Montage Resources Corporation Announces First Quarter 2020 Operational and Financial Results and Updates Full Year 2020 Guidance Including Additional 10% Reduction to Expected Capital Expe...
Montage Resources Corporation (MR)
Last montage resources corporation earnings: 3/5 04:04 pm
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Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)--Montage Resources Corporation (NYSE:MR) (the “Company” or “Montage Resources”) today announced its first quarter 2020 operational and financial results and updated full year 2020 guidance. In addition, the Company will be posting an updated investor presentation to its corporate website.First Quarter 2020 Highlights:Average net daily production was 610.7 MMcfe per day, 3% above the midpoint of the Company’s previously issued guidance range and above analyst consensus expectationsAverage natural gas equivalent realized price was $2.56 per Mcfe, including cash settled derivatives and excluding firm transportation expensesPer unit cash production costs (including lease operating, transportation, gathering and compression, and production and ad valorem taxes) were $1.28 per Mcfe, outperforming the midpoint of the Company’s previously issued guidance range and better than analyst consensus expectationsNet income was $2.8 million; Income from continuing o
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