Delphi Energy Corp. reported earnings and operating results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported oil and natural gas revenues were $30,896,000 compared with $20,546,000 a year ago. Adjusted funds from operations were $14,144,000 or $0.08 per basic and diluted share against $8,120,000 or $0.05 per basic and diluted share a year ago. Net loss was $1,764,000 or $0.01 per basic and diluted share against $25,461,000 or $0.16 per basic and diluted share a year ago. Capital expenditures were $42,156,000 compared with negative capital expenditures was $30,679,000 a year ago.

For the year, the company reported oil and natural gas revenues were $101,836,000 compared with $69,134,000 a year ago. Adjusted funds from operations were $36,670,000 or $0.21 per basic and diluted share against $29,865,000 or $0.19 per basic and diluted share a year ago. Net earnings were $6,902,000 or $0.04 per basic and diluted share against loss of $41,144,000 or $0.26 per basic and diluted share a year ago. Net debt as on December 31, 2017 was $136,421,000 against $85,945,000 as on December 31, 2016. Capital expenditures were $117,292,000 compared with negative capital expenditures was $3,427,000 a year ago.

For the quarter, field condensate was 2,374 bbls/d against 1,338 bbls/d a year ago. Natural gas was 35,391 mcf/d against 27,988 mcf/d a year ago. Production volumes was 9,588 boe/d compared with 7,127 boe/d a year ago.

For the twelve months, field condensate was 1,968 bbls/d against 1,444 bbls/d a year ago. Natural gas was 31,098 mcf/d against 28,595 mcf/d a year ago. Production volumes was 8,401 boe/d compared with 7,392 boe/d a year ago.

For the first half of 2018, the company expected average production of 9,800 boe/d to 10,200 boe/d, Natural Gas of 35.0 mmcf/d to $37.0 mmcf/d. Field Condensate of 2,350 bbls/d to 2,450 bbls/d. Natural gas 1,470 bbls/d to 1,530 bbls/d. Adjusted funds flow $25.0 million to $27.0 million. Net debt of $149.0 million to $154.0 million.