Legacy Reserves L.P. (LGCY) Reports Q1 EPS of $0.01, Forms Alliance with WPX Energy (WPX)

Legacy Reserves L.P. (NASDAQ: LGCY) reported Q1 EPS of $0.01, versus $(0.12) reported last year. Revenue for the quarter came in at $125.9 million versus the consensus estimate of $122.01 million.

Legacy Reserves LP also today announced it has formed a strategic alliance with WPX Energy, Inc. (NYSE: WPX) through a pending Piceance Basin acquisition for $355 million in cash consideration plus a portion of Legacy's newly-created Incentive Distribution Units ("IDRs") (the "Pending Acquisition").

For earnings history and earnings-related data on Legacy Reserves L.P. (LGCY) click here.

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