Memorial Production Partners (MEMP) Reports Q2 Loss of $1.78
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Memorial Production Partners LP Announces Second Quarter 2016 Results, Updated Hedges and Updated 2016 Guidance
August 3, 2016 6:00 AM EDTHOUSTON, Aug. 03, 2016 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (NASDAQ: MEMP) announced today its operating and financial results for the three months ended June 30, 2016. In addition, MEMP provided an update of its commodity hedge positions along with updated 2016 guidance.
Key Highlights
Net Cash Provided by Operating Activities of $79.0 million for the second quarter of 2016Adjusted EBITDA(1) of $84.1 million for the second quarter of 2016Reduced debt outstanding by $197 million since year-end 2015 including a $113 million reduction in borrowings under MEMPs revolving credit facility and a $84... More