Welcome to our dedicated page for LONE news (Ticker: LONE), a resource for investors and traders seeking the latest updates and insights on LONE stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LONE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LONE's position in the market.
Lonestar Resources US Inc. (OTCQX: LONE) reported its financial and operational results for the quarter ending June 30, 2021. Highlights include a 14% increase in production to 11,855 BOE/d and an adjusted net income of $10.7 million, or $1.07 per share. The company also achieved an adjusted EBITDAX of $23.7 million, marking a 3% increase from the previous quarter. Despite a net loss of $17.8 million, discretionary cash flow rose to $19.9 million. Production volumes from its Western region were particularly strong, contributing significantly to overall growth.
Lonestar Resources US Inc. (OTCQX: LONE) provided an operational update, reporting significant progress in its 2021 program. The company successfully placed 7.0 gross / 5.5 net wells onstream, boosting estimated production by 23% to approximately 12,750 BOE per day for June 2021. CEO Frank D. Bracken, III highlighted that production results are expected to meet or exceed the high end of its Q2 2021 guidance, with Adjusted EBITDAX projected at $23 million and discretionary cash flow at $19 million, both surpassing previous estimates.
Lonestar Resources US Inc. (LONE) reported its financial results for Q1 2021, highlighting a 29% decrease in oil and gas production year-over-year to 10,377 BOE/d. Nevertheless, current production has rebounded to 12,500 BOE/d following resumed development activities. Adjusted net income was $10.5 million, while the company posted a net loss of $6.3 million. Free cash flow stood at $7 million, with a yield of 37%. Lonestar aims to reduce its debt-to-EBITDAX ratio to 1.5x within the next eight quarters and has increased its confirmed drilling locations significantly.
Lone Star Resources US Inc. (OTCQX: LONE) will announce its first quarter 2021 results after market close on May 11, 2021. The report will be accessible on Business Wire and the company's website. A conference call is scheduled for May 12, 2021, at 9:00 AM CDT, where management will discuss the results and operational highlights. Lone Star focuses on developing and producing oil and natural gas in the Eagle Ford Shale, Texas.
Lonestar Resources US Inc. (OTCQX: LONE) will release its first quarter 2021 results after trading on May 11, 2021. The report will be accessible via Business Wire and the company's website. A conference call is scheduled for May 12, 2021, at 9:00 AM CDT, to discuss the results and operational highlights. Lonestar is an independent oil and natural gas firm based in Fort Worth, Texas, focusing on unconventional oil and gas production in the Eagle Ford Shale.
Lonestar Resources US announced year-end 2020 reserves, with total proved reserves of 70.1 million barrels of oil equivalent (MMBOE), including 39.1 million barrels of crude oil and 19.5 million barrels of natural gas liquids. The PV-10 value for these reserves is $366.0 million. When applying a flat pricing deck, the proved reserves increase to 82.7 MMBOE with a PV-10 of $723.8 million. The company’s long-term debt stands at $260.0 million, indicating substantial asset value.
Overall, the company’s reserves are primarily located in the Eagle Ford Shale.
Lonestar Resources US (OTC: LONE) will present at the EnerCom Dallas Energy Investment & ESG Conference on April 6, 2021, at 8:50 AM CDT. The event will be a hybrid format, hosting 100-150 attendees in-person at the Petroleum Club in Dallas, alongside a virtual audience. The conference continues with full virtual presentations on April 7. Lonestar specializes in oil and natural gas development in the Eagle Ford Shale, Texas. Caution is advised regarding forward-looking statements in this announcement as they involve risks and uncertainties.
Lonestar Resources US reported a net loss of $38.5 million for Q3 2020, an improvement from $42.9 million in Q2 2020. The company achieved an 8% increase in oil and gas production, reaching 14,419 BOE/d. While wellhead revenues rose by 86% to $32.1 million, expenses surged, particularly G&A which jumped 177% per BOE, largely due to restructuring costs. Adjusted EBITDAX remained steady at $32.5 million. Wellhead crude oil prices realized were $37.08/Bbl, slightly lower than WTI prices.
