Extraction Oil & Gas (XOG) Reports Q4 Loss of $0.20, Beat on Revenues

Note: EPS may not be comparable

Extraction Oil & Gas (NASDAQ: XOG) reported Q4 EPS of ($0.20), versus ($0.01) reported last year. Revenue for the quarter came in at $214.03 million versus the consensus estimate of $198.96 million.

Fourth-Quarter and Full-Year 2017 Highlights

• Fourth quarter average net sales volumes of 66,134 barrels of oil equivalent per day (BOE/d) including 33,674 barrels per day (Bbl/d) of crude oil and full-year 2017 average net sales volumes of 51,764 BOE/d including 26,284 Bbl/d of crude oil;
• For the fourth quarter, Extraction reported a net loss of $30.6 million, or $0.20 per basic and diluted share1, compared to a net loss of $245.6 million for the same period in 2016 and net loss of $29.8 million for the third quarter of 2017. Adjusted EBITDAX, Unhedged2 was $147.3 million for the fourth quarter, up 153% year-over-year and up 17% sequentially. Adjusted EBITDAX was $134.7 million for the fourth quarter, up 148% year-over-year and up 5% sequentially;
• Full-year 2017 net loss of $44.4 million, or $0.35 per basic and diluted share, compares favorably to the Company’s full-year 2016 net loss of $456.0 million. Full-year 2017 Adjusted EBITDAX, Unhedged was $399.1 million, up 144% year-over-year while Adjusted EBITDAX was $380.5 million, up 98%; and
• Drilling and completion (D&C) capital expenditures for the full-year 2017 were $865 million.

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

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