Atlas Energy Group, LLC Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Fiscal 2015 and 2016
For the six months, the company reported total revenues of $344,046,000 compared to $303,751,000 a year ago. Operating income was $61,788,000 compared to operating loss of $8,204,000 a year ago. Net loss attributable to unitholders'/owner's interests was $25,622,000 compared to $13,155,000 a year ago. Diluted LPS attributable to unitholders was $0.58. Adjusted EBITDA was $15,071,000 compared to $32,103,000 a year ago. Total net debt as at June 30, 2015 was $1,528,906,000.
For the quarter, the company reported natural gas production of 220,325 Mcfd compared to 239,314 Mcfd a year ago. Oil production was 5,613 Bpd compared to 2,284 Bpd a year ago. Natural gas liquids production was 3,256 Bpd compared to 3,808 Bpd a year ago. Total production was 273,534 Mcfed compared to 275,861 Mcfed a year ago.
For the six months, the company reported natural gas production of 224,175 Mcfd compared to 233,783 Mcfd a year ago. Oil production was 5,817 Bpd compared to 1,953 Bpd a year ago. Natural gas liquids production was 3,421 Bpd compared to 3,631 Bpd a year ago. Total production was 279,599 Mcfed compared to 267,288 Mcfed a year ago.
The company announced CapEx for 2015 is now expected to be approximately $140 million against guidance of approximately $175 million.
The company also announced a flat CapEx expectation in 2016.