Arandkei
$EPM —
Management entered Q4 with a specific production thesis on paper:
300 BOE/d of storm losses almost fully restored,
100 net BOE/d from TexMex workovers,
new wells across SCOOP/STACK and Haynesville awaiting data.
Q4 production landed at 6,901 BOE/d, up 3% sequentially.
The TexMex workover didn't close until July.
The 24-well Haynesville data commitment got replaced with a new inventory count.
What did show:
the $5.8M hedge reversal Loyd called in May, oil at $90.74/bbl before settlements (+49% YoY), NGLs at $32.49/bbl (+27%).
Revenue +20% sequentially.
EBITDA more than doubled, driven by price, not volume.
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