Gastar Exploration (GST) Misses Q4 EPS by 3c

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Go back to Gastar Exploration (GST) Misses Q4 EPS by 3c

Gastar Exploration Announces Fourth Quarter, Full-Year 2016 Results and 2017 Guidance

March 9, 2017 4:32 PM EST

HOUSTON, March 9, 2017 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar" or the "Company") today reported financial and operating results for the three and twelve months ended December 31, 2016.  The Company also provided guidance for the first quarter and full-year 2017.

Fourth quarter 2016 highlights include:

Average daily production was 5,900 Boe per day, exceeding mid-point guidance by 7% Production volumes comprised of 72% liquids, in line with mid-point guidance Signed agreement to jointly develop approximately 19,100 undeveloped net acres in Kingfisher County, Oklahoma Completed four Meramec wells during the... More