Extraction Oil & Gas, Inc. Announces First-Quarter 2019 Results
Extraction Oil & Gas, Inc. (XOG)
Last extraction oil & gas, inc. earnings: 3/5 04:03 pm
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extractionog.com
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Source: GlobeNewswire
DENVER, May 02, 2019 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today reported financial and operational results for the first quarter of 2019. First-Quarter 2019 Highlights First quarter average net sales volumes of 80,401 barrels of oil equivalent per day (BOE/d), including 39,809 barrels per day (Bbl/d) of crude oil; For the first quarter, Extraction reported net loss of $94.0 million, or $0.60 per basic and diluted share, driven primarily by a non-cash change in derivatives of $102.3 million. This compared to a net loss of $52.0 million, or $0.32 per basic and diluted share1, for the same period in 2018. Adjusted EBITDAX, Unhedged2 was $158.1 million for the first quarter. Adjusted EBITDAX was $138.2 million for the first quarter; Drilling and completion (D&C) capital expenditures for the first quarter 2019 were $139.5 million; Elevation Midstream is on track and on budget with 75% of pipelines laid within its Southwest Wattenb
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