Emerald Oil (EOX) Misses Q4 EPS by 1c

Emerald Oil (NYSE: EOX) reported Q4 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04.

Highlights

• Increased fourth quarter production to 377,250 BOE, an average of approximately 4,101 BOEPD, an increase of 7% compared to the third quarter of 2014 and 71% compared to the fourth quarter of 2013;
• Increased annual production to 1,295,230 BOE, an average of 3,549 BOEPD, an increase of 110% compared to 2013;
• Increased total proved reserves to 26.3 MMBOE, an increase of 99% compared to 2013;
• Increased oil and natural gas sales to $101.2 million in 2014, an increase of 87% compared to 2013;
• Adjusted EBITDA of $15.0 million or $0.23 per share (basic) for the fourth quarter of 2014 and $56.8 million or $0.85 per share (basic) for 2014, and;
• Adjusted Net Income attributable to common shareholders of $2.0 million or $0.03 per share (basic) for the fourth quarter of 2014 and $16.8 million or $0.25 per share (basic) for the year 2014.

For earnings history and earnings-related data on Emerald Oil (EOX) click here.

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