Legacy Reserves LP announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2017. For the quarter, the company reported total revenue of $106,815,000 against $83,540,000 a year ago. Operating income was $2,892,000 against loss of $5,037,000 a year ago. Loss before income taxes was $33,600,000 against $4,080,000 a year ago. Net loss attributable to unit holders was 38,616,000 or $0.53 per basic and diluted share against $9,053,000 or $0.13 per basic and diluted share a year ago. Adjusted EBITDA was $58,765,000 against $40,683,000 a year ago.

For the nine months, reported total revenue of $299,209,000 against $222,766,000 a year ago. Operating loss was $63,000 against $36,017,000 a year ago. Loss before income taxes was $27,734,000 against income of $49,476,000 a year ago. Net loss attributable to unit holders was 42,821,000 or $0.59 per basic and diluted share against profit of $35,308,000 or $0.50 per basic and diluted share a year ago. Adjusted EBITDA was $143,260.000 against $109,428,000 a year ago.

For the quarter, the company has announced oil production of 1,323 MBbls against 962 MBbls a year ago. Natural gas liquids production was 11,375 MGal against 9,742 MGal. Natural gas production was 15,771 MMcf against 16,572 MMcf a year ago. Average daily production was 45,891 Boe/d against 43,000 Boe/d a year ago.

For the nine months, the company announced oil production of 3,404 MBbls against 3,070 MBbls a year ago. Natural gas liquids production was 27,542 MGal against 27,646 MGal. Natural gas production was 46,967 MMcf against 50,581 MMcf a year ago. Average daily production was 43,546 Boe/d against 44,372 Boe/d a year ago.

For the quarter, the company has announced impairment of long-lived assets of $14,665,000 against $4,618,000 a year ago.

For the fourth quarter of 2017, the company expected oil in the range of 17,100 MBbls to 17,700 MBbls. Natural gas liquids is expected to be in the range of 2,275 MGal to 2,325 MGal. Natural gas is expected to be 170.0 MMcf to 174.0 MMcf. Total production is expected to be in the range of 47,708 MBoe to 49,025 MBoe.

For the fourth quarter of 2017, the company expects capital expenditures to be in the range of $40,000 to $42,000. Adjusted EBITDA is expected to be in the range of $68,000 to $71,000.

For the full year of 2017, expected oil in the range of 13,789 MBbls to 13,789 MBbls. Natural gas liquids is expected to be in the range of 2,370 MGal to 2,025 MGal. Natural gas is expected to be 171.5 MMcf to 162.5 MMcf. Total production is expected to be in the range of 44,590 MBoe to 47,908 MBoe.

For the full year of 2017, the company expects capital expenditures to be in the range of $181,476 to $183,476,000. Adjusted EBITDA is expected to be in the range of $211,259 to $214,259.

For the Preliminary 2018, the company expected oil in the range of 18,800 MBbls to 21,400 MBbls. Natural gas liquids is expected to be in the range of 2,025 MGal to 2,300 MGal. Natural gas is expected to be 162.5 MMcf to 177.5 MMcf. Total production is expected to be in the range of 47,908 MBoe to 53,283 MBoe.

For the year 2018, the company expects capital expenditures to be in the range of $200,000 to $183,476,000. Adjusted EBITDA is expected to be in the range of $280,000 to $330,000.