Mid-Con Energy Partners (MCEP) Misses Q1 EPS by 21c
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Mid-Con Energy Partners, LP Announces First Quarter 2016 Operating and Financial Results
May 2, 2016 4:07 PM EDTDALLAS, May 02, 2016 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP (NASDAQ: MCEP) (Mid-Con Energy or the Partnership) announces operating and financial results for the first quarter ended March 31, 2016. "The Partnership delivered another positive quarter, commented Jeff Olmstead, President and CEO. "Amid continued commodity market volatility, our performance during the first quarter 2016 met or exceeded guidance on every measure. Most notably, we began 2016 by paying down $11 million in debt, organically funding $1.7 million in capital spending and reducing per Boe lease operating expenses by 18% sequentially and 28% year-over-year. I applaud the hard work and diligence of the entire... More
