Jagged Peak Energy Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total revenues were $104,422,000 against $24,877,000 a year ago. Income from operations was $29,571,000 against loss of $6,124,000 a year ago. Loss before income taxes was $30,333,000 against $1,971,000 a year ago. Net income attributable to company stock holders was $12,763,000 or $0.06 per diluted share against loss of $1,971,000 or $0.00 per share a year ago. Net cash provided by operating activities was $73,443,000 against $15,261,000 a year ago. Development of oil and natural gas properties was $174,383,000 against $54,762,000 a year ago. Adjusted net income was $20,223,000 against $3,888,000 a year ago. Adjusted EBITDAX was $78,330,000 against $16,043,000 a year ago.

For the year, the company reported total revenues were $267,312,000 against $76,522,000 a year ago. Loss from operations was $348,873,000 against income of $8,014,000 a year ago. Loss before income taxes was $393,991,000 against $9,760,000 a year ago. Net loss attributable to company stock holders was $451,934,000 or $0.36 per diluted share against loss of $9,760,000 or $0.00 per share a year ago. Net cash provided by operating activities was $178,871,000 against $32,083,000 a year ago. Development of oil and natural gas properties was $523,559,000 against $139,571,000 a year ago. Other capital expenditures were $2,983,000 against $1,969,000 a year ago. Adjusted net income was $55,912,000 against $4,657,000 a year ago. Adjusted EBITDAX was $203,296,000 against $48,995,000 a year ago.

For the quarter, the company reported oil production of 1,771 MBbls against 492 MBbls a year ago. Natural gas production was 1,377 MMcf against 283 MMcf a year ago. NGLs production was 211 MBbls against 53 MBbls a year ago.

For the year, the company reported oil production of 4,979 MBbls against 1,702 MBbls a year ago. Natural gas production was 3,601 MMcf against 953 MMcf a year ago. NGLs production was 617 MBbls against 194 MBbls a year ago.

For the year 2018, the company expects total capital expenditures, excluding leasehold, of $560 to $615 million.

For the year 2018, the company expects total net production of 28,000 to 31,000 Boe/d, representing an increase of more than 70% compared to 2017 average production, net oil production will represent 77% to 81% of total net production.

The company expects first quarter 2018 production to range from 27,000 to 27,300, an increase of more than 10% at the mid-point compared to fourth quarter 2017 production.