LGCY - Legacy Reserves Inc.

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
535,879,008.00
-2.29 (-0.00%)
At close: 6:07PM EDT
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Previous Close0.06
Open0.05
Bid0.00 x 1000
Ask0.00 x 3100
Day's Range0.04 - 0.05
52 Week Range0.01 - 5.85
Volume38,268,042
Avg. Volume16,341,622
Market Cap61,525.875T
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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All
News
Press Releases
  • PR Newswirelast month

    Legacy Reserves Inc. Files For Chapter 11 Protection To Facilitate Negotiated Financial Restructuring

    The Company intends to operate in the ordinary course of business during the chapter 11 cases, and has filed a number of customary "first day" motions to enable the Company's operations to continue as usual.  Specifically, the Company requested authority, among other things, to pay in full on a normal-course basis employee wages and honor existing employee benefit programs, vendors and other operating expenses, joint interest billings for non-operated properties, and royalties to mineral interest owners under terms of applicable agreements. As previously announced, the Company has received a commitment for $350 million in debtor-in-possession ("DIP") financing that, subject to court approval, will refinance portions of the Company's existing reserve-based credit facility and, when combined with cash from operations, will provide ample liquidity to support the Company's continuing business operations during the chapter 11 cases.

  • PR Newswirelast month

    Legacy Reserves Inc. Reaches Global Restructuring Agreement With RBL Lenders, Second Lien Lenders And Noteholder Group

    MIDLAND, Texas , June 14, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that its board of ...

  • PR Newswirelast month

    Legacy Reserves Inc. Reaches Third Forbearance Agreement With RBL And Second Lien Lenders

    MIDLAND, Texas , June 13, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company ...

  • PR Newswirelast month

    Legacy Reserves Inc. Reaches Agreement With RBL And Second Lien Lenders On Terms Of Financial Restructuring

    MIDLAND, Texas , June 11, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that its board of ...

  • PR Newswire2 months ago

    Legacy Reserves Inc. Reaches Second Forbearance Agreement With RBL And Second Lien Lenders

    MIDLAND, Texas , June 7, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company ...

  • PR Newswire2 months ago

    Legacy Reserves Inc. Reaches Forbearance Agreement With RBL And Second Lien Lenders

    MIDLAND, Texas , June 1, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company ...

  • PR Newswire2 months ago

    Baines Creek Announces Intent to Withhold Votes at Legacy Reserves Annual Meeting to Send Strong Statement of Discontent with the Status Quo

    Disappointed by the Board's Apparent Disregard for Stockholder Democracy Concerned by the Status Quo of Continued Value Destruction AUSTIN , May 31, 2019 /PRNewswire/ -- Baines Creek Capital, LLC, an Austin ...

  • PR Newswire2 months ago

    Legacy Reserves Inc. Announces First Quarter 2019 Results

    MIDLAND, Texas , May 9, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) today announced 2019 first quarter results including the following highlights: Generated quarterly oil ...

  • PR Newswire3 months ago

    Legacy Reserves Discloses That Director Nomination Notice From Baines Creek Is Invalid

    MIDLAND, Texas, April 9, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy" or the "Company") (LGCY) today disclosed that Baines Creek Partners, L.P.'s ("Baines Creek") notice of director nominations for the Company's 2019 Annual Meeting is invalid for failure to comply with the requirements set forth in Legacy's bylaws. Legacy's bylaws were established for the protection of the Company and all of its stockholders.

  • PR Newswire4 months ago

    Legacy Reserves Unsecured Bond Holder, Aedes LLC, Retains Outside Counsel and Surveys Bond Class

    WILMINGTON, Del., March 26, 2019 /PRNewswire/ -- Aedes LLC, a Delaware limited liability company, announced today that it has retained outside counsel in relation to its investment in the unsecured bonds of Legacy Reserves (LGCY) ("Legacy").  On March 13, 2019, Legacy  issued a press release stating "Legacy Reserves Inc. Announces Review of Strategic Alternatives." The press release explained that Legacy has retained legal and financial advisors to explore its strategic alternatives and invited proposals from interested stakeholders as well as interested outside parties. As such proposals have a high probability of impacting the holders of Legacy's unsecured bonds, Aedes retained counsel with a high degree of expertise in restructuring matters to guide it during this period.  Aedes hopes for a transparent process that takes into account the legitimate interests of all holders of Legacy's unsecured bonds.  Other proposals in the E&P space have occasionally contained plan elements that prevent the full participation by all bond holders.  Such limitations can stem from preferential plan elements, exclusive financings or technical specifications of new instruments which limit participation.

  • PR Newswire4 months ago

    Legacy Reserves Inc. Announces Fourth Quarter and Annual 2018 Results; Proved Reserves; 2019 Capital Budget; Credit Agreement Update and Strategic Alternatives; Director Transition

    MIDLAND, Texas , March 18, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ: LGCY) today announced the 2018 fourth quarter and year-end results. These results are subject to the completion ...

  • PR Newswire4 months ago

    Legacy Reserves Inc. Announces Review of Strategic Alternatives

    MIDLAND, Texas, March 13, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (LGCY) today announced that it is evaluating and exploring potential strategic alternatives. Legacy continues to work with the administrative agent and the other lenders under its Revolving Credit Facility to extend the maturity of the Facility. Legacy has engaged Tudor Pickering & Holt L.P. and Perella Weinberg Partners L.P. as financial advisors, and Sidley Austin LLP as outside legal counsel.

