Rice Energy Inc. (NYSE: RICE) detailed its second-quarter 2014 financial results, the company said Aug. 11.

The quarter’s adjusted EBITDAX was $50.4 million, and the depreciation, depletion and amortization was $32.6 million, the company said.

The adjusted net income was $4 million, the company added.

Regarding production, the daily net production averaged 241 million cubic feet equivalent per day (MMcfe/d). This number was higher by 84% than second-quarter 2013’s 131 MMcfe/d, Rice said.

The total net natural gas production was 22 Bcf, and the average natural gas price was $3.68/Mcf after hedging, the company said.

Regarding the year-to-date financial results, the pro forma daily natural gas production for the first six months of 2014 totaled 225/MMcfe/d, a 105% increase over the 110 MMcfe/d pro forma daily production in the first six months of 2013, the company said.

Before hedging, the average natural gas price for first six months of this year was $4.17/Mcf, the company said.

Adjusted EBITDAX for the time period was $58.1 million, and adjusted net income was $13.9 million, Rice added.

Regarding liquidity, at the end of the second quarter the company had $901.3 million in total debt, and $471.5 million of cash and cash equivalents on hand, Rice said. There was $784.9 million in total liquidity, comprised of cash on hand and revolving credit facility borrowings, the company added.

Rice hedged its commodities. About 68% of the estimated production remaining for the rest of this year is hedged at a weighted average floor price of $4.06/MMBtu, the company said.

Regarding the capital budget and guidance, Rice updated them for 2014’s second half. The revised drilling and completion capital is $570 million, down from $580 million, the company said. The total capital budget is now $1,220 million, while the leasehold budget and the midstream infrastructure budget remain at $385 million and $265 million, respectively, Rice added.

The production guidance range is now between 260 and 295 MMcfe/d with a roughly-278 MMcfe/d target midpoint, the company said.

Canonsburg, Pa.-based Rice Energy Inc. explores and develops natural gas and oil in the Appalachian Basin.