Stone Energy (SGY) Posts Mixed Q3 Results

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Go back to Stone Energy (SGY) Posts Mixed Q3 Results

Stone Energy Corporation Announces Third Quarter 2016 Results

November 7, 2016 4:15 PM EST

LAFAYETTE, La., Nov. 7, 2016 Stone Energy Corporation (NYSE: SGY) today announced financial and operational results for the third quarter of 2016. Some items of note include:

Production volumes exceeded the upper end of third quarter 2016 guidance Execution of a restructuring support agreement with noteholders Execution of a purchase and sale agreement for Appalachian assets Amethyst well stimulation initiated

Financial Results

Stone reported a third quarter of 2016 net loss of $89.6 million, or $16.01 per share, on oil and gas revenue of $93.4... More