Penn Virginia GP Holdings, L.P. (NYSE: PVG) today reported financial results for the three months ended September 30, 2009.

Distributable cash, a non-GAAP (generally accepted accounting principles) measure, was $14.8 million for the three months ended September 30, 2009, the same as the $14.8 million in the prior year quarter. Adjusted net income, a non-GAAP measure that excludes the effects of the non-cash change in derivatives fair value, was $11.4 million, or $0.29 per limited partner unit, as compared to $5.8 million, or $0.15 per limited partner unit, in the prior year quarter. Net income was $10.2 million, or $0.26 per limited partner unit, as compared to $20.3 million, or $0.52 per limited partner unit, in the prior year quarter.