Exhibit 99.2

INDEX TO FINANCIAL STATEMENTS

	Page
Unaudited Condensed Consolidated Pro Form Financial Information:
Condensed Consolidated Pro Forma Balance Sheet as of December 31, 2012		F-2
Condensed Consolidated Pro Forma Statement of Operations for the Year Ended December 31, 2012		F-3
Notes to Condensed Consolidated Pro Forma Financial Statements		F-4
Supplemental Pro Forma Information on Oil and Gas Producing Activities		F-7

F-1

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED PRO FORMA BALANCE SHEET

(in thousands, except per share data)

	As of December 31, 2012
	As Reported			Pro Forma Adjustments (a)								Pro Forma
				2020 Senior Notes Offering		Acquisition			Tender Offer
Assets
Current assets
Cash and cash equivalents	$	17,650		$	751,750	$	(404,625	)	$	(318,000	)	$	46,775
Accounts receivable, net of allowance for doubtful accounts		62,978			—		—			—			62,978
Derivative assets		11,292			—		—			—			11,292
Other current assets		4,595			—		—			—			4,595
Total current assets		96,515			751,750		(404,625	)		(318,000	)		125,640
Property and equipment, net (successful efforts method)		1,723,359			—		444,375			—			2,167,734
Derivative assets		5,181			—		—			—			5,181
Other assets		17,934			23,250		—			(5,631	)		35,553
Total assets	$	1,842,989		$	775,000	$	39,750		$	(323,631	)	$	2,334,108
Liabilities and Shareholders’ Equity
Current liabilities
Accounts payable and accrued expenses	$	111,655		$	—	$	—		$	—		$	111,655
Deferred income taxes		370			—		—			—			370
Total current assets		112,025			—		—			—			112,025
Other liabilities		28,901			—		1,500			—			30,401
Derivative liabilities		1,421			—		—			—			1,421
Deferred income taxes		210,767			—		(594	)		(11,433	)		198,740
Long-term debt		594,759			775,000		—			(294,759	)		1,075,000
Shareholders’ equity:
Preferred stock of $100 par value — 100,000 shares authorized; shares issued of 11,500		1,150			—		—			—			1,150
Common stock of $0.01 par value — 128,000,000 shares authorized; shares issued of 55,117,346 (shares issued of 65,117,346 pro forma)		364			—		100			—			464
Paid-in capital		849,046			—		39,650			—			888,696
Retained earnings		45,790			—		(906	)		(17,439	)		27,445
Deferred compensation obligation		3,111			—		—			—			3,111
Accumulated other comprehensive loss		(982	)		—		—			—			(982	)
Treasury stock — 218,320 shares of common stock		(3,363	)		—		—			—			(3,363	)
Total shareholders’ equity		895,116			—		38,844			(17,439	)		916,521
Total liabilities and shareholders’ equity	$	1,842,989		$	775,000	$	39,750		$	(323,631	)	$	2,334,108

See accompanying notes to condensed consolidated pro forma financial statements.

F-2

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED PRO FORMA STATEMENT OF OPERATIONS

(in thousands, except per share data)

	For the Year Ended December 31, 2012
						Pro Forma Adjustments
	As Reported			MHR Historical		2020 Senior Notes Offering			Acquisition			Tender Offer			Pro Forma
Revenues
Crude oil	$	229,572		$	70,231	$	—		$	—		$	—		$	299,803
Natural gas liquids (NGLs)		31,051			1,326		—			—			—			32,377
Natural gas		49,861			554		—			—			—			50,415
Gain on sale of property and equipment		4,282			—		—			—			—			4,282
Other		2,383			—		—			—			—			2,383
Total revenues		317,149			72,111		—			—			—			389,260
Operating expenses
Lease operating		31,266			6,023		—			—			—			37,289
Gathering, processing and transportation		14,196			351		—			—			—			14,547
Production and ad valorem taxes		10,634			3,908		—			—			—			14,542
General and administrative		45,900			—		—			—			—			45,900
Exploration		34,092			—		—			61,011	(b)		—			95,103
Depreciation, depletion and amortization		206,336			—		—			25,927	(c)		—			232,263
Impairments		104,484			—		—			—			—			104,484
Loss on firm transportation commitment		17,332			—		—			—			—			17,332
Other		—			—		—			—			—			—
Total operating expenses		464,240			10,282		—			86,938			—			561,460
Operating loss		(147,091	)		61,829		—			(86,938	)		—			(172,200	)
Other income (expense)
Interest expense		(59,339	)		—		(69,196	)(d)		1,647	(c)		33,609	(d)		(93,279	)
Loss on extinguishment of debt		(3,164	)		—		—			—			(31,356	)(e)		(34,520	)
Derivatives		36,187			—		—			—			—			36,187
Other		116			—		—			—			—			116
Loss from continuing operations before income taxes		(173,291	)		61,829		(69,196	)		(85,291	)		2,253			(263,696	)
Income tax benefit		68,702			—		27,401	(f)		9,291	(f)		(892	)(f)		104,502
Net loss from continuing operations	$	(104,589	)	$	61,829	$	(41,795	)	$	(76,000	)	$	1,361		$	(159,194	)
Loss from continuing operations per share:
Basic	$	(2.18	)												$	(2.75	)
Diluted	$	(2.18	)												$	(2.75	)
Weighted average shares outstanding:
Basic		47,919														57,919
Diluted		47,919														57,919

See accompanying notes to condensed consolidated pro forma financial statements.

