Legacy Reserves (LGCY) Misses Q2 EPS by 52c
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Legacy Reserves LP Announces Second Quarter 2015 Results
August 5, 2015 4:01 PM EDTMIDLAND, Texas, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) today announced second quarter results for 2015.
Q2 highlights include:
Production of 33,571 Boe/d  Lease operating expense (excluding ad valorem taxes) of $42.8 million, a $3.1 million (6.8%) improvement relative to Q1 2015 and a $10.4 million (19.5%) improvement relative to Q4 2014  Adjusted EBITDA of $69.9 million, an $8.0 million (12.8%) improvement relative to Q1 2015 on a net loss of approximately $38.5 million  Distributable Cash Flow of $39.8 million, a $13.0 million (48.5%) improvement relative to Q1 2015, covering our quarterly distribution by 1.64 timesPaul T. Horne,... More
