Goodrich Petroleum (GDP) Misses Q1 EPS by 23c, Revenues Miss

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Go back to Goodrich Petroleum (GDP) Misses Q1 EPS by 23c, Revenues Miss

Goodrich Petroleum Announces Recent Developments and First Quarter 2019 Financial Results

May 8, 2019 6:00 AM EDT

HOUSTON, May 8, 2019 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced recent developments and financial results for the first quarter ended March 31, 2019. 

RECENT DEVELOPMENTS

The Company has a commitment, subject to definitive documentation, from a group of lenders with respect to a new Senior Credit Facility (the "New Credit Facility") with an initial borrowing base of $115 million, representing a $40 million increase over the borrowing base in the Company's existing credit facility. The New Credit Facility is expected to have terms and... More