Mid-Con Energy Partners Q3 Net Swings to Loss; Shares Unchanged Late

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Mid-Con Energy Partners ( MCEP ) announced Q3 revenue of $16.26 mln, slightly below the $16.39 mln Capital IQ analyst consensus figure, and reported a net loss of $1.1 million.

MCEP also said that during Q3 it increased average production 48% to 1,913 barrels of oil equivalent per day, compared to average production of 1,293 per day in the Q3 of 2011. Adjusted EBITDA rose 79% to $11.8 million in the Q3 of 2012 compared to $6.6 million in the same period in 2011.

MCEP shares are flat late at $21.33.

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This article appears in: Investing , Commodities

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