Memorial Resource Development (MRD) Misses Q3 EPS by 8c
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Memorial Resource Development Corp. Announces Third Quarter 2014 Results, Operational Update, Bolt-On Acquisitions in the Terryville Field and Initial 2015 Guidance
November 5, 2014 6:05 AM ESTHOUSTON, Nov. 5, 2014 (GLOBE NEWSWIRE) -- Memorial Resource Development Corp. (Nasdaq: MRD) announced today its operating and financial results for the three months ended September 30, 2014.
Financial highlights from the third quarter 2014 include:
Increased average daily production 72% to 234 MMcfe/d for the third quarter 2014 compared to 136 MMcfe/d for the third quarter 2013 Increased Adjusted EBITDA(1) 47% to $83.4 million for the third quarter 2014 compared to $56.8 million for the third quarter 2013 Reported Adjusted Net Income(1) of $17.9 million for the third quarter 2014 compared to $18.5 million for the third quarter 2013Other significant highlights... More
