Jagged Peak Energy Inc. announced unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenues of $155,378,000 compared with $70,451,000 a year ago. Income from operations was $64,654,000 compared with $10,283,000 a year ago. Loss before income taxes was $33,881,000 compared with $17,817,000 a year ago. Net loss attributable to the company stockholders was $26,566,000 or $0.12 per basic and diluted share compared with $15,219,000 or $0.07 per basic and diluted share a year ago. Net cash provided by operating activities was $117,933,000 compared with $45,423,000 a year ago. Development of oil and natural gas properties was $158,091,000 compared with $153,964,000 a year ago. Other capital expenditures were $1,364,000 compared with $1,876,000 a year ago. Adjusted net income was $39,254,000 or $0.18 per basic and diluted share compared with $15,373,000 or $0.07 per basic and diluted share a year ago. Adjusted EBITDAX was $118,616,000 compared with $56,555,000 a year ago. Total oil and gas capital expenditures were $164,834,000 compared to $170,334,000 a year ago.

For the nine months, the company reported total revenues of $443,107,000 compared with $162,890,000 a year ago. Income from operations was $115,115,000 compared with loss of $378,444,000 a year ago. Loss before income taxes was $6,151,000 compared with $363,658,000 a year ago. Net loss attributable to the company stockholders was $20,888,000 or $0.10 per basic and diluted share compared with $89,221,000 or $0.42 per basic and diluted share a year ago. Net cash provided by operating activities was $317,747,000 compared with $105,428,000 a year ago. Development of oil and natural gas properties was $551,059,000 compared with $349,176,000 a year ago. Other capital expenditures were $3,245,000 compared with $3,332,000 a year ago. Adjusted net income was $108,913,000 or $0.51 per basic and diluted share compared with $35,723,000 or $0.17 per basic and diluted share a year ago. Adjusted EBITDAX was $322,740,000 compared with $124,966,000 a year ago. Total oil and gas capital expenditures were $567,724,000 compared to $477,240,000 a year ago.

For the quarter, the company reported oil production of 2,531 MBbls against 1,383 MBbls a year ago. Natural gas production was 2,139 MMcf against 1,136 MMcf a year ago. NGLs production was 436 MBbls against 192 MBbls a year ago. Total production was 3,323 MBoe against 1,765 MBoe a year ago. Total average daily production volumes was 36,118 Boe/d compared to 19,180 Boe/d a year ago.

For the nine months, the company reported oil production of 6,947 MBbls against 3,208 MBbls a year ago. Natural gas production was 6,025 MMcf against 2,224 MMcf a year ago. NGLs production was 1,001 MBbls against 406 MBbls a year ago. Total production was 8,952 MBoe against 3,984 MBoe a year ago. Total average daily production volumes was 32,790 Boe/d compared to 14,594 Boe/d a year ago.

The company provided production guidance for the fourth quarter and revised production guidance for the full year ending December 31, 2018. For the fourth quarter, the company expected average daily equivalent production to be in the range of 36 to 38 MBoe/d and average daily oil production to be in the range of 28 to 30 MBbls/d.

For the full year, the company expected average daily equivalent production to be in the range of 33.6 to 34.1 MBoe/d and average daily oil production to be in the range of 26.1 to 26.6 MBbls/d compared to previously expected average daily equivalent production to be in the range of 32.0 to 34.0 MBoe/d and average daily oil production to be in the range of 25.0 to 27.0 MBbls/d.

The company reaffirmed capital expenditure guidance for the full year ending December 31, 2018. For the period, the company expected total development capital expenditure to be in the range of $668 million to $702 million compared to previously expected range of $668 million to $702 million.