Mid-Con Energy Partners, LP Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2018; Announces Impairment for the Fourth Quarter Ended December 31, 2018; Provides Operating Guidance for the Full Year of 2019
For the year, the company reported total revenues of $72,788,000 compared to $56,984,000 a year ago. Loss from operations was $12,241,000 compared to $20,895,000 a year ago. Net loss was $18,253,000 compared to $27,333,000 a year ago. Limited partners' interest in net loss was $22,495,000 compared to $30,072,000 a year ago. Limited partners' net loss per basic and diluted unit was $0.74 against $0.99 a year ago.
For the quarter, the company reported average net daily production of 3,663,000 Boe/d compared to 3,359,000 Boe/d a year ago.
For the year, the company reported average net daily production of 3,255,000 Boe/d compared to 3,510,000 Boe/d a year ago.
For the quarter, the company reported impairment of proved oil and natural gas properties was $21,450,000.
The company provided operating guidance for the full year of 2019. For the year, the company expects net production of 3,400 Boe/d to 3,800 Boe/d.