Bellatrix Exploration Ltd. announced unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenue of CAD 51,525,000 against CAD 48,153,000 a year ago. Adjusted funds flow was CAD 7,705,000 or CAD 0.12 per diluted share against CAD 8,300,000 or CAD 0.17 per diluted share a year ago. Cash flow from operating activities was CAD 7,617,000, CAD 0.12 per diluted share against CAD 23,031,000, CAD 0.47 per diluted share a year ago. Net loss was CAD 8,882,000 or CAD 0.14 per diluted share against CAD 22,124,000 or CAD 0.45 per diluted share a year ago. Total capital expenditures – net was CAD 2,716,000 compared to CAD 18,421,000 a year ago.

For the nine months, the company reported total revenue of CAD 171,762,000 against CAD 188,502,000 a year ago. Adjusted funds flow was CAD 32,517,000 or CAD 0.59 per diluted share against CAD 42,540,000 or CAD 0.86 per diluted share a year ago. Cash flow from operating activities was CAD 34,236,000, CAD 0.62 per diluted share against CAD 41,785,000, CAD 0.85 per diluted share a year ago. Net loss was CAD 56,551,000 or CAD 1.02 per diluted share against CAD 78,310,000 or CAD 1.59 per diluted share a year ago. Total capital expenditures – net was CAD 31,430,000 compared to CAD 38,872,000 a year ago. Total net debt was CAD 418,818,000 as on September 30, 2018 against CAD 399,832,000 as on September 30, 2017.

For the quarter, the company reported crude oil, condensate and NGLs of 9,275 bbl per day against 9,342 bbl per day a year ago. Natural gas was 145,527 mcf per day against 170,210 mcf per day a year ago. Total oil equivalent was 33,530 boe per day against 37,710 boe per day a year ago.

For the nine months, the company reported crude oil, condensate and NGLs of 9,739 bbl per day against 9,054 bbl per day a year ago. Natural gas was 156,654 mcf per day against 166,492 mcf per day a year ago. Total oil equivalent was 35,848 boe per day against 36,803 boe per day a year ago.

For the full year of 2018, the company revised production guidance average daily production to be in the range of 35,000 boe/d to 35,500 boe/d compared previous guidance of 34,000 boe/d to 35,500 boe/d. Natural gas average product mix was 73% compared to previous guidance of 74%. Crude oil, condensate and NGLs average product mix was 27% compared to 26% a year ago.

For the full year 2018, the company revised total net capital expenditures guidance in the range of CAD 50,000,000 to CAD 55,000,000 compared to previous guidance of CAD 50,000,000 to CAD 60,000,000.