logo
Plus   Neg
Share
Email

LRR Energy L.P. Posts Q1 Profit Of $3.8 Mln - Quick Facts

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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Russia's biggest two banks, Sberbank and Alfa Bank, are planning to test several private banking products based on cryptocurrencies in a regulatory sandbox environment hosted by the Russian central bank, the Kommersant newspaper reported. After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Friday. The major averages climbed well off their lows of the session, with the S&P 500 briefly turning positive. President Donald Trump's former campaign chairman Paul Manafort is headed to jail after his bail was revoked by a District Court Judge on Friday. Manafort will remain in jail as he awaits trial on criminal charges related to his lobbying work for a pro-Russia party in Ukraine.
Follow RTT