Energy XXI Gulf Coast Announces Fourth Quarter and Full Year 2017 Financial and Operational Results
ENERGY XXI GULF COAST (EXXI)
Last energy xxi gulf coast earnings: 11/14 06:00 am
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US:NASDAQ Investor Relations:
ir.energyxxi.com
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Source: GlobeNewswire
HOUSTON, March 16, 2018 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. ("EGC" or the "Company") (NASDAQ:EXXI) today reported financial and operational results for the fourth quarter and full year 2017, as well as a change to its Nasdaq ticker symbol. Highlights and Recent Key Items: Produced an average of approximately 27,600 barrels of oil equivalent ("BOE") per day (77% oil) during the fourth quarter, within the Company's guidance range Benefited from strong oil price realizations during the fourth quarter of $59.27 per barrel (before the impact of derivatives), approximately 7% higher than the WTI average price of $55.40 per barrel for the quarter Incurred a net loss of $215.1 million which included a non-cash ceiling test impairment charge of $145.1 million and a loss on financial derivatives of $33.3 million Reported cash and cash equivalents of $152 million at December 31, 2017Announced expected total 2018 capital expenditures to be in the range of $145 to $175 million, wit
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