Rosehill Resources Inc. reported unaudited consolidated earnings and operational results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenue of $14,665,000 compared to $8,783,000 a year ago. Operating loss was $2,252,000 compared to $447,000 a year ago. Loss before income taxes was $1,227,000 compared to $2,969,000 a year ago. Net loss attributable to company was $457,000 compared to $3,015,000 a year ago. Basic and diluted loss per common share was $0.08 compared to $0.51 a year ago. Adjusted EBITDAX totaled $8.8 million for the second quarter of 2017, up from $5.3 million in the same period in 2016.

For the six months, the company reported total revenue of $32,166,000 compared to $13,521,000 a year ago. Operating income was $1,002,000 compared to loss of $3,965,000 a year ago. Income before income taxes was $3,273,000 compared to loss of $7,890,000 a year ago. Net income attributable to company was $3,957,000 compared to loss of $7,954,000 a year ago. Basic and diluted earnings per common share were $0.68 compared to loss per share of $1.36 a year ago. Adjusted EBITDAX for the six months ended June 30, 2017 was $21.1 million, up from $7.5 million for the same period in 2016.

For the quarter, the company production oil results were 253 (MBbls) compared to 154 (MBbls) a year ago. Production natural gas results was 701 (MMcf) compared to 640 (MMcf) a year ago. Production NGLs results was 109 (MBbls) compared to 97 (MBbls) a year ago. Total production results was 478 (Mboe) compared to 358 (Mboe) a year ago.

For the six months, the company production oil results were 536 (MBbls) compared to 259 (MBbls) a year ago. Production natural gas results was 1,357 (MMcf) compared to 1,140 (MMcf) a year ago. Production NGLs results was 205 (MBbls) compared to 176 (MBbls) a year ago. Total production results was 967 (Mboe) compared to 625 (Mboe) a year ago.

For the company earnings guidance for the year 2017 and 2018. For the year 2017, the company expects net income in the range of $4,342,000 to $13,642,000. Adjusted EBITDAX in the range of $45,000,000 to $60,000,000. The company expects its total capital spend for 2017 to be in the range of $135 million to $155 million, with approximately 90% of that spend for drilling, completion and recompletion activities.

For the year 2018, the company expects net income in the range of $25,000,000 to $33,500,000. Adjusted EBITDAX in the range of $120,000,000 to $140,000,000. The company expects its 2018 capital investments to be about 20% higher than 2017 as the company expects to be running a 2-rig drilling program for the entire year.

For the company revised production guidance for the year 2017 and 2018. For the year 2017, the company revised total capital in the range of $135 million to $155 million compared to $91 million in the original guidance. Production revised guidance in the range of 5,700 (BOE/d) to 5,900 (BOE/d) compared to 5,614 (BOE/d) in the original guidance. Revised EBITDAX in the range of $45 million to $60 million compared to $45 million in the original guidance.

For the year 2018, the company revised total capital in the range of $150 million to $200 million compared to $115 million in the original guidance. Production revised guidance in the range of 12,000 (BOE/d) to 14,500 (BOE/d) compared to 7,644 (BOE/d) in the original guidance. Revised EBITDAX in the range of $120 million to $140 million compared to $77 million in the original guidance.