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Last $9.62 USD
Change Today +0.35 / 3.78%
Volume 1.4M
VNR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

vanguard natural resources (VNR) Snapshot

Open
$9.27
Previous Close
$9.27
Day High
$10.13
Day Low
$9.01
52 Week High
09/18/14 - $29.64
52 Week Low
08/24/15 - $5.50
Market Cap
837.2M
Average Volume 10 Days
1.3M
EPS TTM
$-2.37
Shares Outstanding
86.6M
EX-Date
08/28/15
P/E TM
--
Dividend
$1.41
Dividend Yield
19.44%
Current Stock Chart for VANGUARD NATURAL RESOURCES (VNR)

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vanguard natural resources (VNR) Details

Vanguard Natural Resources, LLC, through its subsidiaries, acquires and develops oil and natural gas properties in the United States. It owns properties, and oil and natural gas reserves primarily located in nine operating basins, including the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; the Gulf Coast Basin in Texas, Louisiana, and Mississippi; the Wind River Basin in Wyoming; the Williston Basin in North Dakota and Montana; the Green River Basin in Wyoming; and the Powder River Basin in Wyoming. As of December 31, 2014, the company had total estimated proved reserves of 2,031.3 million barrels of oil equivalent, as well as owned working interests in 9,759 gross productive wells and approximately 870,140 gross undeveloped acres. Vanguard Natural Resources, LLC was founded in 2006 and is headquartered in Houston, Texas.

260 Employees
Last Reported Date: 03/2/15
Founded in 2006

vanguard natural resources (VNR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $687.5K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $562.5K
Executive Vice President of Operations
Total Annual Compensation: $495.7K
Compensation as of Fiscal Year 2014.

vanguard natural resources (VNR) Key Developments

Vanguard Seeks Acquisitions

Vanguard Natural Resources, LLC (NasdaqGS:VNR) is looking for acquisitions. The company said that it will be conservative in their approach towards acquisitions in the near term.

Vanguard Natural Resources, LLC Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charge on Oil and Natural Gas Properties for the Second Quarter Ended June 30, 2015; Provides Capital Expenditures Guidance for the Third Quarter of 2015 and the Remainder of the Year 2015

Vanguard Natural Resources, LLC announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported average production of 368 MMcfe per day against 315 MMcfe per day a year ago. Total production volumes were 33,514 MMcfe against 28,664 MMcfe a year ago. For the six months, the company reported average production of 381 MMcfe per day against 292 MMcfe per day a year ago. Total production volumes were 69,003 MMcfe against 52,786 MMcfe a year ago. For the second quarter, the company reported impairment charge on oil and natural gas properties of $733.365 million. For the quarter, the company reported net loss attributable to common and class B unit holders was $800.335 million against $9.333 million a year ago. Adjusted net loss attributable to common and class B unit holders was $6.597 million or $0.07 per unit against adjusted net income attributable to common and class B unit holders of $21.965 million or $0.27 per unit a year ago. Adjusted EBITDA was $90.579 million against $97.690 million a year ago. Estimated maintenance capital expenditures were $27.031 million against $31.337 million a year ago. Distributable cash flow available to common and class B unit holders decreased to $35.494 million or $0.41 per unit from the $46.143 million or $0.57 per unit generated in the second quarter of 2014 and increased 10% from the $32.4 million generated in the first quarter of 2015. Total capital expenditures for the drilling, capital work-over and recompletion of oil and natural gas properties were approximately $27.0 million in the second quarter of 2015 compared to $36.4 million for the comparable quarter of 2014 and $25.1 million for the first quarter of 2015. Capital spending in the second quarter of 2015 included only maintenance capital expenditures. For the second quarter of 2014, capital spending included maintenance capital expenditures of approximately $31.3 million and growth capital expenditures of $5.1 million primarily associated with the Pinedale acquisition in the Green River Basin. Net loss was $793.645 million against $4.737 million a year ago. For the six months, the company reported net loss attributable to common and class B unit holders was $925.855 million against net income attributable to common and class B unit holders of $3.825 million a year ago. Adjusted net income attributable to common and class B unit holders were $11.389 million or $0.13 per unit against $46.568 million or $0.59 per unit a year ago. Adjusted EBITDA was $175.918 million against $187.552 million a year ago. Estimated maintenance capital expenditures were $52.100 million against $60.151 million a year ago. Distributable cash flow available to common and class B unit holders for the first six months of 2015 decreased 23% to $67.895 million or $0.79 per unit from the $87.980 million or $1.09 per unit generated in the first six months of 2014. Total capital expenditures were approximately $52.1 million for the first six months of 2015 compared to $67.7 million in the comparable period of 2014. Net loss was $912.475 million against net income of $10.383 million a year ago. The company currently anticipates a total capital expenditures budget for the remainder of 2015 to range between $57.0 million and $61.0 million, with approximately 67% ($38.2 million to $40.9 million) of the remaining capital expenditures being spent in the third quarter of 2015, excluding any potential future acquisitions. The company expects to spend approximately 39% ($22.2 million to $23.8 million) of the remaining 2015 capital budget in the Gulf Coast Basin on the East Haynesville assets drilling both vertical and horizontal wells. Additionally, the company expects to spend approximately 37% ($21.1 million to $22.6 million) of the remaining 2015 capital budget on activities in the Green River Basin where the company will participate as a non-operated partner in the drilling and completion of vertical natural gas wells. The balance of the remaining 2015 budget ($13.7 million to $14.6 million) is related to maintenance activities in its other operating areas. The potential impact of the LRE Merger and Eagle Rock Merger is not included in the total capital expenditures.

Vanguard Natural Resources, LLC to Report Q2, 2015 Results on Aug 03, 2015

Vanguard Natural Resources, LLC announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 03, 2015

 

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VNR Competitors

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Industry Analysis

VNR

Industry Average

Valuation VNR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 3.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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