Ascent Resources reports Q1 net income of $85 million
Friday, May 15, 2020
Ascent Resources Utica Holdings recently reported a net income of $85 million and an adjusted net income of $36 million in the first quarter of 2020, according to Kallanish Energy.
In the same quarter a year prior, the company reported a net loss of $85 million and an adjusted net income of $79 million.
Additionally, Ascent reported its average net daily production during the first quarter of 2020 was 2,0009 mmcfe per day — a 14% increase over the same period in 2019.
Learn more: Kallanish Energy > Ascent Resources generates $85M in 1Q net income
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