Jones Energy, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced total operating revenues of $38,234,000 compared to $75,617,000 for the same period a year ago. Operating loss was $28,708,000 compared to income of $12,264,000 for the same period a year ago. Income before income tax was $3,374,000 compared to $199,823,000 for the same period a year ago. Net income was $1,565,000 compared to $179,341,000 for the same period a year ago. Net income attributable to controlling interests was $636,000 or $0.02 per basic and diluted share compared to $32,692,000 or $2.60 per basic and diluted share for the same period a year ago. EBITDAX was $65,102,000 compared to $75,455,000 for the same period a year ago. Adjusted net income was $582,000 compared to $15,688,000 for the same period a year ago. Adjusted net income attributable to controlling interests was $873,000 compared to $2,697,000 for the same period a year ago. Adjusted earnings per share, basic and diluted was $0.03 compared to $0.21 for the same period a year ago.

For the full year, the company announced total operating revenues of $197,399,000 compared to $380,597,000 for the same period a year ago. Operating loss was $106,470,000 compared to income of $108,626,000 for the same period a year ago. Loss before income tax was $11,858,000 compared to income of $251,838,000 for the same period a year ago. Net loss was $9,077,000 compared to income of $225,620,000 for the same period a year ago. Net loss attributable to controlling interests was $2,381,000 or $0.09 per basic and diluted share compared to net income attributable to controlling interests of $41,136,000 or $3.28 per basic and diluted share for the same period a year ago. Net cash provided by operations was $69,030,000 compared to $265,423,000 for the same period a year ago. Additions to oil and gas properties were $311,305,000 compared to $474,619,000 for the same period a year ago. Acquisition of other property, plant and equipment was $1,101,000 compared to $1,683,000 for the same period a year ago. EBITDAX was $268,417,000 compared to $303,014,000 for the same period a year ago. Adjusted net income was $2,220,000 compared to $68,824,000 for the same period a year ago. Adjusted net income attributable to controlling interests was $945,000 compared to $12,616,000 for the same period a year ago. Adjusted earnings per share, basic and diluted was $0.04 compared to $1.01 for the same period a year ago.

The company re-iterated operating and capital expenditure guidance for the first quarter and full year of fiscal 2016. The company projected full-year 2016 average daily production of between 19,300 to 20,300 Boe/d. For the year, total production expected to be between 1.75 MMBoe and 1.85 MMBoe, capital spending is expected to be $25 million for the full-year.

First quarter 2016 production is projected between 15,500 and 17,000 Boe/d. For the year, total production expected to be between 5.6 MMBoe and 6.2 MMBoe.