LRR Energy L.P. (LRE) reported that net income for the first-quarter 2012 was $3.8 million, or $0.17 per limited partner unit. Total revenues for the latest-quarter were $24.0 million.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share on revenues of $24.75 million for the quarter. Analysts' estimates typically exclude special items.
LRR Energy continues to expect its 2012 capital expenditures to total approximately $21.2 million, of which approximately $18.0 million is maintenance capital.
Notwithstanding the Red Lake field shut-in and the Pecos Slope field curtailment, LRR Energy said it is still comfortable with its 2012 production guidance range of 5,700 - 6,100 Boe/d. The company said its production rate for April 2012 was approximately 5,875 Boe/d.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.