EP Energy Corp. (EPE) Reports Q2 Loss of $0.10

EP Energy Corp. (NYSE: EPE) reported Q2 EPS of ($0.10).

Second quarter 2017 Highlights

• 48.9 thousand barrels of oil production per day (MBbls/d)—above 2Q'16 and 1Q'17
• $3 million net loss / $179 million Adjusted EBITDAX
• Reduced adjusted cash operating costs compared to 2Q'16 and 1Q'17 and lowered unit cash operating costs guidance
• Maintained 2017 oil production volume guidance while lowering expected completion activities and capital expenditures
• Executed open-market debt repurchases of $157MM in June and July at an average price of 75 percent of face value
• Maintained liquidity of $1.1 billion
• Reaffirmed Reserve-Based Loan facility (RBL Facility) borrowing base at $1.44 billion and extended covenant relief through 1Q'19
• Completed Altamont drilling joint venture

For earnings history and earnings-related data on EP Energy Corp. (EPE) click here.

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