Extraction Oil & Gas, Inc. Announces Fourth-Quarter and Full-Year 2018 Results
Extraction Oil & Gas, Inc. (XOG)
Last extraction oil & gas, inc. earnings: 3/5 04:03 pm
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US:NASDAQ Investor Relations:
extractionog.com
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Source: GlobeNewswire
DENVER, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today reported financial and operational results for the fourth-quarter and full-year ended December 31, 2018. Fourth-Quarter and Full-Year 2018 Highlights Fourth quarter average net sales volumes of 85,780 barrels of oil equivalent per day (BOE/d), including 46,584 barrels per day (Bbl/d) of crude oil and full-year 2018 average net sales volumes of 76,019 BOE/d, including 40,217 Bbl/d of crude oil;For the fourth quarter, Extraction reported net income of $99.9 million, or $0.52 per basic share and $0.51 per diluted share, compared to net loss of $30.6 million, or $(0.20) per basic and diluted share1, for the same period in 2017. Adjusted EBITDAX, Unhedged2 was $221.8 million for the fourth quarter, up 51% year-over-year and up 4% sequentially. Adjusted EBITDAX was $196.2 million for the fourth quarter, up 46% year-over-year and up 16% sequentially;Full-year 2018
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