Sanchez Energy (SN) Reports Q2 Loss of $0.71, Revenues Beat
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Sanchez Energy Announces Second Quarter 2018 Financial Results and Operations Update
August 7, 2018 6:00 AM EDTHOUSTON, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE: SN) (Sanchez Energy or the Company) today announced financial and operating results for the second quarter 2018. Second quarter 2018 highlights include:
Production of 7.2 million barrels of oil equivalent (MMBoe), or 79,516 barrels of oil equivalent per day (Boe/d); Â Revenues of approximately $259 million, a 48 percent increase compared to the second quarter 2017; Â A net loss of $35.0 million, which includes a non-cash mark-to-market hedging loss of $43.6 million and compares to net income of $53.0 million for the second quarter 2017;Â Adjusted EBITDAX (a... More