This week, Durig Capital takes an updated look at an oil and gas producer whose focus is primarily in the Permian Basin in Texas. Legacy Reserves has recently made the successful transition from master limited partnership to C-corporation. In addition, the company posted another excellent quarter for Q3.
Production increased by 31% (year-over-year).
Revenue increase of 36% over the prior year period.
Adjusted EBITDA increased by 33% as compared to Q3 2017.