Bonanza Creek Energy (BCEI) Misses Q3 EPS by 7c

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Go back to Bonanza Creek Energy (BCEI) Misses Q3 EPS by 7c

Bonanza Creek Energy Announces Third Quarter 2016 Financial and Operating Results

November 9, 2016 9:00 AM EST

Third quarter production volumes averaged 21.0 MBoe per day, exceeding the midpoint of guidance by 5%Improving operational efficiency resulted in the fifth consecutive quarter of reductions in Rockies LOE and midstream expense; Rockies upstream LOE of $4.09/BoeGAAP cash provided by operating activities of $17.5 million; adjusted EBITDAX(1) of $25.1 million; GAAP net loss of $0.71 per diluted share; adjusted net loss(1) of $0.35 per diluted shareUpdated 2016 guidance reflects increased production and reduced LOE and midstream expense 

(1) Non-GAAP measure, see attached Reconciliation Schedules.

DENVER, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE: BCEI)... More