Bonanza Creek Energy (BCEI) Misses Q4 EPS by 31c
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Bonanza Creek Energy Announces Fourth Quarter and Full Year 2016 Financial and Operating Results
March 15, 2017 5:40 PM EDTFourth quarter sales volumes averaged 18.2 MBoe per day, compared to guidance midpoint of 18.0 MBoe per dayGAAP cash used in operating activities of $16.0 million; adjusted EBITDAX(1) of $14.5 million; GAAP net loss of $1.37 per diluted share; adjusted net loss(1) of $0.57 per diluted shareYear-end 2016 proved reserves of 90.7 MMBoe, 55% oil, and 56% proved developed(1) Non-GAAP measure, see attached Reconciliation Schedules.
DENVER, March 15, 2017 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE: BCEI) (the "Company") today announces its fourth quarter and full year 2016 financial and operating results.
Fourth Quarter 2016 Results
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