Midstates Petroleum Announces First Quarter 2018 Results
MIDSTATES PETROLEUM CO INC (MPO)
US:NYSE Investor Relations:
midstatespetroleum.com
Company Research
Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)-- Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) today announced its first quarter 2018 operational and financial results. First Quarter 2018 Highlights and Recent Key Items Implemented market-focused strategy aimed at reducing costs, generating substantial free cash flow, improving liquidity and focusing activity to maximize optionality Announced strategic sale of the Company’s Anadarko Basin producing properties for $58.0 million, subject to standard closing and post-closing adjustments Remain open to a combination with SandRidge Energy, Inc. (“SandRidge”) in an at-market, all-stock transaction with meaningful potential cost-saving synergies from highly complementary assets Reported net income of $4.0 million, or $0.15 per share, which includes the impact of a $3
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