Parsley Energy (PE) Misses Q4 EPS by 4c, Revenues Miss

Parsley Energy (NYSE: PE) reported Q4 EPS of $0.30, $0.04 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $454.88 million versus the consensus estimate of $470.92 million.

"By any measure 2018 was a strong operational year for Parsley Energy, as we both expanded operating margins to Company-record levels and greatly enhanced our operational efficiency," said Matt Gallagher, Parsley's President and CEO. "As we turn to 2019, our top priorities are demonstrating meaningful progress toward sustainable free cash flow generation and recording a tangible year-over-year improvement in capital efficiency. Underpinning these key objectives is a deliberate shift in our development approach to prioritize project-level rate of return, a strategy enabled by our deep, high-quality inventory."

For earnings history and earnings-related data on Parsley Energy (PE) click here.

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