Goodrich Petroleum (GDP) Misses Q3 EPS by 11c, Revenues Beat

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Go back to Goodrich Petroleum (GDP) Misses Q3 EPS by 11c, Revenues Beat

Goodrich Petroleum Announces Third Quarter 2018 Financial Results

November 8, 2018 6:01 AM EST

HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced financial results for the third quarter ended September 30, 2018.

QUARTER HIGHLIGHTS

Production grew 113% over the previous year period and 41% sequentially to an average of 84,700 Mcfe per day. The Company expects to average 95,000 105,000 Mcfe per day in the fourth quarter after deferring the completion of 1.0 gross (0.94 net) well until the first quarter of 2019 in order to take advantage of synergies from batch completing multiple wells. Adjusted EBITDA increased to $14.3 million... More