TheTradingReport

Penn Virginia Resource Partners L.P. (PVR) posted adjusted net income of 30 cents per unit, marginally above the Zacks Consensus Estimate of 29 cents and well above 19 cents posted a year ago. The increase in net income was primarily due to improved operating income from PVR Midstream and lower interest and other expenses, offset by lower operating income from PVR Coal & Natural Resource Management and an increase in cash paid to settle interest rate derivatives. Distributable cash flow (DCF) increased 33% to $37.2 million from $28.0 million last year.