Extraction Oil & Gas (XOG) Tops Q3 EPS by 42c, Revenues Miss

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Go back to Extraction Oil & Gas (XOG) Tops Q3 EPS by 42c, Revenues Miss

Extraction Oil & Gas, Inc. Announces Third-Quarter 2019 Results; Provides Revised 2019 Guidance and Preliminary 2020 Guidance

November 7, 2019 4:02 PM EST

DENVER, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction or the Company) today reported financial and operational results for the third quarter of 2019, provided revised 2019 guidance and provided preliminary 2020 guidance.

Third-Quarter 2019 Highlights

Average net sales volumes of 80,327 barrels of oil equivalent per day (Boe/d), including 39,098 barrels per day (Bbl/d) of crude oil Net income of $48 million, or $0.28 per basic and diluted share, driven by a gain on commodity derivatives of $88 million. This compared to net income of $65 million, or $0.33 per... More