CA - Southern Energy GAAP EPS of $0.03 revenue of $10.31M
- Southern Energy press release ( OTCPK:MAXMF ): Q2 GAAP EPS of $0.03.
- Revenue of $10.31M (+175.7% Y/Y).
- $3.6M of adjusted funds flow from operations in Q2 2022, an increase of 490% from the same period in 2021.
- Q2 2022 average production of 14,169 Mcfe/d (2,362 boe/d) (95% natural gas), which included only a partial month of June from the three new Gwinville wells, an increase of 14% from the same period in 2021.
- Exited Q2 2022 with Net Debt of $12.8M, and Net Debt to annualized Adjusted Funds Flow from Operations of 0.9x.
- Average realized oil and natural gas prices for Q2 2022 of $109.01/bbl and $7.53/Mcf, respectively, reflecting the benefit of strategic access to premium-priced US sales hubs.
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Southern Energy GAAP EPS of $0.03, revenue of $10.31M