Market Overview

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

Related LRE
Mid-Afternoon Market Update: Trina Solar Drops After Quarterly Results; Tetraphase Pharmaceuticals Shares Spike Higher
Mid-Afternoon Market Update: Covance Surges After LabCorp Deal; American Realty Capital Shares Slide

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters