Eclipse Resources (ECR) Reports In-Line Q1 EPS
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Eclipse Resources Corporation Announces First Quarter 2016 Results and Provides Extended Reach Lateral Update
May 4, 2016 4:30 PM EDTSTATE COLLEGE, Pa.--(BUSINESS WIRE)-- Eclipse Resources Corporation (NYSE: ECR) (the Company or Eclipse Resources) today announced its first quarter 2016 financial and operational results, second quarter and full year 2016 guidance, and provided an update on its extended reach lateral well.
First Quarter 2016 Highlights:
Revenues were $49.6 million. Adjusted Revenue1, which includes the impact of cash settled derivatives, grew to $58.9 million, representing a 12% increase relative to the first quarter of 2015 Adjusted EBITDAX1 was $25.3 million, representing a 22% increase relative to the first quarter of 2015... More