Brigham Minerals, Inc. Reports Record Second Quarter 2021 Operating and Financial Results and Provides Updated Full Year 2021 Guidance
Brigham Minerals, Inc. Class A (MNRL)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”), a leading mineral and royalty interest acquisition company, today announced record operating and financial results for the quarter ended June 30, 2021.SECOND QUARTER 2021 OPERATIONAL AND FINANCIAL HIGHLIGHTS AND RECENT DEVELOPMENTSDaily production volumes of 8,988 Boe/d (70% liquids, 52% oil)Production up 1% sequentially from Q1 2021 driven by a 7% increase in Permian volumesRecord royalty revenues of $37.0 millionUp 15% sequentially from Q1 2021 driven by 13% higher realized prices and 1% higher volumesContinued record low general and administrative costs (before share based compensation) of $3.1 million Generated through continued cost reduction efforts initiated in Q2 2020See cost guidance reduction in Operational and Financial Guidance Update table belowNet income totaling $15.3 millionRecord Adjusted EBITDA(1) totaling $30.8 million up 14% sequentially from Q
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