Falcon Minerals Corporation (FLMN) Misses Q2 EPS by 1c

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Go back to Falcon Minerals Corporation (FLMN) Misses Q2 EPS by 1c

Falcon Minerals Corporation Reports Second Quarter Financial Results and Declares Quarterly Dividend

August 5, 2020 4:56 PM EDT

NEW YORK--(BUSINESS WIRE)-- Falcon Minerals Corporation (Falcon, or the Company, we, our,) (NASDAQ: FLMN, FLMNW), a leading oil and gas minerals company, today announces financial and operating results for the second quarter 2020 and declares its second quarter dividend.

Highlights

Net production of 4,450 barrels of oil equivalent per day (boe/d) for the second quarter 2020 (51% oil); production during the quarter was shut-in/curtailed by ~25% during May and June Net debt decreased to $38.8 million; 10% reduction in borrowings on Falcons revolving credit facility quarter over quarter; net debt/LTM EBITDA ratio of 1.12x(2)(3) Crude hedging... More