Rice Energy (RICE) Misses Q1 EPS by 6c
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Rice Midstream Partners Reports First Quarter 2016 Financial and Operating Results
May 4, 2016 4:16 PM EDTCANONSBURG, Pa., May 4, 2016 /PRNewswire/ -- Rice Midstream Partners LP (NYSE: RMP) ("RMP" or the "Partnership") today reported first quarter 2016 financial and operating results. Highlights to date include:
First quarter average throughput of 835 MDth/d, a 50% increase over the prior year quarter and a 19% increase relative to fourth quarter 2015 Increased Adjusted EBITDA(1) by 239% over the prior year quarter to $42.2 million and by 122% as compared to fourth quarter 2015 Distributable cash flow ("DCF")(1) of $38.4 million for the first quarter, resulting in DCF coverage ratio of 2.58x... MoreRice Energy Reports First Quarter 2016 Financial and Operating Results
May 4, 2016 4:15 PM EDTCANONSBURG, Pa., May 4, 2016 /PRNewswire/ -- Rice Energy Inc. (NYSE: RICE) ("Rice Energy") today reported first quarter 2016 financial and operating results. Highlights to date include:
First quarter net production averaged 675 MMcfe/d, a 53% increase over the prior year quarter and an 8% increase relative to fourth quarter 2015 Increased Adjusted EBITDAX(1) by 30% over the prior year quarter to $109 million Continued efficiency gains and service cost reductions lead to lower well costs of $925 per lateral foot in the Marcellus and $1,380 per lateral foot in the Utica... More