Jones Energy, Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2017. For the quarter, the company reported oil and gas sales of $40,677,000 compared to $25,080,000 a year ago. Total operating revenues were $41,233,000 compared to $25,858,000 a year ago. Operating loss was $13,507,000 compared to $34,081,000 a year ago. Loss before income tax was $3,494,000 compared to income before income tax of $59,217,000 a year ago. Net loss attributable to common shareholders was $3,414,000 or $0.05 per basic and diluted share compared to net income attributable to common shareholders of $18,911,000 or $0.57 per basic and diluted share a year ago. Net cash provided by operations was $13,583,000 compared to net cash used in operations of $4,826,000 a year ago. Additions to oil and gas properties were $47,110,000 compared to $7,176,000 a year ago. Acquisition of other property, plant and equipment (net of reimbursements) was $192,000. EBITDAX was $53,315,000 compared to $51,081,000 a year ago. Adjusted net income attributable to common shareholders was $916,000 or $0.01 per basic and diluted share compared to adjusted net loss attributable to common shareholders of $834,000 or $0.03 per basic and diluted share a year ago.

For the quarter, the company reported total net production volumes of 1,699 MBoe compared to 1,854 MBoe a year ago.

The company provided production guidance for the second quarter of 2017 and reiterates its 2017 guidance for the full year. The company also announced second quarter 2017 guidance projecting average daily production of 20,700 to 21,700 Boe per day.

The company reiterates its 2017 guidance for the full year 2017, projecting average daily production of 20,700 to 23,000 Boe per day. Total capital expenditures expects to be $275 million.