Roan Resources, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Quarter and Full Year Ended December 31, 2018; Provides Operating Guidance for the Fourth Quarter and Full Year of 2019
March 18, 2019 at 07:35 pm
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Roan Resources, Inc. reported Unaudited Consolidated earnings and operating results for the quarter and full year ended December 31, 2018. For the quarter, the company reported total revenues of $307,052,000 compared to $58,568,000 a year ago. Total operating income was $208,819,000 compared to total operating loss of $9,373,000 a year ago. Net income was $148,245,000 compared to net loss of $10,380,000 a year ago. Basic and diluted earnings per share were $0.97 compared to basic and diluted loss per share of $0.07 a year ago.
For the full year, the company reported total revenues of $517,821,000 compared to $159,588,000 a year ago. Total operating income was $224,543,000 compared to $19,905,000 a year ago. Net loss was $140,671,000 compared to net income of $18,457,000 a year ago. Basic and diluted loss per share of $0.92 compared to basic and diluted earnings per share of $0.18 a year ago.
For the quarter, the company reported oil production of 1,360 (MBbls) compared to 570(MBbls) a year ago. Natural gas production was 12,404 (MMcf) compared to 7,059 (MMcf) a year ago. Natural gas liquids production was 1,550(MBbls) compared to 613(MBbls) a year ago.
For the year, the company reported oil production of 4,364 (MBbls) compared to 1,454 (MBbls) a year ago. Natural gas production was 41,890 (MMcf) compared to 17,582 (MMcf) a year ago. Natural gas liquids production was 4,592 (MBbls) compared to 1,524 (MBbls) a year ago.
The company provided operating guidance for the fourth quarter and full year of 2019. For the fourth quarter of 2019, the company's Production expected to be of 64.0 (MBoe/d) to 66.0 (MBoe/d).
For the full year, the company's Production expected to be of 56.0 (MBoe/d) to 59.0 (MBoe/d).
Pressburg LLC is a United States-based oil and natural gas exploration and production company. The Company is engaged in operating, designing and managing the development of wells and supervising the operation and other maintenance activities. The Company is focused on the development of its asset in Canadian, Grady and McClain counties in Central Oklahoma and Anadarko Basin.
Roan Resources, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Quarter and Full Year Ended December 31, 2018; Provides Operating Guidance for the Fourth Quarter and Full Year of 2019