WPX Energy (WPX) Misses Q4 EPS by 3c

WPX Energy (NYSE: WPX) reported Q4 EPS of $0.10, $0.03 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $443 million versus the consensus estimate of $630.38 million.

• Delivered disciplined growth and strong free cash flow
• 2019 net income of $256 million is 70% higher than 2018
• 2019 Adjusted EBITDAX (non-GAAP, reconciliation available) up 27% despite lower commodity prices
• Generated $101 MM of free cash flow (non-GAAP, reconciliation available) in back half of 2019
• 2019 oil production jumped 27% year-over-year to 103,600 bbl/d
• 4Q avg. realized price for Delaware oil was WTI plus $0.15, including basis swaps
• Poised to complete Felix transaction in 1Q 2020; expecting to initiate dividend in 3Q 2020
• 70% of projected 2020 oil volumes hedged above current WTI price

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

You May Also Be Interested In

• Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
• PTC Therapeutics (PTCT) Tops Q1 EPS by 9c, provides guidance
• COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance