Jones Energy (JONE) Tops Q2 EPS by 5c

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Go back to Jones Energy (JONE) Tops Q2 EPS by 5c

Jones Energy, Inc. Announces 2017 Second Quarter Financial and Operating Results and Lowers 2017 Capex Budget

August 3, 2017 5:00 PM EDT

AUSTIN, Texas, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE: JONE) (Jones Energy or the Company) today announced financial and operating results for the second quarter ended June 30, 2017, lowered its 2017 capital expenditure, or Capex, budget and provided updated guidance for 2017, including initial third quarter 2017 guidance.   

Highlights

Reducing 2017 Capex budget to $250 million from $275 million, raising midpoint of 2017 production guidance net of Arkoma Basin divestiture.Average daily net production for second quarter 2017 of 23.8 Mboe/d, 12% above the midpoint of guidance.Dropped one core Cleveland... More