Lonestar Announces Second Quarter 2019 Financial Results And Increases 2019 Guidance
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Lonestar Resources US, Inc. (LONE) Tops Q2 EPS by 30c
August 5, 2019 5:00 PM EDTLonestar Resources US, Inc. (NASDAQ: LONE) reported Q2 EPS of $0.28, $0.30 better than the analyst estimate of ($0.02).
Production Increases 22%- Lonestar reported a 22% increase in net oil and gas production to 13,630 BOE/d during the three months ended June 30, 2019 (2Q19), compared to 11,140 BOE/d for the three months ended June 30, 2018 (2Q18). Reported production volumes exceeded the Companys guidance of 12,400 - 12,800 BOE/d and also exceeded our preliminary estimated result of 13,500 Boe/d announced on July 8, 2019. Production was comprised of 78% crude oil and NGLs on an equivalent basis. As Lonestar brings new wells onstream at... More