EXCO Resources, Inc. Announces Unaudited Consolidated Operating and Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Production Guidance for the Third Quarter of 2017
For the quarter, total daily production of 229 Mmcfe/d against 296 Mmcfe/d a year ago. Total production was 20.9 Bcfe against 27.0 Bcfe a year ago.
For the six months, total revenues of $147,544,000 against $114,881,000 a year ago. Operating income was $28,803,000 against loss of $237,695,000 a year ago. Profit before income taxes was $130,998,000 against loss of $240,748,000 a year ago. Net profit was $128,943,000 against loss of $241,495,000 a year ago. Diluted and earnings were $6.65 per share against loss of $13.00 a year ago. EBITDA was $196,560,000 against LBITDA of $155,474,000 a year ago. Adjusted EBITDA was $36,740,000 against $44,136,000 a year ago. Net cash provided by operating activities was $33,601,000 against $45,925,000 a year ago. Adjusted operating cash flow, non-GAAP measure was $21,620,000 against $12,801,000 a year ago. Negative free cash flow, non-GAAP measure was $10,883,000 against $9,038,000 a year ago. Additions to oil and natural gas properties, gathering assets and equipment were $44,484,000 against $54,963,000 a year ago. Adjusted net loss was $9,839,000 against $33,049,000 a year ago. Capital expenditures were $58 million against $56 million a year ago.
For the six months, total daily production of 235 Mmcfe/d against 296 Mmcfe/d a year ago. Total production was 42.6 Bcfe against 53.8 Bcfe a year ago.
For the third quarter the company expects total daily production of 220 Mmcfe/d to 230 Mmcfe/d, total production of 20.2 Bcfe to 21.2 Bcfe.