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More on Linn Energy (LINE) Q2: net profit slips ever so slightly to $237.09M. Production +76% to...

  • Thursday, July 26, 2012, 8:05 AM ET
    More on Linn Energy (LINE) Q2: net profit slips ever so slightly to $237.09M. Production +76% to 630M cubic feet/day. Says weak NGL prices will hurt FY earnings, although this should be offset by recent acquisitions and a shift to oil drilling. Forecasts the mid-point of FY adjusted EBITDA at $1.35B, and a distribution coverage ratio of ~1.10X for H2.
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This news story has 2 comments:

  •  
    I thought they were 100% hedged on current year production?
    26 Jul 2012, 09:51 AM Reply Like
  •  
    Destin, I THINK they're 100% hedged on oil and natural gas, but NOT on natural gas liquids. IMHO.
    26 Jul 2012, 12:26 PM Reply Like
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