Attached files
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8-K - FORM 8-K - SRC Energy Inc. | syrg_8k.htm |
This presentation may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "should," "likely" or similar expressions, indicates a forward-looking statement. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. The identification in this presentation of factors that may affect the company’s future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive.
All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company’s actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the success of the company’s exploration and development efforts; the price of oil and gas; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas; willingness and ability of third parties to honor their contractual commitments; the company’s ability to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company’s capital costs, which may be affected by delays or cost overruns; costs of production; environmental and other regulations, as the same presently exist or may later be amended; the company’s ability to identify, finance and integrate any future acquisitions; and the volatility of the company’s stock price.
mid-March 2015 - Start with Kiehn/Weis Pad
and then move to Geis Pad in May when the Lucerne II Plant is online
production by Aug 31st, 2015
SYNERGY RESOURCES CORPORATION |
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RECONCILIATION OF NON-GAAP FINANCIAL MEASURES |
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(unaudited, in thousands) |
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Three Months Ended |
Twelve Months Ended |
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Nov 30, |
Nov 30, |
Aug 31, |
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Aug 31, |
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ADJUSTED EBITDA |
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2014 |
2013 |
2014 |
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2013 |
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Net income |
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$ |
21,151 |
6,100 |
$ |
28,853 |
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$ |
9,581 |
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Depreciation, depletion, and amortization |
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16,454 |
5,591 |
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32,958 |
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13,336 |
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Income tax expense |
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11,744 |
3,387 |
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15,014 |
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6,870 |
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Stock based compensation |
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|
793 |
419 |
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2,968 |
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|
1,362 |
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Change in fair value - derivatives |
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(16,708) |
(2,636) |
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(2,459 |
) |
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2,649 |
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Interest Income / Expense |
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(31) |
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(82 |
) |
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50 |
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Adjusted EBITDA |
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$ |
33,434 |
12,830 |
$ |
77,252 |
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$ |
33,848 |