Carrizo Oil & Gas (CRZO) Tops Q1 EPS by 2c

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Carrizo Oil & Gas, Inc. Announces First Quarter Results and Increases 2016 Production Guidance

May 4, 2016 6:30 AM EDT

HOUSTON, May 04, 2016 (GLOBE NEWSWIRE) -- Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced the Companys financial results for the first quarter of 2016 and provided an operational update, which includes the following highlights:

          Record Oil Production of 25,806 Bbls/d, 21% above the first quarter of 2015

          Record Total Production of 42,025 Boe/d, 21% above the first quarter of 2015

        Loss From Continuing Operations of $311.4 million, or ($5.34) per diluted share, and Adjusted Net Income (as defined below) of $9.2 million, or $0.16 per diluted share

          Adjusted EBITDA (as defined below) of $92.5 million

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