Eclipse Resources Corporation announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced total revenues of $83,883,000 compared to $65,882,000 for the same period a year ago. Operating loss was $6,862,000 compared to $845,305,000 for the same period a year ago. Loss before income taxes was $63,301,000 compared to $834,015,000 for the same period a year ago. Net loss was $63,307,000 compared to $813,869,000 for the same period a year ago. Net loss per common share, basic and diluted was $0.23 compared to $3.66 for the same period a year ago. Adjusted revenue was $85,101,000 compared to $74,395,000 for the same period a year ago. Adjusted net loss was $5,706,000 or $0.02 per share compared to $41,090,000 or $0.18 per share for the same period a year ago. Adjusted EBITDAX was $41,265,000 compared to $31,313,000 for the same period a year ago. Capital expenditures were $57.8 million.

For the full year, the company announced total revenues of $235,034,000 compared to $255,321,000 for the same period a year ago. Operating loss was $114,473,000 compared to $987,485,000 for the same period a year ago. Loss before income taxes was $203,260,000 compared to $1,043,856,000 for the same period a year ago. Net loss was $203,806,000 compared to $971,410,000 for the same period a year ago. Net loss per common share, basic and diluted was $0.84 compared to $4.46 for the same period a year ago. Adjusted revenue was $261,711,000 compared to $271,675,000 for the same period a year ago. Adjusted net loss was $61,596,000 or $0.26 per share compared to $134,377,000 or $0.62 per share for the same period a year ago.
Adjusted EBITDAX was $105,000,000 compared to $113,077,000 for the same period a year ago. Capital expenditures were $176.9 million.

For the quarter, the company announced total production of 23,490.9 MMcfe compared to 22,727.2 MMcfe for the same period a year ago. Total average daily production volume was 255,336 Mcfe/d compared to 247,035 Mcfe/d for the same period a year ago.

For the full year, the company announced total production of 83,661.9 MMcfe compared to 75,882.4 MMcfe for the same period a year ago. Total average daily production volume was 228,589 Mcfe/d compared to 207,896 Mcfe/d for the same period a year ago.

The company provided operating and capital expenditure guidance for the first quarter and full year of fiscal 2017. For the full year, the company expects production of 305 MMcfe/d compared to 305 MMcfe/d. CAPEX of ~$300 million.

For the first quarter, the company expects production of 275 MMcfe/d compared to 280 MMcfe/d.