Midstates Petroleum (MPO) Tops Q3 EPS by 300c
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Midstates Petroleum Announces Third Quarter 2015 Results
November 3, 2015 4:28 PM ESTTULSA, Okla.--(BUSINESS WIRE)-- Midstates Petroleum Company, Inc. (Midstates or the Company) (NYSE: MPO) today announced its financial and operating results for the three months ended September 30, 2015.
Third Quarter and Other Highlights:
Generated Adjusted EBITDA of $80 million, which outpaced operational capital by $25 million for the third quarter of 2015. Adjusted EBITDA outpaced operational capital by $62 million for the first nine months of 2015. Reduced adjusted cash operating expenses to $10.32 per Boe, down 8% from $11.20 per Boe in the third quarter of 2014 and down 12% from $11.75 per Boe in the second quarter of 2015.... More