Goodrich Petroleum (GDP) Tops Q2 EPS by 22c

Goodrich Petroleum (NYSE: GDP) reported Q2 EPS of $0.72, $0.22 better than the analyst estimate of $0.50. Revenue for the quarter came in at $38.1 million versus the consensus estimate of $37 million.

• Second Half of 2021 Guidance has been updated with production expected to average 165,000 - 175,000 Mcfe/day in 3Q21 and 187,500 – 197,500 Mcfe/day in 4Q21, with a mid-point for full year 2021 guidance of 162,000 Mcfe/day. Second half of 2021 cash operating expenses are expected to range between approximately $0.70 - $0.80 per Mcfe and cash interest expense is expected to range between $0.06 - $0.07 per Mcfe for total cash expenses of approximately $0.76 - $0.87 per Mcfe. Capital expenditures are expected to range between $38.0 - $42.0 million in the second half of the year.

For earnings history and earnings-related data on Goodrich Petroleum (GDP) click here.

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