Parsley Energy (PE) Misses Q1 EPS by 2c, Revenues Beat

Parsley Energy (NYSE: PE) reported Q1 EPS of $0.22, $0.02 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $427.67 million versus the consensus estimate of $409.71 million.

Summary Comment and Outlook

"With our 2019 development plan, we set a course that prioritized a progression to sustainable free cash flow generation and an improvement in capital efficiency in a $50 oil world. Parsley Energy is on track to deliver on this action plan," said Matt Gallagher, Parsley's President and CEO. "The recent rise in oil prices provides an opportunity to compress our timeline to self-funded growth, but does not alter the Company's activity plans or returns-focused mindset."

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

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