Operational Updates | Quarterly / Earnings Reports
Synergy's Niobrara Ops Fuels Growth
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Synergy Resources Corporation has reported its fiscal second quarter results for the period ended February 28, 2013.
Second Quarter 2013 Financial Highlights vs. Same Year-Ago Quarter Revenues increased 76% to $10.9 million Operating income increased 56% to $4.5 million Adjusted EBITDA (a non-GAAP metric) totaled $7.9 million, representing a 72% return on revenue At February 28, 2013, cash and equivalents totaled $18.3 million, current debt was $41.5 million with a remaining borrowing base of $5.5 million Second Quarter 2013 Operational Highlights Net oil and natural gas production increased to 186,039 barrels of oil equivalent (BOE), averaging 2,067 BOE per day versus 1,091, as compared to the same year-ago quarter, an average daily increase of 90% As operator, completed 22 vertical…- ✓ Full news archive — U.S., Canada & international coverage
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