Alta Mesa Resources, Inc. reported consolidated earnings results for the third quarter ended September 30, 2018 and for the period from February 9, 2018 through September 30, 2018. For the quarter, the company reported total operating revenues of $164,881,000 against $63,124,000 a year ago. Income from operations was $31,372,000 against loss of $8,862,000 a year ago. Income from continuing operations before income taxes was $19,381,000 against loss of $22,163,000 a year ago. Income from continuing operations was $17,755,000 against loss of $22,163,000 a year ago. Net income attributable to the company stockholders was $7,135,000 against loss of $24,204,000 a year ago. Net income per basic and diluted share attributable to the company stockholders was $0.04. EBITDA was $82,799,000, EBITDAX was $83,828,000 and Adjusted EBITDAX was $83,828,000.

For the period, the company reported total operating revenues of $349,837,000. Loss from operations was $16,155,000. Loss from continuing operations before income taxes was $43,999,000. Loss from continuing operations was $38,134,000. Net loss attributable to the company stockholders was $12,544,000. Net loss per basic and diluted share attributable to the company stockholders was $0.08. Net cash provided by operating activities was $2,506,000. Capital expenditures for property, plant and equipment was $523,645,000. EBITDA was $126,943,000, EBITDAX was $141,010,000 and Adjusted EBITDAX was $166,744,000.

For the third quarter, the company net production of approximately 33,400 BOE per day and Oil volumes were approximately 16,700 Bbls per day, September average was approximately 36,800 BOE per day.

Production guidance for full-year 2018 reaffirmed at 29,000 BOE per day to 31,000 BOE per day, 2018 exit rate guidance reaffirmed at 38,000 BOE per day to 40,000 BOE per day.