Whiting Petroleum (WLL) Misses Q1 EPS by 3c, Beat on Revenues, Raises Production Guidance

Whiting Petroleum (NYSE: WLL) reported Q1 EPS of ($0.24), $0.03 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $371.3 million versus the consensus estimate of $365.48 million.

Raising Production Guidance, Lowering Cost Guidance and Reiterating Capex Guidance

As detailed below, Whiting is raising its full-year production forecast to 45.2 to 46.2 MMBOE and reiterating its $1.1 billion full-year capital budget. The Company is also lowering per BOE cost guidance for LOE, G&A, interest expense, DD&A and oil and gas differentials.

For earnings history and earnings-related data on Whiting Petroleum (WLL) click here.

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