Production of 20,992 boe/d was in line with our estimates of 20,717 boe/d and consensus of 20,762 boe/d. Cash flow in the quarter of $44.4 mm ($0.24/shr dil) was slightly ahead of our estimate of $42.1 mm ($0.22/shr dil) and consensus of $43.2 mm. With year-to-date cash flow of $148.4mm, capex of $96.7mm and $22.5mm of cash dividends paid out, TOG has a year to date all-in payout ratio (ex. acquisitions) of only 80%. Net debt at quarter-end was $259.1 mm (1.5x annualized 3Q CF) and $205.3 mm
03 Nov 2017
3Q17 results; 2018 guidance expected in midDecember
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3Q17 results; 2018 guidance expected in midDecember
- Published:
03 Nov 2017 -
Author:
Stacey E. McDonald -
Pages:
7
Production of 20,992 boe/d was in line with our estimates of 20,717 boe/d and consensus of 20,762 boe/d. Cash flow in the quarter of $44.4 mm ($0.24/shr dil) was slightly ahead of our estimate of $42.1 mm ($0.22/shr dil) and consensus of $43.2 mm. With year-to-date cash flow of $148.4mm, capex of $96.7mm and $22.5mm of cash dividends paid out, TOG has a year to date all-in payout ratio (ex. acquisitions) of only 80%. Net debt at quarter-end was $259.1 mm (1.5x annualized 3Q CF) and $205.3 mm