F-3

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED PRO FORMA FINANCIAL STATEMENTS

1.    Basis of Presentation

On April 24, 2013, Penn Virginia Oil & Gas Corporation (“PVOG”), a wholly-owned subsidiary of Penn Virginia Corporation (“Penn Virginia”, “PVA”, “we”, “us” or “our”), acquired the issued and outstanding shares of Eagle Ford Hunter, Inc. (“EFH”) from Magnum Hunter Resources Corporation (“MHR”) (the “Acquisition”). Among the assets included in EFH at the time of the closing of the Acquisition are its working interests in 67 wells in the Eagle Ford Shale of South Texas referred to herein as the “Eagle Ford Properties”.

On April 11, 2013, we commenced a cash tender offer (the “Tender Offer”) for all of our outstanding 10.375% Senior Notes due 2016 (the “2016 Senior Notes”). On April 25, 2013, we purchased $173.3 million in aggregate principal amount of 2016 Senior Notes pursuant to the Tender Offer. The Tender Offer is scheduled to expire at 11:59 p.m., New York City time, on May 8, 2013, unless extended. To the extent less than all of the outstanding 2016 Senior Notes are tendered in the Tender Offer, we intend to redeem any or all of the 2016 Senior Notes remaining outstanding in June 2013.

We financed the Acquisition and the Tender Offer with the net proceeds from our issuance and sale of $775 million of our Senior Notes due May 2020 (the “2020 Senior Notes”) and our issuance to MHR of 10 million shares of common stock (the “Stock Issuance” and, together with the Acquisition, the Tender Offer and the issuance and sale of the 2020 Senior Notes, the “Transactions”). The accompanying unaudited Condensed Consolidated Pro Forma Financial Statements present the financial statements of Penn Virginia Corporation and subsidiaries assuming the Transactions occurred as of December 31, 2012 with respect to the balance sheet and as of January 1, 2012 with respect to the statement of operations for the year ended December 31, 2012.

The unaudited Condensed Consolidated Pro Forma Financial Statements are presented for illustrative purposes only and do not purport to represent what our financial position or results of operations would have been if the Transactions had occurred as presented, or to project our financial position or results of operations for any future periods. The pro forma adjustments are based on available information and certain assumptions that management believes are reasonable. The pro forma adjustments are directly attributable to the Transactions and are expected to have a continuing impact on our results of operations. In the opinion of management, all adjustments necessary to present fairly the unaudited Condensed Consolidated Pro Forma Financial Statements have been made.

The following are descriptions of the columns included in the accompanying unaudited Condensed Consolidated Pro Forma Financial Statements:

PVA Historical — Represents our historical condensed consolidated balance sheet as of December 31, 2012 and condensed consolidated statement of operations for the year ended December 31, 2012.

MHR Historical — Represents the historical revenues and direct operating expenses attributable to the Eagle Ford Properties for the year ended December 31, 2012. This information was derived from the audited Statement of Revenues and Direct Operating Expenses of the Eagle Ford Properties included as Exhibit 99.1 to this Current Report on Form 8-K.

Pro Forma Adjustments — Represents the adjustments to the historical condensed consolidated financial statements required to derive our pro forma financial position as of December 31, 2012, assuming the Transactions occurred as of December 31, 2012, and our pro forma results of operations for the year ended December 31, 2012, assuming the Transactions occurred as of January 1, 2012.

F-4

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED PRO FORMA

FINANCIAL STATEMENTS — (CONTINUED)

2.    Acquisition Accounting

The Acquisition closed on April 24, 2013 and has an effective date of January 1, 2013. The Acquisition is being accounted for using the acquisition method of accounting. Accordingly, the assets acquired and liabilities assumed are presented based on their estimated acquisition date fair values. Transaction costs associated with acquisition are expensed as incurred. Costs associated with the offering of the 2020 Senior Notes are capitalized as “Other assets” and amortized through May 2020. Issuance costs associated with the Stock Issuance are recorded in “Paid-in capital” as a reduction of the proceeds received.

