Falcon Minerals Corporation (FLMN) Tops Q1 EPS by 1c

Falcon Minerals Corporation (NASDAQ: FLMN) reported Q1 EPS of $0.12, $0.01 better than the analyst estimate of $0.11.

• Net production for the first quarter 2019 was approximately 5,782 barrels of oil equivalents per day (boe/d), an increase of 15% over the first quarter 2018 (1)
• First quarter 2019 Net Income was $11.3 (2) million, or $0.12 per Class A share
• Adjusted EBITDA was $16.9 million for the first quarter 2019, an increase of 10%compared to the first quarter 2018 (3)
• First quarter 2019 dividend declared of $0.175 per share, to be paid on May 29th to all shareholders of record on May 17th
• Net debt-to-annualized EBITDA ratio was 0.38x for the first quarter 2019
• Currently 10 rigs are operating on Falcon’s Eagle Ford position, an increase from 5 active rigs earlier this year
• New permit just filed on Hooks Ranch, on which the Company has a 22.5% net revenueinterest
• Falcon will host its first quarter 2019 conference call at 9:00 AM ET on Tuesday, May 7, 2019

For earnings history and earnings-related data on Falcon Minerals Corporation (FLMN) click here.

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