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).