EP Energy Corporation reported consolidated earnings and production results for the fourth quarter and year ended December 31, 2017. For the quarter, net loss was $72 million against $140 million a year ago. EBITDAX was $128 million against $63 million a year ago. Adjusted EBITDAX was $181 million against $255 million a year ago. Loss per share was $0.29. Adjusted loss per share was $0.07. Capital expenditures were $145 million, up from $116 million in the same period 2016, due to increased drilling activity in the Eagle Ford in 2017.

For the year, net loss was $194 million against $27 million a year ago. EBITDAX was $619 million against $753 million a year ago. Adjusted EBITDAX was $691 million against $1,039 million a year ago. Loss per share was $0.79. Adjusted loss per share was $0.39. Capital expenditures were $587 million, up from $488 million in the same period 2016.

Fourth quarter 2017 average daily production was 80.6 MBoe/d, including 43.6 MBbls/d of oil. The decrease in the third and fourth quarter production is due to the timing of Eagle Ford activity that was focused early in 2017.

For the year ended December 31, 2017, average daily production was 82.3 MBoe/d, including 46.1 MBbls/d of oil.

For the first quarter of 2018, the company expects total production of 77 – 79 MBoe/d.

For the year 2018, the company expects total production of 81 – 87 MBoe/d. The company expects $135 million non-drill capital including; $55 million for general equipment, $30 million for capitalized G&A and interest.