Parsley Energy (PE) Misses Q4 EPS by 4c, Revenues Miss

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Parsley Energy Announces Fourth Quarter 2018 Financial And Operating Results

February 21, 2019 4:06 PM EST

AUSTIN, Texas, Feb. 21, 2019 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended December 31, 2018. The Company has posted a presentation to its website that supplements the information in this release.

Fourth Quarter 2018 Highlights

Net oil production increased 5% quarter-over-quarter and 50% year-over-year to 77.0 MBo per day. Total net production averaged 119.8 MBoe per day.(1) Parsley delivered strong operational results, highlighted by favorable trends in operating costs and completion efficiency, in addition to successfully drilling the... More