Gastar Exploration (GST) Misses Q1 EPS by 9c
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Gastar Exploration Announces First Quarter 2017 Results
May 10, 2017 4:20 PM EDTHOUSTON, May 10, 2017 /PRNewswire/ --Â Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar" or the "Company") today reported financial and operating results for the three months ended March 31, 2017.Â
First quarter 2017 highlights include:
Average daily production 5,700 Boe per day, exceeding high-end of guidance by 6% Production volumes comprised of 72% liquids, in line with mid-point guidance Replaced revolving credit facility and redeemed senior secured notes due 2018 with proceeds from new debt and equity financing from Ares Management LLC ("Ares") with maturity of March 2022 Completed the acquisition of additional... More