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Tuesday, August 7, 2018

-=Sanchez Energy (SN) reported earnings on Tue 7 Aug 2018 (b/o)

Sanchez Energy misses by $0.81, beats on revs 
  • Reports Q2 (Jun) loss of $0.71 per share, $0.81 worse than the Capital IQ Consensus of $0.10; revenues rose 47.6% year/year to $259.3 mln vs the $250.6 mln Capital IQ Consensus.
  • During the second quarter 2018, the Company drilled 57 gross (33 net) wells and completed 41 gross (28 net) wells. The Company brought 49 gross wells on-line, 27 at Comanche and 22 at Catarina, during the quarter.
  • "The second quarter 2018 was a challenging operational quarter at Comanche, as we continued to see higher than projected production declines from wells brought on-line during the second half of 2017 and early 2018," said the co.

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