Eclipse Resources Corporation reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2018. For the quarter, the company's total revenues were $110,192,000 compared to $101,863,000 a year ago. Operating income was $14,541,000 compared to $14,231,000 a year ago. Loss before income taxes was $2,626,000 compared to income before income taxes of $26,847,000 a year ago. Net loss was $2,626,000 or $0.01 per basic and diluted share, compared to net income of $26,847,000 or $0.1 per basic and diluted share, a year ago. Adjusted revenue was $110.325 million compared to $95.44 million a year ago. Adjusted net income was $10.23 million or $0.03 per basic and diluted share, compared to $4.85 million or $0.02 per basic and diluted share, a year ago. Adjusted EBITDAX was $62.985 million compared to $50.212 million a year ago.

For the quarter, the company reported natural gas of 20,343.3 MMcf compared to 19,381.6 MMcf a year ago; NGLs of 772.7 Mbbls compared to 665.0 Mbbls a year ago; Oil of 565.4 Mbbls compared to 454.1 Mbbls a year ago.

The company provided earnings and operating guidance for the second quarter and full year of 2018. The Company has also updated its second quarter and full year 2018 guidance as set forth. For the second quarter 2018, the company is expecting its natural gas in the range of 73% to 75%; NGLs in the range of 14% to 16%; Oil in the range of 10% to 12%.

For the full year of 2018, the company is expecting its natural gas in the range of 72% to 75%; NGLs in the range of 13% to 17%; Oil in the range of 10% to 13%. Established second quarter 2018 guidance and updated full year 2018 guidance including the reduction in the capital expenditure budget by approximately $60 million to now reflect approximately $250 million in estimated capital expenditures for the full year 2018. Guidance is based on excludes impact of hedges; excludes the cost of firm transportation; includes lease operating, transportation, gathering and compression, production and ad valorem taxes; and non-GAAP measure which excludes non-cash compensation.