Alta Mesa Resources (AMR) Tops Q1 EPS by 27c, Revenues Beat

Alta Mesa Resources (NASDAQ: AMR) reported Q1 EPS of ($1.79), $0.27 better than the analyst estimate of ($2.06). Revenue for the quarter came in at $386.25 million versus the consensus estimate of $345.55 million.

"Our first quarter results demonstrate our continued commitment to cost management and focus on fundamental operations performance," said David Stetson, Alpha's chair and chief executive officer. "Despite pricing headwinds from the Australian indices that limited our total realizations for the quarter, Alpha's volumes were very strong and we remain cautiously optimistic about improved market conditions going into the second half of 2021."

For earnings history and earnings-related data on Alta Mesa Resources (AMR) click here.

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