Yuma Energy, Inc. Reports Unaudited Financial and Production Results for the Second Quarter and Six Months Ended June 30, 2018; Reports Impairment of Long Lived Assets for the Second Quarter Ended June 30, 2018
For the six months, the company reported sales of natural gas and crude oil of $11,468,113 against $13,699,128 a year ago. Loss from operations was $2,900,897 against $2,798,643 a year ago. Income before income taxes was $7,203,306 against income of $2,444,679 a year ago. Net loss was $7,203,306 against income of $2,438,729 a year ago. Net loss attributable to common stockholders was $7,941,739 or $0.35 per basic and diluted share against income of $1,749,819 or $0.14 per basic and diluted share a year ago. Net cash provided by operating activities was $3,063,719 against $2,889,407 a year ago. Capital expenditures for oil and gas properties were $6,928,684 against $4,526,587 a year ago.
For the quarter, the company reported production of crude oil and condensate of 47,322 Bbls against 66,242 Bbls a year ago. Natural gas was 538,241 Mcf against 786,111 Mcf a year ago. Natural gas liquids were 28,974 Bbls against 35,092 Bbls a year ago. Total was 166,003 Boe against 232,353 Boe a year ago.
For the six months, the company reported production of crude oil and condensate of 94,479 Bbls against 142,640 Bbls a year ago. Natural gas was 1,171,681 Mcf against 1,685,538 Mcf a year ago. Natural gas liquids were 54,217 Bbls against 68,566 Bbls a year ago. Total was 343,976 Boe against 492,129 Boe a year ago.
For the quarter, the company reported impairment of long lived assets of $176,968.