Jones Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Production Guidance for the Year 2018
For the period, the company reported total operating revenues of $122,744,000 compared to $89,859,000 for the same period last year. Operating loss was $13,681,000 compared to $186,072,000 for the same period last year. Loss before income tax was $84,261,000 as compared to $139,708,000 for the same period last year. Net loss was $75,851,000 as compared to $137,493,000 for the same period last year. Net loss attributable to common shareholders was $70,807,000 compared to $87,596,000 for the same period last year. Basic and diluted loss attributable to common shareholders was $0.77 as compared to $1.37 for the same period last year. EBITDAX was $59,543,000 compared to $101,586,000 for the same period last year. Net cash provided by operations was $46,812,000 compared to $21,478,000 for the same period last year. Acquisition of other property, plant and equipment was $71,000 compared to $436,000 for the same period last year. Additions to oil and gas properties were $114,832,000 compared to $107,250,000 for the same period last year.
For the third quarter, the company provides production guidance of 1.8 MMBoe to 2.0 MMBoe, or 19,500 Boe/d to 21,700 Boe/d.