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RSP Permian Boosts Outlook as Permian Wells Outperform
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RSP Permian, Inc. reported financial and operating results for the quarter ended June 30, 2015, increased its 2015 outlook, and announced bolt-on acquisitions in the core of the Midland Basin.
Second Quarter 2015 Highlights Production increased by 86% to 19.9 MBoe/d as compared to 2Q14, and increased 25% as compared to 1Q15 Exit production rate was approximately 24.0 MBoe/d, a 21% increase over 2Q15 average, and a 36% increase over 1Q15 exit rate Adjusted EBITDAX increased by 37% to $72.6 million as compared to 2Q14, and increased by 21% as compared to 1Q15 Net loss of $5.5 million, or $0.07 per diluted share. Includes a $31.6 million non-cash loss on derivatives. Adjusted net income, which does not include that item, was $13.0 million, or $0.16 per diluted share Cash operating expenses…- ✓ Full news archive — U.S., Canada & international coverage
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