Legacy Reserves LP announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenues were $92,847,000 against $73,367,000 a year ago. Operating loss was $5,240,000 against $14,104,000 a year ago. Loss before income taxes was $10,927,000 against $52,174,000 a year ago. Net loss attributable to unit holders was $15,827,000 against $57,011,000 a year ago. Basic and diluted loss per unit was $0.22 against $0.81 a year ago. Adjusted EBITDA was $44,305,000 against $39,650,000 a year ago.

For the six months, the company reported total revenues were $192,394,000 against $139,226,000 a year ago. Operating loss was $2,955,000 against $30,980,000 a year ago. Income before income taxes was $5,866,000 against $53,555,000 a year ago. Net loss attributable to unit holders was $4,205,000 against net income attributable to unit holders of $44,360,000 a year ago. Basic and diluted loss per unit was $0.06 against basic and diluted earnings per unit of $0.64 a year ago. Adjusted EBITDA was $84,495,000 against $68,744,000 a year ago.

For the quarter, the company announced total production of 3,847 MBoe compared to 4,060 MBoe for the same period a year ago. Average daily production was 42,275 Boe/d compared to 44,615 Boe/d for the same period a year ago.

For the six months, the company announced total production of 7,665 MBoe compared to 8,202 MBoe for the same period a year ago. Average daily production was 42,348 Boe/d compared to 45,066 Boe/d for the same period a year ago.

The company recorded impairment of long-lived assets of $1,821,000.

For the second half of 2017, the company expected oil in the range of 3,300 MBbls to 3,400 MBbls. Natural gas liquids is expected to be in the range of 17,300 MGal to 17,700 MGal. Natural gas is expected to be 32,000 MMcf to 32,200 MMcf. Total production is expected to be in the range of 9,045 MBoe to 9,288 MBoe. Average daily production is expected to be in the range of 49,158 Boe/d to 50,478 Boe/d.

For the second half of 2017, the company expects capital expenditures to be in the range of $140,000 to $157,000. Adjusted EBITDA is expected to be in the range of $130,000 to $145,000.

For the full year of 2017, the company expected oil is expected to be in the range of 5,381 to 5,481 MBbls. Natural gas liquids is expected to be in the range of 33,467 to 33,867 MGal. Natural gas is expected to be in the range of 63,196 to 63,996 MMcf. Total production is expected to be in the range of 16,711 to 16,953 MBoe. Average daily production is expected to be in the range of 45,784 to 46,447 Boe/d.

For the full year of 2017, the company expects capital expenditures to be in the range of $188,315 to $205,000. Adjusted EBITDA is expected to be in the range of $214,497 to $229,497.