Sanchez Energy (SN) Reports Q4 Revenues Above Estimates

Sanchez Energy (NYSE: SN) reported Q4 EPS of ($1.01), versus $0.19 reported last year. Revenue for the quarter came in at $244.3 million versus the consensus estimate of $233.03 million.

• The Company reported a net loss of $61.4 million for the fourth quarter 2017, net income of $35.8 million for the third quarter 2017, and net income of $12.3 million for the fourth quarter 2016;
• The Company reported net income of $43.2 million for the year ended December 31, 2017, compared to a net loss of $141.5 million for the year ended December 31, 2016;
• Fourth quarter 2017 revenues of approximately $246 million were 33 percent higher compared to third quarter 2017 and 96 percent higher compared to fourth quarter 2016;
• Adjusted revenues (a non-GAAP financial measure that includes hedge settlements) were approximately $244.3 million during fourth quarter 2017, 25 percent higher compared to third quarter 2017 and 68 percent higher compared to fourth quarter 2016;
• Full year 2017 revenues were approximately $740.3 million and full year 2017 Adjusted revenues (a non-GAAP financial measure that includes hedge settlements) were approximately $753.5 million;
• Adjusted EBITDAX (a non-GAAP financial measure) was approximately $137.4 million during fourth quarter 2017, 39 percent higher compared to third quarter 2017 and 89 percent higher compared to fourth quarter 2016;
• Full year 2017 Adjusted EBITDAX (a non-GAAP financial measure) was approximately $372 million, a 27 percent increase compared to full year 2016;
• In February 2018, the Company announced and closed a comprehensive financing strategy which is expected to fully fund capital plans for the next several years; and
• The Company has converted its accounting convention from the full-cost method to the successful efforts method, providing increased transparency and comparability to peers.

For earnings history and earnings-related data on Sanchez Energy (SN) click here.

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