Legacy Reserves LP Announces Unaudited Consolidated Earnings and Production Results for Third Quarter and Nine Months Ended September 30, 2018; Reports Impairment Charges for the Third Quarter Ended September 30, 2018
For the nine months, reported total revenue of $421,967,000 against $299,209,000 a year ago. Operating income was $31,719,000 against loss of $63,000 a year ago. Loss before income taxes was $31,063,000 against $27,734,000 a year ago. Net loss was $34,179,000 or $0.33 per basic and diluted share against $28,571,000 or $0.29 per basic and diluted share a year ago. Adjusted EBITDA was $221,238,000 against $143,260,000 a year ago.
For the quarter, the company has announced oil production of 1,739 MBbls against 1,323 MBbls a year ago. Natural gas liquids production was 11,427 MGal against 11,375 MGal. Natural gas production was 15,026 MMcf against 15,771 MMcf a year ago. Average daily production was 49,076 Boe/d against 45,891 Boe/d a year ago.
For the nine months, the company announced oil production of 4,915 MBbls against 3,404 MBbls a year ago. Natural gas liquids production was 32,003 MGal against 27,542 MGal. Natural gas production was 43,861 MMcf against 46,967 MMcf a year ago. Average daily production was 47,571 Boe/d against 43,542 Boe/d a year ago.
For the quarter, the company has announced impairment of long-lived assets of $18,994,000 against $14,665,000 a year ago.