Roan Resources, Inc. Announces Fourth Quarter Highlights and 2019 Development Program Focused on Capital Discipline and Positive Free Cash Flow by the Fourth Quarter 2019
OKLAHOMA CITY
Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced its fourth quarter 2018 highlights and provided an initial overview of its 2019 development plan:
Roan Acreage Position
“Roan had a strong fourth quarter, with both production and capital expenditures within our guidance targets,” said Tony Maranto, Roan’s Chairman and Chief Executive Officer. “We have also achieved our objectives of building a best-in-class staff and becoming a NYSE-listed public company. Execution on these objectives position us well as we begin 2019.”
Mr. Maranto added, “Capital discipline remains at the forefront of our strategy as we plan for 2019, and as such, we are adjusting our development activity to limit outspend and allow for free cash generation by the end of the year, while still materially growing production year over year. Roan is a company uniquely focused on its shareholders and will modulate its activity levels to balance aggregate outspend, allowing for free cash generation by the end of the year. We are afforded this potential due to the strength of our asset quality, position of our credit profile and imbedded flexibility in our development activity. The fourth quarter results are a continued demonstration of the quality of our Merge acreage and the type of results we have been working towards all year.”
2019 Guidance
Fourth Quarter Release and Call Information
Roan will release fourth quarter 2018 and full-year 2018 results after the market close on Monday, March 18th, and host a conference call on Tuesday, March 19, 2019 at 11:00 a.m. ET (10:00 a.m. CT). Interested parties may listen to the conference call via webcast on the Company’s website at www.RoanResources.com under the “Investor Relations” section of the site or by phone:
Dial-in: 866-393-4306
International dial-in: 734-385-2616
Conference ID: 4598253
About Roan Resources
Roan is an independent oil and natural gas company headquartered in Oklahoma City, OK focused on the development, exploration and acquisition of unconventional oil and natural gas reserves in the Merge, SCOOP and STACK plays of the Anadarko Basin in Oklahoma. For more information, please visit www.RoanResources.com, where we routinely post announcements, updates, events, investor information, presentations and recent news releases.
