Clayton Williams Energy (CWEI) Misses Q2 EPS by 42c

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Clayton Williams Energy Provides Financial Guidance for 2016

August 3, 2016 7:55 AM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- Clayton Williams Energy, Inc. (NYSE: CWEI) today filed a Form 8-K with the Securities and Exchange Commission to provide financial guidance disclosures for the year ending December 31, 2016.

A copy of these disclosures accompanies this release or may be obtained electronically by accessing the Companys website at www.claytonwilliams.com.

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Clayton Williams Energy Announces Second Quarter 2016 Financial Results

August 3, 2016 7:50 AM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- Clayton Williams Energy, Inc. (the Company) (NYSE: CWEI) today reported its financial results for the second quarter of 2016.

Summary

Oil and Gas Production of 13.6 MBOE/d Net Loss of $73.8 million; Adjusted Net Loss1 (non-GAAP) of $34.3 million Cash Flow from Operations of $(16.6) million; EBITDAX2 (non-GAAP) of $13.4 million Liquidity of $255.7 million Recent Actions to Improve Balance Sheet... More