July 27 (Reuters) - MEG Energy Corp MEG.TO :
* MEG ENERGY ANNOUNCES SECOND QUARTER 2020 FREE CASH FLOW OF $69 MILLION, EXITING THE QUARTER WITH CREDIT FACILITY UNDRAWN AND $120 MILLION OF CASH ON HAND
* BITUMEN PRODUCTION AVERAGED 75,687 BBLS/D IN Q2 OF 2020, COMPARED TO 91,557 BBLS/D IN Q1
* BITUMEN PRODUCTION AVERAGED 75,687 BBLS/D IN Q2 OF 2020, COMPARED TO 91,557 BBLS/D IN Q1 OF 2020
* QTRLY LOSS PER SHARE 26 CENTS
* QTRLY ADJUSTED. FUNDS FLOW PER SHARE C$0.29
* QTRLY REVENUE $307 MILLION VERSUS $1,062 MILLION
* REALIZED AN AVERAGE AWB BLEND SALES PRICE OF US$15.12 PER BARREL IN QUARTER
* RE-INSTATING FY PRODUCTION GUIDANCE WHICH IS NOW TARGETED AT 78,000 - 80,000 BBLS/D
* EARLIEST LONG-TERM DEBT MATURITY IS APPROXIMATELY FOUR YEARS OUT
* MODIFIED COVENANT-LITE $800 MILLION REVOLVING CREDIT FACILITY HAS NO FINANCIAL MAINTENANCE COVENANT UNLESS DRAWN IN EXCESS OF $400 MILLION
* MEG ENERGY - FOR H2 2020, TO DATE ENTERED BENCHMARK WTI FIXED PRICE HEDGES FOR ABOUT 70% OF FORECAST BITUMEN PRODUCTION AT ABOUT US$46 PER BARREL
* Q2 EARNINGS PER SHARE VIEW C$-0.10, REVENUE VIEW C$435.0 MILLION -- REFINITIV IBES DATA