Roan Resources, Inc. Reports Second Quarter 2019 Results
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Roan Resources (ROAN) Reports In-Line Q2 EPS, Revenues Beat
August 7, 2019 4:59 PM EDTRoan Resources (OTC: ROAN) reported Q2 EPS of $0.11, in-line with the analyst estimate of $0.11. Revenue for the quarter came in at $134.17 million versus the consensus estimate of $111.62 million.
Second Quarter 2019 Highlights
Production of approximately 50.8 thousand barrels of oil equivalent per day (MBoe/d) (26% oil, 29% natural gas liquids (NGLs), 45% gas); the Company elected to be in ethane rejection for the months of May and June which is estimated to have negatively impacted production in those months by approximately 3.3 MBoe/d;Net income was $27.2 million, or $0.18 per diluted share; Adjusted EBITDAX(1) (non-GAAP) was $79.3... More