Sanchez Energy Announces Third Quarter 2016 Operating and Financial Results
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Sanchez Energy (SN) Posts Q3 Loss of $1.19/Share
November 7, 2016 6:35 AM ESTSanchez Energy (NYSE: SN) reported Q3 EPS of ($1.19), which does not compare to the analyst estimate of $0.03. Revenue for the quarter came in at $114.81 million versus the consensus estimate of $133.94 million. Adjusted Revenue was $142.9 million.
Adjusted EBITDA of approximately $83.8 million during the third quarter 2016 was up approximately 5 percent when compared to the prior quarter.
As previously reported, we achieved excellent operating results in the third quarter 2016, with process improvements and efficiency gains driving our average well cost below $3.0 million per well, said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. The... More
