Extraction Oil & Gas reports Q2 EPS 3c, consensus 7c
Reports Q2 revenue $260.2M, consensus $236.31M. Second quarter average net sales volumes of 73,563 barrels of oil equivalent per day (BOE/d) including 38,804 barrels per day of crude oil; For the second quarter, Extraction reported net income of $8.8 million, or $0.03 per basic and diluted share1, compared to net income of $7.2 million, or $0.02 per basic and diluted share1, for the same period in 2017. Adjusted EBITDAX, Unhedged2 was $189.5 million for the second quarter, up 154% year-over-year and up 14% sequentially. Adjusted EBITDAX was $153.1 million for the second quarter, up 105% year-over-year and up 9% sequentially; and Drilling and completion (D&C) capital expenditures for the second quarter 2018 were $247 million.