Eclipse Resources Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's total revenues were $86,191,000 compared with $47,066,000 a year ago. Operating income was $5,602,000 compared with loss of $36,951,000 a year ago. Income before income taxes was $11,494,000 compared with loss of $73,163,000 a year ago. Net income was $11,494,000 or $0.04 per basic and diluted share compared with net loss of $73,163,000 or $0.33 per basic and diluted share a year ago. Adjusted revenue was $83,550,000 compared with $58,781,000 a year ago. Adjusted net loss was $2,769,000 or $0.01 per basic and diluted share compared to $24,145,000 or $0.11 per basic and diluted share a year ago. Adjusted EBITDAX was $39,589,000 compared with $16,905,000 a year ago. Loss before income taxes, as adjusted was $2,769,000 compared to $24,145,000 a year ago. Second quarter 2017 capital expenditures were $98.5 million. These expenditures included $80.2 million for drilling and completions, $0.7 million for midstream expenditures, $17.3 million for land-related expenditures, and $0.3 million for corporate-related expenditures.

For the six months, the company's total revenues were $188,053,000 compared with $96,672,000 a year ago. Operating income was $19,833,000 compared with loss of $87,559,000 a year ago. Income before income taxes was $38,341,000 compared with loss of $118,157,000 a year ago. Net income was $38,341,000 or $0.15 per basic and diluted share compared with net loss of $118,697,000 or $0.53 per basic and diluted share a year ago. Adjusted revenue was $178,992,000 compared with $117,647,000 a year ago. Adjusted net income was $2,075,000 or $0.01 per basic and diluted share compared to adjusted net loss of $39,198,000 or $0.18 per basic and diluted share a year ago. Adjusted EBITDAX was $89,800,000 compared with $37,311,000 a year ago. Income before income taxes, as adjusted was $2,075,000 compared to loss before income taxes, as adjusted of $38,658,000 a year ago. Capital expenditures were $177,000,000.


For the quarter, the company's natural gas production was 20,127.8 MMcf compared with 15,298.5 MMcf a year ago. NGL sales was 662.1 Mbbls compared with 685.9 Mbbls a year ago. Oil sales production was 347.8 Mbbls compared with 345.2 Mbbls a year ago. Total production was 26,187.2 MMcfe compared with 21,485.1 MMcfe a year ago. Natural gas average daily production was 221,185 Mcf/d compared with 168,115 Mcf/d a year ago. NGL sales average daily production was 7,276 Bbls/d compared with 7,537 Bbls/d a year ago. Oil sales average daily production was 3,822 Bbls/d compared with 3,793 Bbls/d a year ago. Total average daily production was 287,771 Mcfe/d compared with 236,095 Mcfe/d a year ago.

For the six months, the company's natural gas production was 39,509.4 MMcf compared with 28,985.8 MMcf a year ago. NGL sales was 1,327.1 Mbbls compared with 1,199.6 Mbbls a year ago. Oil sales production was 801.9 Mbbls compared with 600.5 Mbbls a year ago. Total production was 52,283.4 MMcfe compared with 39,786.4 MMcfe a year ago. Natural gas average daily production was 218,284 Mcf/d compared with 159,263 Mcf/d a year ago. NGL sales average daily production was 7,332 Bbls/d compared with 6,591 Bbls/d a year ago. Oil sales average daily production was 4,430 Bbls/d compared with 3,299 Bbls/d a year ago. Total average daily production was 288,859 Mcfe/d compared with 218,603 Mcfe/d a year ago.

For the third quarter of 2017, the company expects production guidance in the range of 350 MMcfe/d - 355 MMcfe/d.

For the full year of 2017, the company expects production guidance in the range of 315 MMcfe/d - 320 MMcfe/d.

For the full year of 2017, the company expects capex of $300,000.