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BRIEF-Frontera Reports Qtrly Basic Earnings Per Share Of $2.32

Published 2019-08-01, 09:16 p/m
© Reuters.  BRIEF-Frontera Reports Qtrly Basic Earnings Per Share Of $2.32
FEC
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Aug 1 (Reuters) - Frontera Energy Corp FEC.TO :

* FRONTERA ANNOUNCES STRONG SECOND QUARTER 2019 RESULTS

* QTRLY REVENUE $377 MILLION VERSUS $405 MILLION

* QTRLY BASIC EARNINGS PER SHARE $2.32

* DURING Q2 OF 2019, CAPITAL EXPENDITURES WERE $73.5 MILLION DOWN 15.4% FROM Q2 OF 2018

* SEES FY 2019 OPERATING EBITDA $525 MILLION TO $575 MILLION

* SEES 2019 CAPITAL EXPENDITURES $325 MILLION TO $375 MILLION

* SEES FY 2019 AVERAGE DAILY PRODUCTION BETWEEN 65,000 BOE/D AND 70,000 BOE/D

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