Jones Energy Inc.

AUSTIN, Texas, July 17, 2018 -- Jones Energy Inc. today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock . If paid, the dividend will be paid in the Company’s Class A common stock. The [...]

AUSTIN, Texas, July 02, 2018 -- Jones Energy Inc. today announced that the Audit Committee of the Company’s Board of Directors selected Grant Thornton LLP to serve as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2018. Mr. Robert Brooks, Executive Vice President and Chief Financial Officer, commented, “We chose Grant Thornton for their [...]

AUSTIN, Texas, July 02, 2018 -- Jones Energy Inc. today announced that on June 27, 2018 the Company amended the credit agreement governing its senior secured revolving credit facility resulting in the following changes: Reduced the Company’s borrowing base from $50 million to $25. Aligned the covenants contained in the credit agreement with those contained in the indenture governing the Company’s 9.25% senior [...]

AUSTIN, Texas, May 22, 2018 -- Jones Energy Inc. announced today following its annual meeting of stockholders that the nominees for election of Class II Directors, Mike S. McConnell and Hal S. Washburn, have been elected. Secondly, the proposal to amend the Company’s Amended and Restated Certificate of Incorporation permitting the Company to effect a reverse stock split of the Class A common stock and the Class B [...]

AUSTIN, Texas, May 14, 2018 -- Jones Energy Inc. today announced that the previously declared contingent dividend payment on the Company’s 8% Series A Perpetual Convertible Preferred Stock will not be paid. The foregone dividend is for the period beginning on the last payment date of February 15, 2018 through May 14, 2018, payable to holders of Preferred Stock of record as of May 1, 2018. As a reminder, the Company [...]

AUSTIN, Texas, May 02, 2018 -- Jones Energy Inc. today announced financial and operating results for the quarter ended March 31, 2018. Highlights Net loss for the first quarter of 2018 of $28.9 million, or a loss of $0.30 per share, non-GAAP adjusted net loss of $30.3 million, or $0.32 per share, and EBITDAX of $29.8 million.1 Management and the Board of Directors are reevaluating the Company’s financial, operating [...]

AUSTIN, Texas, April 17, 2018 -- Jones Energy Inc. today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock . If paid, the dividend will be paid using the Company’s Class A common stock [...]

AUSTIN, Texas, March 28, 2018 -- Jones Energy Inc. today announced that it received notification on March 23, 2018 from the New York Stock Exchange that the Company was noncompliant with certain continued listing standards because the price of the Company’s Class A common stock over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required [...]

AUSTIN, Texas, Feb. 27, 2018 -- Jones Energy Inc. today announced financial and operating results for the quarter and full year ended December 31, 2017. Highlights Bone 2H Meramec well achieved peak IP30 rate of 1,255 Boe/d which is 287 Boe/d per 1,000’ of lateral . This well set a new Company record for highest peak IP30 oil rate achieved in the Merge. Two Meramec wells on recent Gamble pad achieved average peak [...]

AUSTIN, Texas, Feb. 23, 2018 -- Jones Energy Inc. announced today that it plans to release its fourth quarter and full year 2017 financial and operational results on Tuesday, February 27, 2018 after the market closes. In connection with the earnings release, Jones Energy will host a conference call for investors and analysts to discuss its results on Wednesday, February 28, 2018 at 10:30 a.m. ET . The conference call can [...]