  • PR Newswire5 months ago

    Legacy Reserves Inc. Announces New Chief Financial Officer

    Mr. Norris has over 15 years of experience in the energy industry. Prior to joining Legacy, Mr. Norris served as a Principal at The Catalyst Group, an Austin-based private equity fund, where he was responsible for sourcing and evaluating potential investment opportunities, structuring and negotiating transactions, leading due diligence and managing portfolio investments including several in the oil and gas industry. Previously, Mr. Norris served in various senior strategy and corporate development roles at Oil States International, Inc. and its spin-off, Civeo Corporation. He earned an MBA and a B.A. in economics from The University of Texas at Austin.

  • PR Newswire8 months ago

    Legacy Reserves Inc. Announces Participation at the Bank of America Merrill Lynch Leveraged Finance Conference

    MIDLAND, Texas , Nov. 28, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) announced today that Dan Westcott , President and Chief Financial Officer, and Kyle Hammond , Executive ...

  • PR Newswire9 months ago

    Legacy Reserves Inc. Announces Third Quarter 2018 Results

    MIDLAND, Texas , Oct. 31, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) today announced 2018 third quarter results including the following highlights: Completed our corporate ...

  • PR Newswire9 months ago

    Legacy Reserves Inc. Announces Changes to Senior Management

    MIDLAND, Texas , Oct. 31, 2018 /PRNewswire/ -- Legacy Reserves, Inc. ("Legacy" or the "Company") (NASDAQ:LGCY) today announced several changes to its senior management.  Paul T. Horne ...

  • PR Newswire9 months ago

    H2O Midstream Announces Long-Term Water Services Agreement With Legacy Reserves In The Permian Basin

    HOUSTON , Oct. 23, 2018 /PRNewswire/ -- H2O Midstream today announced the execution of a long-term water services agreement with a subsidiary of Legacy Reserves Inc. ("Legacy") (NASDAQ: LGCY).  ...

  • PR Newswire9 months ago

    Legacy Reserves Inc. Schedules Conference Call to Report 3rd Quarter 2018 Results

    MIDLAND, Texas , Oct. 17, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (Nasdaq:LGCY) today announced it will provide details of its third quarter 2018 operating and financial performance ...

  • PR Newswire9 months ago

    Legacy Reserves Inc. Announces Board Resignation and Appointment

    MIDLAND, Texas, Oct. 8, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (LGCY) announced today that Dwight Scott, Senior Managing Director of The Blackstone Group L.P. and President of GSO Capital Partners LP ("GSO"), has resigned from Legacy's Board of Directors effective immediately, and, in conjunction, GSO has relinquished its Board nomination right. The Company also announced that Doug York has been appointed to Legacy's Board. Paul T. Horne, the Chairman of the Board and Chief Executive Officer of Legacy, commented, "We thank Dwight for his keen insight and thoughtful approach on our Board and look forward to his continued support of the company. GSO has been a committed investor and, through their capital investment and idea generation, has assisted us in our transition out of the MLP and into the C-Corp sector.

  • PR Newswire10 months ago

    Legacy Reserves Inc. and Legacy Reserves LP Announce Completion of Corporate Reorganization

    MIDLAND, Texas, Sept. 20, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") and Legacy Reserves LP (the "Partnership") (LGCY) announced today the completion of the previously announced corporate reorganization of the Partnership, pursuant to which the unitholders and holders of preferred units of the Partnership became stockholders of Legacy, which will be a publicly-traded corporation (the "Transaction"). At the Partnership's special meeting held on September 19, 2018, unitholders approved the merger agreement with approximately 99% of the votes cast.

  • PR Newswire10 months ago

    Legacy Reserves LP Announces Exchange of $130 Million of Senior Notes for New Convertible Senior Notes

    MIDLAND, Texas , Sept. 14, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announces that Legacy, Legacy Reserves Finance Corporation (together with Legacy, the "Issuers") ...

  • PR Newswire10 months ago

    Alerian Index Series September 2018 Index Review

    DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...

  • PR Newswire10 months ago

    Legacy Reserves LP Announces Final Court Approval of Delaware Merger Litigation Settlement

    MIDLAND, Texas, Sept. 12, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (LGCY) today announced that the Delaware Chancery Court (the "Court") has granted final approval of the previously-announced merger litigation settlement agreement.  Under the agreement, holders of outstanding 8% Series A Preferred Units and 8% Series B Preferred Units will receive in the Transaction (as defined below) approximately 10,730,000 shares of common stock in Legacy Reserves Inc. ("New Legacy") in addition to the approximately 16,913,592 shares those holders would collectively have received pursuant to the exchange ratios that were included in the merger agreement initially entered into in connection with the Transaction.

  • PR Newswire11 months ago

    Legacy Reserves LP Announces Participation at the EnerCom Oil & Gas Conference

    Legacy Reserves LP is a master limited partnership headquartered in Midland, Texas, focused on the development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States.  Additional information is available at www.LegacyLP.com. This press release relates to the proposed corporate reorganization between Legacy and Legacy Reserves Inc. ("New Legacy") (the "Transaction").

  • ACCESSWIRElast year

    Legacy Reserves LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Legacy Reserves LP (NASDAQ: LGCY ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 10:00 AM Eastern Time. ...