Goodrich Petroleum (GDP) Tops Q1 EPS by 13c, Offers Guidance

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Go back to Goodrich Petroleum (GDP) Tops Q1 EPS by 13c, Offers Guidance

Goodrich Petroleum Announces First Quarter 2015 Financial Results And Operational Update

May 6, 2015 6:00 AM EDT

HOUSTON, May 6, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) (the "Company") today announced financial results and an operational update for the first quarter ended March 31, 2015. 

FINANCIAL RESULTS:

Adjusted Revenues were $37.1 million for the quarter versus $49.1 million in the prior year period; Earnings before interest, taxes, non-cash General & Administrative ("G&A") expenses and exploration ("Adjusted EBITDAX") was $24.5 million in the quarter, compared to $29.1 million in the prior year period; Capital expenditures for the quarter totaled $48.4 million, which will be reduced to an estimated $10 15 million in the... More