Lonestar Announces First Quarter 2019 Financial Results And Provides Operational Update
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Lonestar Resources US, Inc. (LONE) Misses Q1 EPS by 10c, Revenues Beat
May 13, 2019 6:03 AM EDTLonestar Resources US, Inc. (NASDAQ: LONE) reported Q1 EPS of ($0.14), $0.10 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $40.74 million versus the consensus estimate of $30.68 million.
Lonestar reported a 46% increase in net oil and gas production to 11,372 BOE/d during the three months ended March 31, 2019 ("1Q19"), compared to 7,777 BOE/d for the three months ended March 31, 2018 ("1Q18"). The production volumes were within Company guidance of 11,200 - 12,000 BOE/d and were comprised of 79% crude oil and NGL's on an equivalent basis. With the addition of six new wells,... More