Market Overview

LRE Energy Raises Qtr. Distribution to $0.48/Share; Offers Production Guidance

Share:
Related LRE
Mid-Afternoon Market Update: Dot Hill Jumps On Acquisition News; Canadian Solar Shares Decline
Lower Oil? No Problem For These Stocks
M&A Daily: Mao For Capitalists (Seeking Alpha)

LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the fourth quarter of 2012 of $0.4800 per outstanding unit, or $1.92 on an annualized basis. The distribution will be paid on February 14, 2013, to all unitholders of record as of the close of business on January 30, 2013.

2013 Guidance

Based on current estimates, and assuming no future acquisitions, our 2013 guidance is as follows:

                      2013 Guidance Daily Production (Boe/d) 6,200 - 6,500   LOE ($/Boe) $10.00 - $10.50   Capital Expenditures ($MM) $26  

Posted-In: News Guidance Dividends

 

Related Articles (LRE)

Get Benzinga's Newsletters