Sanchez Production Partners (SPP) Reports Q2 Loss of $4.37/Share
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Sanchez Production Partners Reports Second Quarter 2016 Results
August 12, 2016 6:45 AM EDTHOUSTON, Aug. 12, 2016 (GLOBE NEWSWIRE) -- Sanchez Production Partners LP (NYSE MKT: SPP) (SPP or the Partnership) today reported second quarter 2016 results. Highlights from the report include:
A cash distribution to common unitholders of $0.4183 per common unit ($1.6732 per unit annualized) related to second quarter 2016 activity, which represents the third consecutive increase of 1.5% over the Partnerships initial distribution in the third quarter 2015 for a 6.1% annualized rate of increase;Net Loss of $2.0 million during the second quarter 2016 and Adjusted EBITDA of $14.6 million during the second quarter 2016;Distribution... More