Texas-based energy company EV Energy Partners has reported net income of $225.5 million, or $11.14 per basic unit for full year 2008 compared to net income of $11.2 million, or $0.74 per basic unit for full year 2007.

The company posted net income of $145.5 million, or $6.88 per basic unit for the fourth quarter of 2008 compared to net loss of $11.9 million, or $0.78 per basic unit.

The company’s production for full year 2008 was 14.6 Bcf of natural gas, 437 MBbls of crude oil and 543 MBbls of natural gas liquids, or 20.5 Bcfe. This was a 73% increase over full year 2007 production of 11.8 Bcfe, primarily due to acquisitions made during 2007 and 2008.