Extraction Oil & Gas, Inc. Announces First-Quarter 2019 Results
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Extraction Oil & Gas (XOG) Misses Q1 EPS by 61c, Revenues Miss
May 2, 2019 4:05 PM EDTExtraction Oil & Gas (NASDAQ: XOG) reported Q1 EPS of ($0.60), $0.61 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $221.92 million versus the consensus estimate of $234.53 million.
First quarter average net sales volumes of 80,401 barrels of oil equivalent per day (BOE/d), including 39,809 barrels per day (Bbl/d) of crude oil; For the first quarter, Extraction reported net loss of $94.0 million, or $0.60 per basic and diluted share, driven primarily by a non-cash change in derivatives of $102.3... More