Legacy Reserves LP Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2016
For the six months, the company reported total revenue of $139,226,000 against $169,340,000 a year ago. Operating loss was $30,980,000 against $240,237,000 a year ago. Income before income taxes was $53,555,000 against loss before income taxes $267,619,000 a year ago. Net income attributable to unit holders was $44,360,000 or $0.64 per basic and diluted share against net loss attributable to unit holders $276,828,000 or $4.02 per basic and diluted share a year ago. Adjusted EBITDA was $68,744,000 against $131,914,000 a year ago. Development capital expenditure was $11,676,000 against $21,781,000 a year ago.
For the quarter, the company reported oil production of 1,039 MBbls against 1,171 MBbls a year ago. Natural gas liquids production was 9,663 MGal against 11,566 MGal a year ago. Natural gas production was 16,743 MMcf against 9,649 MMcf a year ago. Average daily production was 44,615 Boe/d against 33,571 Boe/d a year ago.
For the six months, the company reported oil production of 2,108 MBbls against 2,371 MBbls a year ago. Natural gas liquids production was 17,904 MGal against 21,252 MGal a year ago. Natural gas production was 34,009 MMcf against 19,307 MMcf a year ago. Average daily production was 45,066 Boe/d against 33,674 Boe/d a year ago.