Fracking-focused U.S. companies produce gas glut, not profits

Monday, 02 September 2019

The U.S. fracking sector “disappoints yet again” is the bleak verdict of IEEFA’s second quarter earnings review of oil and gas companies. Only 11 of the 29 scrutinized companies achieved positive free cash flows, and together they generated $26 million free cash flows – “ too little” to dent their $100 billion in long-term debt.


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