Operations grew phenomenally in the second quarter. Reflected by record production and sales, adjusted EBITDA rose a whopping 377% to $13.7 million when compared to the year-ago quarter. This metric, though a non-GAAP measure, gives an indication of how core operations fared during this period. Obviously, they look good.
Revenues for the quarter rose to $22.1 million -- again, a massive 261% improvement over last year’s second quarter. While higher oil price realizations did play a part, higher sales and higher production were responsible for this impressive show.
Traveling; less blogging. Risk of more typos.
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