Seventy Seven Energy (SSE) Swings to Q2 Loss

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Seventy Seven Energy Inc. Announces Second Quarter 2015 Operational and Financial Results

July 29, 2015 7:01 AM EDT

OKLAHOMA CITY--(BUSINESS WIRE)-- Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the second quarter of 2015. Key information related to SSE for the second quarter is as follows:

Consolidated Adjusted EBITDA of $44.3 million and Hydraulic Fracturing Adjusted EBITDA of $18.2 million Positive free cash flow for the quarter of $82.0 million Exercised $100 million accordion feature under its Term Loan Repurchased and cancelled $40.0 million in aggregate principal amount of its 6.5% Senior Notes due... More