The following table summarizes the estimated acquisition date fair values of the net assets to be acquired in the pending transaction:

Assets
Oil and gas properties—proved and unproved	$	401,500
Additions to oil and gas properties (from effective date to closing date)		42,875
		444,375
Liabilities
Asset retirement obligations		(1,500	)
Net assets to be acquired	$	442,875

The fair values of the net assets to be acquired were measured using valuation techniques that convert future net cash flows to a single discounted amount. Significant inputs to the valuation of oil and natural gas properties include estimates of: (i) reserves, (ii) future operating and development costs, (iii) future commodity prices, (iv) estimated future cash flows and (v) a market-based weighted average cost of capital. Because many of these inputs are not observable, we have classified the initial fair value estimate as a Level 3 input as that term is defined in U.S. GAAP.

3.    Loss on Extinguishment of Debt

The loss on extinguishment of debt from the Tender Offer on the 2016 Senior Notes is derived as of December 31, 2012 for purposes of presentation on the Condensed Consolidated Pro Forma Balance Sheet and as of January 1, 2012 for purposes of presentation on the Condensed Consolidated Pro Forma Statement of Operations.

The following table presents the determination of the loss on extinguishment of debt as of the dates presented:

	As of
	December 31, 2012			January 1, 2012
Cash paid to repurchase 2016 Senior Notes in the Tender Offer	$	318,000		$	318,000
Unamortized debt issuance costs attributable to 2016 Senior Notes		5,631			6,917
Less: Carrying value of 2016 Senior Notes		(294,759	)		(293,561	)
Loss on extinguishment of debt	$	28,872		$	31,356

F-5

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED PRO FORMA

FINANCIAL STATEMENTS — (CONTINUED)

4.    Pro Forma Adjustments

Condensed Consolidated Balance Sheet

(a) To record the assets ($444.4 million) and liabilities ($1.5 million) acquired and the transactions to finance the Acquisition and the Tender Offer, including the issuance and sale of the 2020 Senior Notes ($775.0 million) and the Stock Issuance (10 million shares of common stock at $4.00 per share). In addition, debt issuance costs of $23.3 million were assumed to be paid and capitalized in Other assets and transaction costs associated with Acquisition of $1.5 million were assumed to have been expensed as incurred on December 31, 2012 and tax-effected at 39.6%. Also included is a loss on the extinguishment of debt of $28.9 million attributable to the 2016 Senior Notes assuming the Tender Offer was completed on December 31, 2012. The after-tax effect of the Acquisition and the Tender Offer is represented as a $18.3 million reduction to Retained earnings.

Condensed Consolidated Statement of Operations

(b) To record incremental amortization expense based on the fair value attributable to the unproved properties acquired assuming a three-year remaining term for the underlying leases as well as capitalized interest ($1.6 million) attributable to the unproved properties.

(c) To record incremental depreciation, depletion and amortization expense (“DD&A”) ($25.8 million), using the units of production method as applied to the production from the Eagle Ford Properties for the year ended December 31, 2012 based on the fair value attributable to the proved properties acquired, as well as incremental accretion expense attributable to the AROs assumed ($0.1 million).

(d) To record interest expense on the 2020 Senior Notes at 8.5% ($65.9 million), a reduction of interest expense, accretion of debt discount and amortization of debt issuance costs ($33.6 million) attributable to the 2016 Senior Notes in connection with the Tender Offer and amortization of the debt issuance costs attributable to the 2020 Senior Notes ($3.3 million).

(e) To record a loss on the extinguishment of the 2016 Senior Notes assuming the Tender Offer occurred on January 1, 2012.

(f) To record the estimated income tax benefit related to the incremental items of revenue and expense using an effective income tax rate of 39.6%.

F-6

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED PRO FORMA

FINANCIAL STATEMENTS — (CONTINUED)

Supplemental Information on Oil and Gas Producing Activities

The following table sets forth unaudited pro forma information with respect to our quantities of proved reserves, including changes therein and proved developed and proved undeveloped reserves for the year ended December 31, 2012, giving effect to the Acquisition of the Eagle Ford Properties as if it had occurred on January 1, 2012. The estimates of reserves attributable to the Eagle Ford Properties may include development plans for those properties which are different from those that we will ultimately implement.

