Lonestar Resources US, Inc. (LONE) Tops Q3 EPS by 37c, Revenues Beat
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Lonestar Announces Record Third Quarter 2019 Production
November 11, 2019 4:30 PM ESTFORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, Lonestar, we, us, our or the Company) today reported financial and operating results for the three months ended September 30, 2019.
HIGHLIGHTS
Production Increases 45%, Exceeds Guidance- Lonestar reported a 45% increase in net oil and gas production to a Company-record 18,097 BOE/d during the three months ended September 30, 2019 (3Q19), compared to 12,471 BOE/d for the three months ended September 30, 2018 (3Q18). Reported production volumes exceeded the Companys guidance of 17,000 17,500 BOE/d, and also represented a 33% sequential increase in production.... More