WildHorse Resource Development (WRD) Misses Q2 EPS by 12c, Revenues Beat

WildHorse Resource Development (NYSE: WRD) reported Q2 EPS of $0.39, $0.12 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $225.41 million versus the consensus estimate of $204.04 million.

“In the second quarter, WRD delivered excellent results which were amplified by the strength of our takeaway capabilities and LLS pricing. We are currently on track to meet or exceed the midpoint of our annual guidance,” said Jay Graham, Chairman and Chief Executive Officer of WRD. “In addition, WRD is on schedule to start our in-field sand mine by the first quarter of 2019. We have received all of the necessary permits for the mine and are in the process of installing the plants and facilities. WRD is in an enviable position with our Gulf Coast location, access to premium markets, and reduced well costs with the completion of our sand mine. We look forward to leveraging this unique position to drive full cycle returns and create value for our shareholders.”

For earnings history and earnings-related data on WildHorse Resource Development (WRD) click here.

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