RSP Permian, Inc. Announces First Quarter 2017 Financial and Operating Results
RSP PERMIAN INC (RSPP)
Last rsp permian inc earnings: 5/2 04:15 pm
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US:NYSE Investor Relations:
investorroom.rsppermian.com
Company Research
Source: PR Newswire
DALLAS, May 2, 2017 /PRNewswire/ -- RSP Permian, Inc. ("RSP" or the "Company") (NYSE: RSPP) today reported financial and operating results for the quarter ended March 31, 2017. In addition, the Company filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission (the "SEC") and posted a presentation that supplements the information in this release to its website at www.rsppermian.com.First Quarter 2017 HighlightsProduction increased 84% to 45.2 MBoe/d (75% oil, 88% liquids), compared to 1Q16 and increased 26% compared to 4Q16 Net income of $38.9 million, or $0.26 per diluted share. Adjusted net income, which does not include certain items, was $24.2 million, or $0.16 per diluted share Adjusted EBITDAX increased to $124.5 million, a 249% increase compared to 1Q16 and a 37% increase compared to 4Q16 Development capital expenditures (drilling, completion, infrastructure and other) of $115.6 million Cash operating expenses of $10.49 per Boe, including lease operati
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