EP Energy Corp. (EPE) Tops Q4 EPS by 1c, Offers Outlook

EP Energy Corp. (NYSE: EPE) reported Q4 EPS of $0.22, $0.01 better than the analyst estimate of $0.21.

2016 Outlook

"Entering 2016 we face many of the same macro challenges of 2015. In response, our 2016 outlook includes significantly lower capital spending, reduced activities and lower costs," added Mr. Smolik. "During the year, we expect to improve our financial strength while maintaining operational advantages. Our primary objectives are to remain free cash flow positive, improve the balance sheet and allocate capital to projects which add the most value. We have line of sight to generate free cash flow this year as our 2016 oil production is effectively hedged at $80 per barrel, we have significant capital funding flexibility and our cost structure continues to improve."

For earnings history and earnings-related data on EP Energy Corp. (EPE) click here.

You May Also Be Interested In

• DocGo (DCGO) Misses Q2 EPS by 6c; Offers Guidance
• Infleqtion raises Q2 revenue to $13.5M after contract restatement
• Barclays Upgrades Schott Pharma AG (1SXP:GR) to Overweight