Rice is a natural gas producer in the Appalachia region, focusing on the Marcellus and Utica.
Rice Energy reported fourth-quarter production of 1,145 million cubic feet equivalent per day (99% natural gas). That pushed full-year volumes up to 831 mmcfe/d, which beat our estimate and was 4% above the top end of guidance as well. Consequently the firm's financial results were better than expected, too, with adjusted EBITDA of $197 million in the fourth quarter (13% higher than consensus estimates). Proved reserves increased 136% to 4 Tcfe (55% developed).Management has set the 2017 budget...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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