Exploration & Production | Operational Updates
LINN Energy Announces Third Quarter 2011 Results
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LINN Energy, LLC announced today financial and operating results for the three months and nine months ended Sept. 30, 2011, and its outlook for the remainder of 2011.
The Company reports the following significant third quarter results:
Average daily production of 379 MMcfe/d, an increase of more than 30 percent over third quarter 2010; Adjusted EBITDA of $243 million, an increase of more than 30 percent over third quarter 2010; Distribution coverage ratio of 1.10x; and Adjusted net income per unit of $0.44.The Company also reports the following significant highlights:
Repurchased a total of approximately 530,000 units year-to-date under the Company's unit repurchase program for an average price of $32.76 per unit; Strengthened 2012 and 2013 commodity hedge portfolio by increasing oil…Finish this article — free account or subscription
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