Rosehill Resources Inc. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2017; Revises Production Guidance for the Year 2017 and 2018
For the nine months, the company reported total revenue of $47,461,000 compared to $23,203,000 a year ago. Operating loss was $2,224,000 compared to $3,678,000 a year ago. Loss before income taxes was $1,852,000 compared to $8,043,000 a year ago. Net loss attributable to company was $3,207,000 compared to $8,136,000 a year ago. Basic and diluted loss per common share was $0.55 compared to $1.39 a year ago. Net cash provided by operating activities was $35,527,000 compared to $9,328,000 a year ago. Additions to oil and natural gas properties were $93,536,000 compared to $11,592,000 a year ago. Additions to other property and equipment were $343,000 compared to $395,000 a year ago. Adjusted EBITDAX was $26,590,000 compared to $13,353,000 a year ago.
For the quarter, the company reported total net production of 487 MBoe compared to 378 MBoe a year ago. Total average daily net production volume was 5,296 Boe/d compared to 4,114 Boe/d a year ago.
For the nine months, the company reported total net production of 1,454 MBoe compared to 1,003 MBoe a year ago. Total average daily net production volume was 5,327 Boe/d compared to 3,662 Boe/d a year ago.
The company revised production guidance for the year 2017 and 2018. For the year 2017, the company revised total capital in the range of $175 million to $195 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.