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Last $6.19 USD
Change Today +0.47 / 8.22%
Volume 27.0K
SPP On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
Berlin
Johannesburg
OTC US
OTC US
As of 4:15 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

sanchez production partners (SPP) Snapshot

Open
$5.80
Previous Close
$5.72
Day High
$6.68
Day Low
$5.58
52 Week High
09/10/14 - $40.70
52 Week Low
08/27/15 - $4.28
Market Cap
22.5M
Average Volume 10 Days
28.7K
EPS TTM
$-13.11
Shares Outstanding
3.1M
EX-Date
06/26/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SANCHEZ PRODUCTION PARTNERS (SPP)

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sanchez production partners (SPP) Details

Sanchez Production Partners LP focuses on the acquisition, development, and production of oil and natural gas properties, and other integrated assets in the United States. Its proved reserves are located in Gulf Coast in Texas and Louisiana. The company was founded in 2005 and is headquartered in Houston, Texas.

74 Employees
Last Reported Date: 03/5/15
Founded in 2005

sanchez production partners (SPP) Top Compensated Officers

Chief Financial Officer of Sanchez Production...
Total Annual Compensation: $350.5K
Compensation as of Fiscal Year 2013.

sanchez production partners (SPP) Key Developments

Sanchez Production Partners LP Announces Production and Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charges

Sanchez Production Partners LP announced production and earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s oil and liquids production increased to 36% of total production as compared to 19% in the first quarter, and accounted for approximately 65% of total second quarter sales revenue. Total production was 402 million boe against 383 million boe a year ago. Average daily production was 4,414 boe/d against 4,212 boe/d a year ago. Net realised price, including hedges was $35.65 per boe against $44.69 per boe a year ago. Net realised price, excluding hedges was $25.68 per boe against $41.60 per boe a year ago. For the six months, the company reported total production was 725 million boe against 755 million boe a year ago. Average daily production was 4,007 boe/d against 4,171 boe/d a year ago. Net realised price, including hedges was $35.59 per boe against $43.84 per boe a year ago. Net realised price, excluding hedges was $22.39 per boe against $41.05 per boe a year ago. For the quarter, the company’s total revenue includes revenue from sales of $10.3 million, of which approximately 65% was from oil and liquid sales and 35% was from natural gas sales; revenue from hedge settlements of about $4 million and revenue from services provided to third parties of $400,000. Revenue from sales and hedge settlements during the second quarter 2015, which totaled $14.3 million increased $2.8 million or approximately 25% when compared to the first quarter of 2015. Also included in the partnership's total revenue is $9.9 million in losses on mark-to-market activities, which is a noncash item that is excluded from results in arriving at adjusted EBITDA. The company reported second quarter 2015 adjusted EBITDA of $5.2 million, which compares to adjusted EBITDA of $4.9 million in the first quarter 2015 after the adjustments for nonrecurring items and $6.96 million a year ago. Total revenue was $4.78 million against $12.09 million a year ago. Net loss attributable to common shareholders was $10.86 million against $5.01 million a year ago. Basic and diluted loss per share was $3.49. Net debt as of June 30, 2015 was $100.77 million. For the six months, the company reported total revenue was $16.7 million against $23.83 million a year ago. Net loss attributable to common shareholders was $100.85 million against $7.95 million a year ago. Basic and diluted loss per share was $32.37. Adjusted EBITDA was $4.79 million against $13.99 million a year ago. For the quarter, the company reported asset impairment was $0.862 million against $0.045 million a year ago.

Sanchez Production Partners Seeks Acquisitions

Sanchez Production Partners LP (AMEX:SPP) says it targets growth through acquisition of gas producing assets involved in production, gathering and processing activities with an emphasis on assets and structure that exhibit a high fixed revenue component and a low maintenance capital requirement.

Sanchez Production Partners LP to Report Q2, 2015 Results on Aug 13, 2015

Sanchez Production Partners LP announced that they will report Q2, 2015 results on Aug 13, 2015

 

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Industry Analysis

SPP

Industry Average

Valuation SPP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 0.8x
TEV/Sales NM Not Meaningful
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