Edition:
India

Carrizo Oil & Gas Q3 Adjusted Non-GAAP EPS $0.94 Excluding Items


Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES THIRD QUARTER RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.94 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.80 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE $0.85.INCREASING 2018 PRODUCTION GUIDANCE TO 60,200-60,500 BOE/D FROM 58,700-60,100 BOE/D.QTRLY TOTAL PRODUCTION OF 64,627 BOE/D, 17% ABOVE Q3 OF 2017.QTRLY CRUDE OIL PRODUCTION OF 40,813 BBLS/D, 17% ABOVE Q3 OF 2017.FOR 2018, CARRIZO IS MAINTAINING ITS DRILLING, COMPLETION, AND INFRASTRUCTURE CAPITAL EXPENDITURE GUIDANCE OF $800-$825 MILLION.CRUDE OIL IS EXPECTED TO ACCOUNT FOR 64%-65% OF COMPANY'S PRODUCTION FOR YEAR.CARRIZO OIL & INC - REMAIN ON TRACK TO ACHIEVING A FREE CASH FLOW POSITIVE INFLECTION POINT DURING 2019.