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Stock impact report

Lonestar Announces Fourth Quarter 2019 Results

LONESTAR RESOURCES US (LONE) 
Last lonestar resources us earnings: 11/11 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: lonestarresources.com/news-releases
Company Research Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended December 31, 2019.HIGHLIGHTSLonestar reported a 33% increase in net oil and gas production to a 17,547 BOE/d during the three months ended December 31, 2019 (“4Q19”), compared to 13,152 BOE/d for the three months ended December 31, 2018 (“4Q18”). Production was comprised of 72% crude oil and NGLs on an equivalent basis and just under the high end of the Company’s guidance of 17,200 – 17,600 BOE/d.Lonestar reported a net loss attributable to its common stockholders of $76.2 million during 4Q19 compared to a net income of $75.2 million during 4Q18. Excluding, on a tax-adjusted basis, certain items that the Company does not view as either recurring or indicative of its ongoing financial performance, Lonestar’s adjusted net loss for 4Q19 was $6.2 million. In p Show less Read more
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