Sanchez Energy $SN Soars 10% After Earnings, Production Boost

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ThePitBoss
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Sanchez Midstream reported second quarter 2017 revenues of $25 million, rising from second quarter 2016 revenues of $12.3 million.

During the quarter, the Western Catarina system provided $14.2 million in revenue while $7.6 million came from production activity, $(1.9) million from hedge settlements and $(1.3) million from mark-to-market activity.

Sanchez Midstream reported that as of June 30, 2017 they had $178 million owed on their $215.6 million credit facility ($200 million elected commitment).

Additionally, Sanchez had $2 million in cash on hand at the end of the quarter.

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