Provident Energy Ltd. (NYSE:PVX) announced its 2011 second quarter interim financial and operating results, revised 2011 Adjusted EBITDA guidance and the August cash dividend of $0.045 per share. Adjusted EBITDA is earnings before interest, taxes, depreciation, amortization, and other non-cash items - see "Reconciliation of Non-GAAP measures" in the MD&A. Adjusted EBITDA presented above is from continuing operations and excludes the onetime buyout of financial derivative instruments and strategic review and restructuring costs in 2010. Adjusted funds flow from continuing operations excludes realized loss on buyout of financial derivative instruments and strategic review and restructuring costs in 2010. Distributable cash flow is presented as adjusted funds flow from continuing operations, net of sustaining capital.



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