Bellatrix Exploration Ltd. announces first quarter 2015 financial results

Bellatrix Exploration Ltd. announces first quarter 2015 financial results

by ahnationtalk on May 5, 2015441 Views

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.

FIRST QUARTER 2015 HIGHLIGHTS

Three months ended March 31,

2015

2014

SELECTED FINANCIAL RESULTS

(CDN$000s except share and per share amounts)

Total revenue (2)

90,186

163,585

Funds flow from operations (2)

24,858

77,642

Per basic share (2) (3)

$0.13

$0.45

Per diluted share (2) (3)

$0.13

$0.45

Cash flow from operating activities

22,553

84,300

Per basic share (3)

$0.12

$0.49

Per diluted share (3)

$0.12

$0.48

Net profit (loss)

(12,688)

25,167

Per basic share (3)

($0.07)

$0.15

Per diluted share (3)

($0.07)

$0.14

Capital – exploration and development

81,344

152,686

Capital – corporate assets

1,154

2,956

Property acquisitions

701

260

Capital expenditures – cash

83,199

155,902

Property dispositions – cash

(20)

(39)

Total net capital expenditures – cash

83,179

155,863

Other non-cash items

7,475

4,990

Total capital expenditures – net (2)

90,654

160,853

Long-term debt

623,380

335,118

Adjusted working capital deficiency (2)

73,068

137,970

Total net debt (2)

696,448

473,088

Total assets

2,264,748

1,707,929

Total shareholders’ equity

1,237,216

933,670

Read More: http://www.bellatrixexploration.com/news/news-single?id=122681

AB2

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More