Rice Energy (RICE) Reports Q2 Loss of $1.07/Share
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Rice Energy Reports Second Quarter 2016 Financial and Operating Results and Provides 2016 Capital Budget and Guidance Update
August 3, 2016 4:06 PM EDTCANONSBURG, Pa., Aug. 3, 2016 /PRNewswire/ --Â Rice Energy Inc. (NYSE: RICE) ("Rice Energy") today reported second quarter 2016 financial and operating results. Highlights to date include:
Second quarter net production averaged 758 MMcfe/d, a 43% increase over the prior year quarter and a 12% increase relative to first quarter 2016 Second quarter net loss of $139 million, a 118% decrease relative to the prior year quarter Adjusted EBITDAX(1) of $131 million, a 34% increase over the prior year quarter Lease operating expense of $0.13 per Mcfe, 43% lower than the prior year... More