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BRIEF-Jagged Peak Energy Reports Q2 Revenue Of $146.8 Mln

Reuters logo Reuters 8/8/2019

Aug 8 (Reuters) - Jagged Peak Energy Inc:

* JAGGED PEAK ENERGY INC ANNOUNCES SECOND QUARTER 2019 FINANCIAL AND OPERATING RESULTS

* FY DEVELOPMENT CAPITAL GUIDANCE AFFIRMED AT MIDPOINT OF $635 MILLION

* Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.10

* Q2 EARNINGS PER SHARE $0.20

* Q2 REVENUE $146.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $143.1 MILLION

* Q2 EARNINGS PER SHARE ESTIMATE $0.12 -- REFINITIV IBES DATA

* Q2 OIL PRODUCTION AVERAGED 29.1 MBBLS PER DAY, AT UPPER END OF COMPANY'S GUIDANCE

* ON TRACK TO MEET COMPANY'S FULL-YEAR 2019 GOAL OF $1,250 PER LATERAL FOOT DC&E COSTS

* FOR REMAINDER OF YEAR, COMPANY PLANS TO CONTINUE RUNNING FIVE DRILLING RIGS AND BETWEEN ONE AND TWO COMPLETION CREWS

* EXPECTING ITS OIL PRODUCTION TO GROW SEQUENTIALLY IN Q3 BY APPROXIMATELY 3% AND THEN GROW BY APPROXIMATELY 15% IN Q4

* AFFIRMING ITS Q4 AND FULL-YEAR PRODUCTION GUIDANCE RANGES Source text for Eikon: Further company coverage:

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