Alta Mesa Resources (AMR) Misses Q2 EPS by 83c

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Alpha Reports Second Quarter 2022 Financial Results

August 8, 2022 7:30 AM EDT

CEO Stetson Announces Planned Transition to Executive Board Chairman at Year End; President and CFO Eidson to Assume CEO Role

Provides details on succession roadmap for Stetson's end of year planned retirementReports second quarter net income from continuing operations of $575.4 millionPosts record Adjusted EBITDA of $694.5 million for the second quarter 2022Eliminates remaining term-loan balance in June, effectively freeing the company of long-term debtReports $268 million in buybacks through share repurchase programIncreases quarterly dividend amount to 39.2 cents per shareAdjusts full-year... More