Frontera Energy (OTCPK:FECCF) Press Release: Fourth Quarter GAAP EPS of $1.04.
Turnover equal to 232.22 million dollars (-2.3% y/y).
Operating EBITDA was $121.0 million in the fourth quarter of 2023 compared to $137.8 million in the prior quarter and $145.0 million in the fourth quarter of 2022.
Cash provided by operating activities in the fourth quarter of 2023 was $73.4 million, compared to $154.0 million in the prior quarter and $138.3 million in the fourth quarter of 2022.
Production averaged 39,267 boe/d in Q4 2023 (including 23,002 bbl/d heavy crude oil, 13,795 bbl/d light and medium crude oil combined, 4,760 MMcf/d conventional natural gas and 1,635 boe/d of natural oil gas liquids) compared to 40,802 boe/d in the previous quarter and 41,806 boe/d in the fourth quarter of 2022.
Capital expenditures were approximately $82.3 million in the fourth quarter of 2023, compared to $74.1 million in the prior quarter and $134.2 million in the fourth quarter of 2022.