Jones Energy, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total operating revenues of $65,255,000 compared to $48,626,000 for the same period last year. Operating loss was $4,923,000 compared to $172,565,000 for the same period last year. Loss before income tax was $52,349,000 compared to $136,214,000 for the same period last year. Net loss was $46,931,000 compared to $133,978,000 for the same period last year. Net loss attributable to common shareholders was $43,478,000 compared to $84,182,000 for the same period last year. Basic and diluted loss attributable to common shareholders was $0.47 as compared to $1.28 for the same period last year. EBITDAX was $29,717,000 as compared to $48,271,000 for the same period last year. Adjusted net loss was $28,683,000 compared to income of $4,697,000 for the same period last year. Adjusted net loss attributable to common shareholders was $26,987,000 compared to adjusted net income attributable to common shareholders of $6,722,000 for the same period last year. Capital expenditure was $47.1 million.

For the period, the company reported total operating revenues of $122,744,000 compared to $89,859,000 for the same period last year. Operating loss was $13,681,000 compared to $186,072,000 for the same period last year. Loss before income tax was $84,261,000 as compared to $139,708,000 for the same period last year. Net loss was $75,851,000 as compared to $137,493,000 for the same period last year. Net loss attributable to common shareholders was $70,807,000 compared to $87,596,000 for the same period last year. Basic and diluted loss attributable to common shareholders was $0.77 as compared to $1.37 for the same period last year. EBITDAX was $59,543,000 compared to $101,586,000 for the same period last year. Net cash provided by operations was $46,812,000 compared to $21,478,000 for the same period last year. Acquisition of other property, plant and equipment was $71,000 compared to $436,000 for the same period last year. Additions to oil and gas properties were $114,832,000 compared to $107,250,000 for the same period last year.

For the third quarter, the company provides production guidance of 1.8 MMBoe to 2.0 MMBoe, or 19,500 Boe/d to 21,700 Boe/d.