Bonanza Creek Energy Announces Third Quarter 2016 Financial and Operating Results
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Bonanza Creek Energy (BCEI) Misses Q3 EPS by 7c
November 9, 2016 9:03 AM ESTBonanza Creek Energy (NYSE: BCEI) reported Q3 EPS of ($0.35), $0.07 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $49.3 million versus the consensus estimate of $52.32 million.
Debt and Liquidity
The Company has a $1.0 billion revolving credit facility, which was redetermined on October 31, the "Redetermination Date" to an approved borrowing base and commitment amount of $150 million. As of September 30, 2016, the Company had borrowings under its credit facility of $229.3 million and cash totaling $133.4 million. As the outstanding borrowings on the credit facility exceed the newly redetermined borrowing... More