	Oil (MBbl)						NGLs (MBbl)						Natural Gas (MMcf)						MBOE
Proved Developed and Undeveloped Reserves	PVA As Reported			MHR Historical			PVA As Reported			MHR Historical			PVA As Reported			MHR Historical			PVA Pro Forma
December 31, 2011		14,079			4,566			21,491			446			669,913			1,838			152,541
Revisions of previous estimates		(439	)		5,541			(2,495	)		242			(154,372	)		910			(22,728	)
Extensions, discoveries and other additions		13,444			1,392			2,578			88			13,405			352			19,795
Production		(2,252	)		(686	)		(884	)		(44	)		(20,261	)		(167	)		(7,271	)
Purchase of reserves		39			—			1			—			6			—			41
Sales of reserves in place		(20	)		—			—			—			(101,172	)		—			(16,882	)
December 31, 2012		24,851			10,813			20,691			732			407,519			2,933			125,496
Proved Developed Reserves		10,472			3,928			8,266			283			169,449			1,133			51,379
Proved Undeveloped Reserves		14,379			6,885			12,425			449			238,070			1,800			74,116

F-7

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED PRO FORMA

FINANCIAL STATEMENTS — (CONTINUED)

Supplemental Information on Oil and Gas Producing Activities (Continued)

The following table sets forth unaudited pro forma information with respect to the standardized measure of the discounted future net cash flows attributable to our proved reserves, after giving effect to the Acquisition of the Eagle Ford Properties as if it had occurred on January 1, 2012. Future cash inflows were computed by applying the average prices of oil and gas during the 12-month period prior to the period end determined as an unweighted arithmetic average of the first-day-of-the-month price for each month within the period and estimated costs as of that fiscal year end to the estimated future production of proved reserves. Natural gas prices were escalated only where existing contracts contained fixed and determinable escalation clauses. Contractually provided natural gas prices in excess of estimated market clearing prices were used in computing the future cash inflows only if we expect to continue to receive higher prices under legally enforceable contract terms. Future prices actually received may materially differ from current prices or the prices used in the standardized measure.

Future production and development costs represent the estimated future expenditures (based on current costs) to be incurred in developing and producing the proved reserves, assuming continuation of existing economic conditions. Future income tax expenses were computed by applying statutory income tax rates to the difference between pre-tax net cash flows relating to our proved reserves and the tax basis of proved oil and gas properties. In addition, the effects of statutory depletion in excess of tax basis, available net operating loss carryforwards and alternative minimum tax credits were used in computing future income tax expense. The resulting annual net cash inflows were then discounted using a 10% annual rate.

The standardized measure of future net cash flows attributable to the Eagle Ford Properties may include development plans for those properties which are different from those that we will ultimately implement. For purposes of computing PVA’s pro forma standardized measure of discounted future net cash flows, after giving effect to the Acquisition, we have assumed that the tax rates applicable to the Eagle Ford Properties would be the same as PVA’s historical tax rates.

	Year Ended December 31, 2012
	As Reported			MHR Historical			Pro Forma			PVA Pro Forma
							Acquisition
Future cash inflows	$	4,365,357		$	1,108,293		$	—		$	5,473,650
Future production costs		(1,206,478	)		(237,252	)		—			(1,443,730	)
Future development costs		(1,118,859	)		(282,400	)		—			(1,401,259	)
Future net cash flows before income tax		2,040,020			588,641			—			2,628,661
Future income tax expense		(548,132	)		—			(158,162	)		(706,294	)
Future net cash flows		1,491,888			588,641			(158,162	)		1,922,367
10% annual discount for estimated timing of cash flows		(994,014	)		(347,904	)		90,510			(1,251,408	)
Standardized measure of discounted future net cash flows	$	497,874		$	240,737		$	(67,652	)	$	670,959
Price measurement used:
$/Bbl of Oil	$	102.24		$	98.77
$/Bbl of NG:s	$	39.48		$	43.57
$/MMBtu	$	2.47		$	2.88

F-8

PENN VIRGINIA CORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED PRO FORMA

FINANCIAL STATEMENTS — (CONTINUED)

Supplemental Information on Oil and Gas Producing Activities (Continued)

The following table sets forth unaudited pro forma information with respect to changes in the standardized measure of the discounted future net cash flows attributable to our proved reserves, giving effect to the Acquisition of the Eagle Ford Properties as if it had occurred on January 1, 2012.

	Year Ended December 31, 2012
	As Reported			MHR Historical			Pro Forma			PVA Pro Forma
							Acquisition
Sales of oil and gas, net of production costs	$	(254,388	)	$	(61,787	)	$	—		$	(316,175	)
Net changes in prices and production costs		(207,045	)		10,054			—			(196,991	)
Extensions, discoveries and other additions		355,495			43,187			—			398,682
Development costs incurred during the period		119,706			20,944			—			140,650
Revisions of previous quantity estimates		(196,152	)		166,576			—			(29,576	)
Purchases if reserves-in-place		1,156			—			—			1,156
Sale of reserves-in-place		(116,151	)		—			—			(116,151	)
Accretion of discount		87,441			9,586			—			97,027
Net change in income taxes		25,312			—			(67,652	)		(42,340	)
Other changes		28,004			(43,679	)		—			(15,675	)
Net increase (decrease)		(156,622	)		144,881		$	(67,652	)		(79,393	)
Beginning of year		654,496			95,856			—			750,352
End of year	$	497,874		$	240,737		$	(67,652	)	$	670,959

F-9