Carrizo Oil & Gas (CRZO) Tops Q1 EPS by 2c; Raises Production Growth Target

Carrizo Oil & Gas (NASDAQ: CRZO) reported Q1 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $151.36 million versus the consensus estimate of $147.87 million.

• Crude oil production of 28,844 Bbls/d, 12% above the first quarter of 2016
• Total production of 46,367 Boe/d, 10% above the first quarter of 2016
• Net income of $40.0 million, or $0.61 per diluted share, and Net Cash Provided by Operating Activities of $76.4 million
• Adjusted Net Income of $12.1 million, or $0.18 per diluted share, and Adjusted EBITDA of $94.2 million
• Increasing 2017 crude oil production growth target to 26%Borrowing base recently increased to $900 million, with an elected commitment of $800 million

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

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