Report
Dave Meats
EUR 101.80 For Business Accounts Only

Rice Reports Encouraging Production But Fair Value Unchanged Due to Pending Merger

 
Rice Energy’s second quarter financial results were mixed, with adjusted EBITDA and adjusted earnings per share coming in at $223 million and $0.20 respectively (consensus estimates were $243 million and $0.13). The firm delivered production of 1,354 mmcfe/d in the second quarter, which was 6% higher sequentially and 79% higher year-over-year. This compares favorably with our forecast of 1,262 mmcfe/d. However, management's guidance for full-year production was not updated due to the pending $...
Underlying
Rice Energy Inc.

Provider
Morningstar
Morningstar

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.

Analysts
Dave Meats

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