Parsley Energy (PE) Misses Q2 EPS by 1c, Revenues Beat
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Parsley Energy Announces Second Quarter 2018 Financial And Operating Results; Raises Production Guidance And Lowers Unit Cost Estimates
August 7, 2018 4:06 PM EDTAUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended June 30, 2018. The Company has posted to its website a presentation that supplements the information in this release.
Second Quarter 2018 Highlights
Net oil production increased 14% quarter-over-quarter and 57% year-over-year to 67.7 MBo per day. Total net production averaged 107.8 MBoe per day.(1) Parsley reported an unhedged oil price realization of $64.29/Bbl net of transportation costs during 2Q18. This represents a... More