Jones Energy, Inc. announces unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total operating revenues of $48,626,000 compared to $29,144,000 for the same period last year. Operating loss was $186,435,000 compared to $26,765,000 for the same period last year. Loss before income tax was $147,751,000 compared to $71,034,000 for the same period last year. Net loss was $145,332,000 compared to $58,646,000 for the same period last year. Net loss attributable to common shareholders was $91,205,000 compared to $23,245,000 for the same period last year. Basic and diluted loss attributable to common shareholders was $1.39 as compared to $0.69 for the same period last year. EBITDAX was $148,271,000 as compared to $46,236,000 for the same period last year. Adjusted net income was $5,670,000 compared to loss $5,723,000 for the same period last year. Adjusted net income attributable to common shareholders was $7,695,000 compared to adjusted net loss attributable to common shareholders of $2,775,000 for the same period last year. Adjusted basic and diluted earnings per share were $0.12 compared to adjusted basic and diluted loss per share of $0.08 a year ago.

For the six months, the company reported total operating revenues of $489,859,000 compared to $55,002,000 for the same period last year. Operating loss was $199,942,000 compared to $60,846,000 for the same period last year. Loss before income tax was $151,245,000 as compared to $11,817,000 for the same period last year. Net loss was $148,847,000 as compared to $10,132,000 for the same period last year. Net loss attributable to common shareholders was $94,619,000 compared to $4,334,000 for the same period last year. Basic and diluted loss attributable to common shareholders was $1.48 as compared to $0.13 for the same period last year. EBITDAX was $101,586,000 compared to $97,317,000 for the same period last year. Net cash provided by operations was $21,478,000 compared to $6,000,000 for the same period last year. Acquisition of other property, plant and equipment was $436,000. Additions to oil and gas properties were $107,250,000 compared to $27,592,000,000 for the same period last year.

For the quarter, the company announced impairment of oil and gas properties of $161,886,000.

The company provided production guidance for the year 2017. The company is incorporating the recent Arkoma Basin divestiture and updated capital plan into its updated full year 2017 guidance. The company now projects an average daily production of 20,700 to 22,000 Boe/d for full year 2017, which is an increase in guidance net of the divested Arkoma Basin assets which were producing 3.0 MBoe/d. Initial third quarter 2017 guidance of 20,000 to 21,000 Boe/d has also been announced.