Lonestar Resources US Slips To Loss In Q1

(RTTNews) - Lonestar Resources US Inc. (LONE) reported that its net loss attributable to its common stockholders for the first-quarter was $18.5 million or $0.75 per share, compared to net income of $3.1 million, or $0.14 per share in the prior year.

Adjusted net loss for the latest-quarter was $3.1 million, or $0.13 per share.

Total revenues for the quarter grew to $36.69 million from $17.62 million last year.

Lonestar raised its full-year 2018 production guidance to a range of 10,300 to 11,000 Boe/d. Commensurately, Lonestar is increasing its EBITDAX guidance to $110 to $125 million, based on a $60 WTI oil price average oil price for 2018.