Goodrich Petroleum (GDP) Tops Q3 EPS by 11c

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Goodrich Petroleum Announces Third Quarter 2017 Financial Results and Operational Update

November 8, 2017 6:00 AM EST

HOUSTON, Nov. 8, 2017 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced financial results and an operational update for the third quarter ended September 30, 2017. 

FINANCIAL RESULTS

Cash Flow

Adjusted EBITDA on a pro forma basis increased to $8.8 million in the quarter and discretionary cash flow ("DCF"), defined as net cash provided by operating activities before changes in working capital, was $8.3 million in the quarter.

(See accompanying tables at the end of this press release that reconcile Pro Forma Adjusted... More