Mid-Con Energy Partners, LP reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2018. For the quarter, total revenues were $13,107,000 against $11,215,000 a year ago. Loss from operations was $1,713,000 against $6,294,000 a year ago. Net loss was $3,349,000 against $7,921,000 a year ago. Basic and diluted loss per share was $0.14 against $0.29 a year ago. Limited partners interest in net loss was $4,458,000 against $8,610,000 a year ago. Adjusted EBITDA was $7,475,000 against $3,899,000 a year ago.

For the nine months, total revenues were $31,132,000 against $46,176,000 a year ago. Loss from operations was $16,288,000 against $14,128,000 a year ago. Net loss was $20,622,000 against $18,678,000 a year ago. Limited partners interest in net loss was $23,682,000 against $20,731,000 a year ago. Basic and diluted loss per share was $0.78 against $0.69 a year ago. Net cash provided by operating activities was $16,133,000 against $13,903,000 a year ago. Acquisitions of oil and natural gas properties were $21,626,000 compared to $4,668,000 a year ago. Additions to oil and natural gas properties were $6,072,000 compared to $7,281,000 a year ago.

The company announced the average net daily production of 3,609 Boe/d against 3,500 Boe/d a year ago. On a daily basis, this represented a 23.0% increase sequentially and a 3.1% increase year-over-year. The sequential increase was primarily due to acquisitions in Oklahoma and Wyoming during the third quarter 2018. The year-over-year increase was primarily due to acquisitions during 2018, partially offset by the sale of its Southern Oklahoma assets in December 2017.

The company provided production and capital expenditure guidance for the Year 2018. For the year, Net production expected to be 3,200 Boe/d to 3,400 Boe/d. Production taxes expected to be in range of 6.50% to 7.00%, estimated capital expenditures of $8.7 million.