Operational Updates
Energy XXI's Gulf of Mexico Ops Average 37,300 BOE/d
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Energy XXI has reported fiscal first-quarter results and provided an operations update on activities in the Gulf of Mexico
For the 2013 fiscal first quarter, Energy XXI reported earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) of $140.0 million, compared with $186.9 million in the 2012 fiscal first quarter. Net income attributable to common stockholders for the 2013 fiscal first quarter was $15.4 million, or $0.19 per diluted share, on revenues of $270 million, compared with fiscal 2012 first quarter net income attributable to common stockholders of $62.6 million, or $0.76 per diluted share, on revenue of $285 million.
Production for the fiscal first quarter averaged 37,300 barrels of oil equivalent per day (BOE/d), with 70 percent being oil. Current…
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