HighPoint Resources Reports Third Quarter 2018 Financial and Operating Results

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Go back to HighPoint Resources Reports Third Quarter 2018 Financial and Operating Results

HighPoint Resources (HPR) Misses Q3 EPS by 1c, Revenues Beat

October 31, 2018 4:14 PM EDT

HighPoint Resources (NYSE: HPR) reported Q3 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $131.13 million versus the consensus estimate of $116.61 million.

Chief Executive Officer and President Scot Woodall commented, "I am pleased with our execution and initial results of the Hereford program in the two full quarters since acquisition. The development program has confirmed our acquisition and economic model for this large, oil-weighted and rural acreage block. We are seeing positive early indications of performance from our initial DSU as the wells have... More