Resolute Energy Corporation reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenue of $71,026,000 against $35,390,000 a year ago. Income from operations was $14,413,000 against loss from operations of $4,377,000 a year ago. Net profit was $10,690,000 or $0.47 per basic and diluted share against net loss of $36,906,000 or $2.44 per basic and diluted share a year ago. Adjusted EBITDA was $32,442,000 against $28,362,000 a year ago. Revenue for the quarter was $72.7 million, including the effect of commodity derivative settlement gains of $1.7 million. Resolute incurred oil and gas related capital expenditures of approximately $93.7 million, excluding the Delaware Basin Bronco Acquisition of $161.3 million and capitalized interest of $3.7 million.

For the six months, the company reported total revenue of $136,252,000 against $54,392,000 a year ago. Income from operations was $22,803,000 against loss from operations of $80,461,000 a year ago. Income before income taxes was $14,701,000 against loss of $122,218,000 a year ago. Net profit was $10,766,000 or $0.47 per basic and diluted share against net loss of $122,218,000 or $8.10 per basic and diluted share a year ago. Adjusted EBITDA was $61,360,000 against $51,515,000 a year ago. Adjusted revenue for the six months ended June 30, 2017 was $137.7 million, including the effect of commodity derivative settlement gains of $1.4 million. Resolute incurred oil and gas related capital expenditures of approximately $147.1 million, excluding the Delaware Basin Bronco Acquisition of $161.3 million and capitalized interest of $6.2 million. These capital investments were primarily for drilling and completion, and facility and infrastructure projects in the Delaware Basin.

For the quarter, the company reported total production of 2,216 MBoe compared to 1,080 MBoe a year ago. Daily rate was 24,355 Boe compared to 11,865 Boe a year ago.

For the year 2017, the company increased capital guidance range to $270 million to $285 million.