Legacy Reserves (LGCY) Posts Q4 Loss of $4.94/Share; Appoints New COO
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Legacy Reserves (NASDAQ: LGCY) reported Q4 EPS of ($4.94), $5.06 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $119.6 million versus the consensus estimate of $140.44 million.
Legacy is also pleased to announce the appointment of Kyle M. Hammond as Executive Vice President and Chief Operating Officer of Legacy Reserves GP, LLC effective March 1, 2015. Prior to joining Legacy, Mr. Hammond founded and served as President and Chief Executive Officer of FireWheel Energy LLC ("FireWheel") since August 2011. Prior to forming FireWheel, Mr. Hammond served as VP of Operations for the Permian Division of XTO Energy/Exxon from 2003 to August 2011. While there, Mr. Hammond managed the growth of the Permian assets as well as their Alaskan operations. Mr. Hammond earned a BS in Petroleum Engineering from Texas A&M University. Mr. Hammond currently serves on the board of directors of Abilene Christian University and Midland Christian School.
For earnings history and earnings-related data on Legacy Reserves (LGCY) click here.
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