RSP Permian (RSPP) Reports In-Line Q2 EPS; Updates FY16 Outlook

August 8, 2016 4:48 PM EDT
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RSP Permian (NYSE: RSPP) reported Q2 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $81.49 million versus the consensus estimate of $76.36 million.

Updated annual guidance: Expected 2016 average daily production increased by 10% at the mid-point to 26,500 - 28,500 Boe/d, primarily due to increased well productivity, and development capital expenditure budget increased to $285 - $315 million. The incremental investment will primarily impact the Company's 2017 production profile

For earnings history and earnings-related data on RSP Permian (RSPP) click here.

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