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home / news releases / LGCY - Legacy Reserves: Emerging From Bankruptcy Soon

LGCY - Legacy Reserves: Emerging From Bankruptcy Soon

Legacy Reserves

Legacy Reserves (LGCY) received confirmation of its reorganization plan in mid-November and expects to exit from Chapter 11 by mid-December. Despite shedding a considerable amount of debt via restructuring, Legacy may still face some challenges going forward due to weak natural gas prices. Part of the argument for Legacy before was that its mature assets could fund its horizontal Permian development. That plan was derailed earlier by Legacy's high debt load and interest costs. Now low natural gas prices threaten Legacy's ability to fund a two-rig program going forward.

Q3 2019 Results

Due

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Stock Information
Company Name: Legacy Reserves
Stock Symbol: LGCY
Market: NASDAQ
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