Legacy Reserves (LGCY) Posts Q1 GAAP Loss of $3.39/Share

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Go back to Legacy Reserves (LGCY) Posts Q1 GAAP Loss of $3.39/Share

Legacy Reserves LP Announces First Quarter 2015 Results and Updated Financial Guidance

May 6, 2015 4:18 PM EDT

MIDLAND, Texas, May 6, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq: LGCY) today announced first quarter results for 2015. Financial results contained herein are preliminary and subject to the final, unaudited financial statements included in Legacy's Form 10-Q to be filed on or about May 8, 2015.

Q1 highlights include:

Record production of 33,778 Boe/d, up 3% from Q4 2014 and 73% from Q1 2014   Adjusted EBITDA of $62.0 million   Distributable Cash Flow of $26.8 million, covering our quarterly distribution by 1.11 times

Paul T. Horne, President and Chief Executive Officer of Legacy commented, "The... More

Legacy Reserves LP Announces First Quarter 2015 Results and Updated Financial Guidance

May 6, 2015 4:18 PM EDT

MIDLAND, Texas, May 6, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq: LGCY) today announced first quarter results for 2015. Financial results contained herein are preliminary and subject to the final, unaudited financial statements included in Legacy's Form 10-Q to be filed on or about May 8, 2015.

Q1 highlights include:

Record production of 33,778 Boe/d, up 3% from Q4 2014 and 73% from Q1 2014   Adjusted EBITDA of $62.0 million   Distributable Cash Flow of $26.8 million, covering our quarterly distribution by 1.11 times

Paul T. Horne, President and Chief Executive Officer of Legacy commented, "The... More