Pengrowth Energy (PGH) Misses Q1 EPS by 1c

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Go back to Pengrowth Energy (PGH) Misses Q1 EPS by 1c

Pengrowth Announces Strong First Quarter Operational and Financial Results

May 3, 2016 5:34 PM EDT

CALGARY, ALBERTA -- (Marketwired) -- 05/03/16 -- Pengrowth Energy Corporation (TSX: PGF)(NYSE: PGH) is pleased to announce its financial and operating results for the three months ended March 31, 2016. Pengrowth delivered strong first quarter operating and financial results, driven by its substantial hedge book and the low decline nature of its asset base. During the quarter, Pengrowth continued to curtail spending, manage costs and direct excess funds flow and net proceeds from its ongoing asset disposition program to reducing its outstanding debt.

Consistent with its strategy to prudently... More