Jones Energy (JONE) Tops Q1 EPS by 1c
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Jones Energy, Inc. Announces 2016 First Quarter Financial and Operating Results, Resumes Cleveland Drilling Program, and Provides Updated 2016 Guidance
May 4, 2016 4:16 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- Jones Energy, Inc. (NYSE: JONE) (Jones Energy or the Company) today announced financial and operating results for the quarter ended March 31, 2016 as well as a resumption of its Cleveland drilling program, and provided updated 2016 production and capital expenditure guidance.
Highlights
Average daily net production for the first quarter 2016 of 20.4 MBoe/d, with oil production of 5.3 MBbl/d, both above the top end of guidance EBITDAX for the first quarter 2016 of $51.1 million and net income of $48.5 million Adjusted net loss for... More