YGRAF - Yangarra Resources GAAP EPS of $0.35 revenue of $68.5M
- Yangarra Resources press release ( OTCPK:YGRAF ): Q2 GAAP EPS of $0.35.
- Revenue of $68.5M (+139.6% Y/Y).
- Adjusted EBITDA (which excludes changes in derivative financial instruments) was $52.1 million ($0.60 per share - basic), an increase of 164% from the same period in 2021
- Net income of $30.6 million ($0.35 per share – basic, $40.9 million before tax), an increase of 295% from the same period in 2021
- Average production of 10,554 boe/d (42% liquids) during the quarter, a 29% increase from the same period in 2021
- Operating costs were $7.19/boe (including $1.24/boe of transportation costs)
- Field operating netbacks were $58.34/boe
- Operating netbacks, which include the impact of commodity contracts, were $55.52/boeOperating margins were 78% and funds flow from operations margins were 73%
- G&A costs of $1.06/boe
- Royalties were 8% of oil and gas revenue
- All in cash costs were $16.54/boe
- Capital expenditures were $27.0 million
- Adjusted net debt (which excludes the current derivative financial instruments) was $155.4 million
- Adjusted net debt to second quarter annualized funds flow from operations was 0.78 : 1
- Retained earnings of $212 million.
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Yangarra Resources GAAP EPS of $0.35, revenue of $68.5M