EP Energy Corporation reported earnings and operating results for the third quarter ended September 30, 2017. The company reported $0.29 diluted net loss per share and $0.12 adjusted earnings per share for the third quarter of 2017. Reported net loss was $72 million for the third quarter of 2017, down from $43 million net loss in the third quarter of 2016. Adjusted EBITDAX for the third quarter of 2017 was $159 million, down from $250 million in the third quarter of 2016 due primarily to $118 million less of hedge settlements in 2017 versus 2016, partially offset by higher production volumes and higher realized pricing on physical sales. Total capital expenditures in the third quarter of 2017 were $162 million. EBITDAX was $127 million compared to $165 million a year ago. Adjusted EBITDAX per unit was 21.40 MBoe compared to 34.18 MBoe a year ago. Total capital expenditures in the third quarter of 2017 were $162 million, including $27 million of acquisition capital.

Average daily oil production was 45.1 MBbls/d in the third quarter of 2017, up slightly from 45.0 MBbls/d in the third quarter of 2016. Total equivalent production was 81,000 barrels of oil equivalent per day (MBoe/d) in the third quarter, up from 79.6 MBoe/d in the same period last year.

For 2017, the company expects capital program in the range of $550 million to $600 million.

For 2017, the company expects oil production in range of 46 MBbls/d to MBbls/d, total production in range of 80 MBoe/d to 85 MBoe/d.