PDC Energy (PDCE) Misses Q1 EPS by 34c, Revenues Miss
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PDC Energy Announces 2019 First Quarter Results, Delaware Basin Midstream Monetization and Authorization of Stock Repurchase Program
May 1, 2019 4:15 PM EDTDENVER, May 01, 2019 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today reported its 2019 first quarter operating and financial results. Additionally, the Company announced it has entered into two definitive agreements to divest its gas and water midstream assets in the Delaware Basin for a combined total of approximately $310 million, subject to post-closing adjustments.Â
First Quarter Highlights:
Total production of 11.2 million barrels of oil equivalent (MMBoe), or approximately 125,000 Boe per day, a 26 percent increase from the first quarter of 2018.Crude oil,... More