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MR Reports Stronger Than Expected 2Q19 Results; Reaffirms Recently Reduced Capex But Raises Full Year Guidance on Strong Well Results and Efficiencies, Lowers Unit Cost Guidance ... should bounce.
The 2Q19 Numbers:
MR had previously announce better than guidance volumes; they came 4% above the top end of the guidance range and 5% above the Street.
Capital expenditures of $115 mm (below plan) (below EBITDA of $71 but improving);