Resolute Energy Corporation announced unaudited consolidated earnings and production results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenue of $89,255,000, adjusted revenue of $89,225,000, net loss available to common shareholders of $3,872,000, adjusted net income of $9,552,000 or $0.42 per diluted share, adjusted EBITDA of $58,594,000 compared to total revenue of $62,667,000, adjusted revenue of $81,028,000, net loss available to common shareholders of $20,648,000, adjusted net income of $5,745,000 or $0.27 per diluted share, adjusted EBITDA of $48,986,000 a year ago. In terms of capital expenditures, company invested $59 million during the fourth quarter.

For the year, the company reported total revenue of $303,478,000, adjusted revenue of $307,208,000, net loss available to common shareholders of $7,708,000, adjusted net income of $13,950,000 or $0.61 per diluted share, adjusted EBITDA of $172,756,000 compared to total revenue of $164,478,000, adjusted revenue of $252,488,000, net loss available to common shareholders of $161,722,000, adjusted net loss of $48,797,000 or $3.09 per diluted share, adjusted EBITDA of $140,809,000 a year ago. Capital expenditure was 302.3 million.

For the quarter, the company total production was 2,539 MBoe compared to 1,802 MBoe a year ago.

For the year, the company total production was 9,156 MBoe compared to 5,182 MBoe a year ago.

For the fourth quarter of 2018, Company projects production will be 42,000 to 44,000 BOE a day, a 90% uplift from fourth quarter of 2017.

For the full year 2018, Company projects full year 2018 average production of 30,000 to 33,000 BOE a day, a 50% increase in year-over-year Permian Basin volumes. Additionally, company expects full year LOE in 2018 to be $5.57 a BOE at the midpoint, 36% less than 2017 and full year G&A to be $2.78 a BOE at the midpoint, net of COPAS reimbursements.