Rice Energy (RICE) Misses Q1 EPS by 4c, Raises FY Production Guidance

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Go back to Rice Energy (RICE) Misses Q1 EPS by 4c, Raises FY Production Guidance

Rice Energy Reports First Quarter 2015 Results and Increases 2015 Production Guidance

May 7, 2015 7:30 AM EDT

CANONSBURG, Pa., May 7, 2015 /PRNewswire/ -- Rice Energy Inc. (NYSE: RICE) ("Rice Energy") today reported first quarter 2015 financial and operational results. Highlights during the quarter include:

Production averaged 440 MMcfe/d, a 111% increase above pro forma(1) first quarter 2014 Adjusted EBITDAX(2) of $84.3 million for the first quarter 2015, a 30% increase over pro forma first quarter 2014 Adjusted realized natural gas price(3) of $3.20 per Mcf in the first quarter 2015 Turned to sales two operated Utica wells, each currently producing approximately 18 MMcfe/d Achieved significant growth in average midstream throughput to 668... More