Delphi Energy Corp. Reports Earnings Results for the First Quarter Ended March 31, 2018; Provides Production and Earnings Guidance for the Second Quarter of 2018 and First Half of 2018
The company provided production and earnings guidance for the second quarter of 2018 and first half of 2018. For the second quarter of 2018, the company expects net capital program of $5.5 million to $6.0 million, average production of 10,600 boe/d to 11,000 boe/d, adjusted funds flow of $14.5 million to $15.5 million, net debt of $156 million to $158 million.
For the first half of 2018, the company expects net capital program of $38 million to $45 million, average production of 9,800 boe/d to 10,200 boe/d, adjusted funds flow of $25.0 million to $27.0 million, net debt of $149 million to $154 million.