Thursday, November 14, 2013

American Eagle Reports 3Q13 Earnings

Press release here.
  • American Eagle reports record quarterly oil production of 125,343 barrels of oil equivalent  or an average of 1,362 barrels of oil equivalent per day. Third quarter production was up 6% from 117,164 boe (1,288 boepd) quarter-over-quarter for the period ended June 30, 2013 ("qoq") and up 232% from 37,792 boe (411 boepd) year-over-year for the quarter ended September 30, 2012 ("yoy");
  • record quarterly oil sales of $11.6 million, up 12% qoq and up 305% yoy;
  • record adjusted EBITDA of $7.2 million or $0.14 per share (basic and diluted);
  • adjusted cash flow of $6.0 million or $0.11 per share (basic and diluted); and
  • adjusted income of $3.7 million or $0.07 per share (basic and diluted).

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