Bellatrix Exploration Ltd. announces first quarter 2015 financial results
Press Releases
CALGARY, May 5, 2015 – Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces its financial and operating results for the three months ended March 31, 2015. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management’s Discussion and Analysis (the “MD&A”) for the three months ended March 31, 2015 and 2014. Bellatrix’s unaudited condensed consolidated financial statements and notes, and the MD&A are available on Bellatrix’s website at www.bellatrixexploration.com, and are filed on SEDAR at www.sedar.com.
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FIRST QUARTER 2015 HIGHLIGHTS |
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Three months ended March 31, |
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2015 |
2014 |
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SELECTED FINANCIAL RESULTS |
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(CDN$000s except share and per share amounts) |
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Total revenue (2) |
90,186 |
163,585 |
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Funds flow from operations (2) |
24,858 |
77,642 |
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Per basic share (2) (3) |
$0.13 |
$0.45 |
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Per diluted share (2) (3) |
$0.13 |
$0.45 |
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Cash flow from operating activities |
22,553 |
84,300 |
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Per basic share (3) |
$0.12 |
$0.49 |
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Per diluted share (3) |
$0.12 |
$0.48 |
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Net profit (loss) |
(12,688) |
25,167 |
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Per basic share (3) |
($0.07) |
$0.15 |
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Per diluted share (3) |
($0.07) |
$0.14 |
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Capital – exploration and development |
81,344 |
152,686 |
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Capital – corporate assets |
1,154 |
2,956 |
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Property acquisitions |
701 |
260 |
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Capital expenditures – cash |
83,199 |
155,902 |
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Property dispositions – cash |
(20) |
(39) |
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Total net capital expenditures – cash |
83,179 |
155,863 |
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Other non-cash items |
7,475 |
4,990 |
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Total capital expenditures – net (2) |
90,654 |
160,853 |
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Long-term debt |
623,380 |
335,118 |
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Adjusted working capital deficiency (2) |
73,068 |
137,970 |
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Total net debt (2) |
696,448 |
473,088 |
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Total assets |
2,264,748 |
1,707,929 |
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Total shareholders’ equity |
1,237,216 |
933,670 |
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Read More: http://www.bellatrixexploration.com/news/news-single?id=122681
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