Jagged Peak Energy (JAG) Reports Q1 Miss on Revenues

Jagged Peak Energy (NYSE: JAG) reported Q1 EPS of $, versus $0.10 reported last year. Revenue for the quarter came in at $25.2 million versus the consensus estimate of $115.49 million.

Q1 2018 Financial Highlights

• Revenue of $25.2 million with significantly lower cost of sales, increasing gross profit by over 300% to $ 4.9 million.
• Consolidated cash operating costs ("COC") improved 13% to $800 per ounce of gold sold compared to Q1 2017.
• Consolidated all in sustaining costs ("AISC") improved 3% to $1,289 per ounce of gold sold.
• On track to achieve consolidated COC and AISC guidance in 2018.
• Increased operating cash flow over 2.5 times to $5.0 million, including increased sustaining capital expenditures of $6.7 million, up 11% year-over-year, focused on primary development and drilling.
• Adjusted earnings before interest, tax, depreciation and amortization ("EBITDA") of $5.6 million compared to $4.2 million for Q1 2017.

For earnings history and earnings-related data on Jagged Peak Energy (JAG) click here.

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