Carrizo Oil & Gas (CRZO) Tops Q4 EPS by 13c

Carrizo Oil & Gas (NASDAQ: CRZO) reported Q4 EPS of $0.44, $0.13 better than the analyst estimate of $0.31.

• Crude oil production of 28,727 Bbls/d, 15% above the fourth quarter of 2015
• Total production of 44,775 Boe/d, 11% above the fourth quarter of 2015
• Loss From Continuing Operations of $0.8 million, or $0.01 per diluted share, and Net Cash Provided by Operating Activities From Continuing Operations of $74.9 million
• Adjusted Net Income of $28.4 million, or $0.44 per diluted share, and Adjusted EBITDA of $118.1 million
• 291% reserve replacement from all sources at a finding, development, and acquisition (FD&A) cost of $13.65 per Boe
• 2017 drilling and completion capital expenditure guidance of $530-$550 million
• 2017 crude oil production growth target of 23%
• Three-year compound annual crude oil production growth target of more than 20%
• Increasing Eagle Ford Shale inventory by more than 10% based on additional successful downspacing pilots

For earnings history and earnings-related data on Carrizo Oil & Gas (CRZO) click here.

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