Lonestar Resources US (LONE) Misses Q3 EPS by 130c

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Go back to Lonestar Resources US (LONE) Misses Q3 EPS by 130c

Lonestar Resources US, Inc. Announces Third Quarter 2016 Results

November 10, 2016 5:33 PM EST

FORT WORTH, Texas, Nov. 10, 2016 /PRNewswire/ -- Lonestar Resources U.S., Inc. (NASDAQ: LONE) (including its subsidiaries, "Lonestar," "we," "us," "our" or the "Company") reported today its financial and operating results for the three months ended September 30, 2016 ("3Q16").

THIRD QUARTER HIGHLIGHTS

During the quarter, the Company was primarily focused on balance sheet improvements, and therefore completed no new Eagle Ford Shale wells during the third quarter of 2016.  Consequently, the Company experienced a 10% decrease in net oil and gas production to 5,921 Boe/d during 3Q16, compared to 6,614... More