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Alta Mesa Resources delays release of Q1 report, reaffirms guidance.

Alta Mesa Resources provided an operations update, including a review of the company's first quarter production and operational performance for its wholly owned subsidiaries, Alta Mesa Holdings and Kingfisher Midstream. "As a result of the recent complex business combination, the company has determined additional time is required to complete the financial presentation of the predecessor and successor entities. Therefore, it will not release First Quarter 2018 financials today but expects to do so shortly," Alta Mesa stated. Total production for the first quarter of 2018 was 2,162 MBOE, or an average of 24.0 MBOE per day, up 24% compared to the first quarter of 2017. AMHLP production for 2018 is expected to average between 33 and 38 MBOE per day, the company stated.

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Publication:The Fly
Date:May 14, 2018
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