors (the "Board") intends to evaluate a range of strategic alternatives to maximize shareholder value, including without limitation, a corporate sale, merger or other business combination, or other transactions. The Company has engaged Credit Suisse Securities (USA) LLC ("Credit Suisse") and Jefferies LLC ("Jefferies") as financial advisors to assist with the evaluation process. President and Chief Executive Officer Russell Parker stated, "We are very pleased to be working with our advisors to explore strategic alternatives that maximize value for our shareholders. With the completion of our Southern Midland Basin asset sale, the management team and our Board believe now is an opportune time to evaluate alternatives to bring value forward for our shareholders. There can be no assurance that such evaluation will result in one or more transactions or other strategic change or outcome. The Company has not set a timetable for the conclusion of its evaluation or strategic alternatives, and it does not intend to comment further unless and until the Board has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or required by law.


ę S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 1.88% 9.11 Delayed Quote.-21.56%
EP ENERGY CORPORATION 0.00%End-of-day quote.1,723.53%
All news about EP ENERGY CORPORATION
03/23EP Energy Corporation Provides Production Guidance for the Year of 2021
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03/12EP Energy Intends to Evaluate Range of Strategic Alternatives to Maximize Shareholder V..
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02/23RRP Acquisitions 1 LLC completed the acquisition of Texas assets of EP Energy Corporati..
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2020An unknown buyer entered into an agreement to acquire Texas assets of EP Energy Corpora..
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2020EP Energy Corporation Emerged from Bankruptcy
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2020EP ENERGY : Q2 2020 Financial Report
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2020Modified Fifth Amended Joint Reorganization Plan Approved for EP Energy Corporation
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2020Order Approving Combined Hearing for Fifth Amended Reorganization Plan & Disclosure Sta..
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2020Fifth Amended Joint Reorganization Plan and Disclosure Statement Filed by EP Energy Cor..
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2020Motion for Exclusivity Period Extension Approved For EP Energy Corporation
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More news
Financials (USD)
Sales 2019 901 M - -
Net income 2019 -943 M - -
Net Debt 2019 4 740 M - -
P/E ratio 2019 0,00x
Yield 2019 -
Capitalization 15,8 M 15,8 M -
EV / Sales 2018 3,64x
EV / Sales 2019 5,26x
Nbr of Employees 370
Free-Float -
Income Statement Evolution
Managers and Directors
Russell E. Parker President, Chief Executive Officer & Director
Kyle A. McCuen Chief Financial Officer, Treasurer & Senior VP
Alan R. Crain Chairman
Chad D. England Chief Operating Officer & Senior Vice President
Robert C. Reeves Independent Director