Energen Corporation Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Asset Impairment for the Third Quarter of 2018
For the nine months, the company reported total revenues of $922,075,000 against $689,249,000 a year ago. Operating income was $243,220,000 against $97,970,000 a year ago. Income before income taxes was $211,312,000 against $70,766,000 a year ago. Net income was $160,617,000 or $1.65 per diluted share against $44,398,000 or $0.46 per diluted share a year ago.
Capital expenditures were $991,853,000 compared to $971,867,000 for the same period a year ago.
For the quarter, total production volumes were 9,489 MBOE against 7,483 MBOE a year ago. Total average daily production volumes were 103.1 MBOE/d against 81.3 MBOE/d a year ago.
For the nine months, total production volumes were 26,709 MBOE against 18,833 MBOE a year ago. Total average daily production volumes were 97.8 MBOE/d against 69.0 MBOE/d a year ago.
For the third quarter of 2018, the company reported asset impairment of $178,000 against $100,000 a year ago.