Sanchez Production Partners (SPP) Reports Q3 EPS of $1.21
Get Alerts SPP Hot Sheet
Join SI Premium – FREE
Sanchez Production Partners (NYSE: SPP) reported Q3 EPS of $1.21, versus $0.55 reported last year. Revenue for the quarter came in at $19.9 million, versus $25.63 million reported last year.
Adjusted EBITDA (a non-GAAP financial measure) for the third quarter 2016 was approximately $14.9 million, which compares to Adjusted EBITDA for the second quarter 2016 of approximately $14.6 million, representing a 1.5 percent increase quarter-on-quarter. The Partnership’s calculation of Adjusted EBITDA (a non-GAAP financial measure) is discussed in further detail below.
As of Sept. 30, 2016, the Partnership had $146.0 million in debt outstanding under its credit facility, which had a borrowing base of $198.7 million, and $0.6 million in cash and cash equivalents for total liquidity of $53.3 million. The reserve-based lending and midstream components of the Partnership’s borrowing base under the credit facility are scheduled for redetermination by the lenders during the fourth quarter 2016.
For earnings history and earnings-related data on Sanchez Production Partners (SPP) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
- Kiniksa Pharmaceuticals, Ltd. (KNSA) Misses Q1 EPS by 11c; raises guidance
- Preferred Bank (PFBC) Tops Q1 EPS by 6c
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!