Goodrich Petroleum (GDP) Misses Q3 EPS by 23c

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Go back to Goodrich Petroleum (GDP) Misses Q3 EPS by 23c

Goodrich Petroleum Announces Third Quarter 2015 Financial Results And Operational Update

November 4, 2015 8:02 AM EST

HOUSTON, Nov. 4, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) (the "Company") today announced financial results for the quarter ended September 30, 2015 and a financial update. 

FINANCIAL UPDATE:

To date, the Company has reduced total debt by approximately $198 million (31%) and annual interest expense by approximately $9.5 million (debt exchanges and conversions only) since the end of the second quarter through the following transactions: In September the Company exchanged $55 million of (old) 2032 convertible notes into $27.5 million of (new) 2032 convertible notes resulting in $27.5 million... More