Exploration & Production | Top Story | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Deals - Acquisition, Mergers, Divestitures
Vanguard Bolsters Piceance, East Texas Holdings in 3Q
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Vanguard Natural Resources, LLC has reported financial and operational results for the quarter ended September 30, 2014.
Mr. Scott W. Smith, President and CEO, commented, "During the quarter we were very active in the acquisition market with the closing of both the Hunt and Barrett transactions. These natural gas weighted acquisitions are projected to increase our overall production by more than 25% and should have a meaningful impact on our cash flows in the 4th quarter and beyond."
3Q Highlights: Adjusted EBITDA (a non-GAAP financial measure defined below) increased 31% to $108.2 million in the third quarter of 2014 from $82.7 million in the third quarter of 2013 and increased 11% from the $97.7 million recorded in the second quarter of 2014. Distributable Cash Flow Available to Common…Finish this article — free account or subscription
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