Jones Energy (JONE) Tops Q1 EPS by 1c

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Go back to Jones Energy (JONE) Tops Q1 EPS by 1c

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 EDT

AUSTIN, 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