Parsley Energy (PE) Tops Q3 EPS by 7c, Revenues Beat
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Parsley Energy Announces Third Quarter 2019 Financial And Operating Results; Tightens Capital Budget Range, Raises Production Guidance, And Lowers Unit Cost Estimates
November 5, 2019 4:15 PM ESTAUSTIN, Texas, Nov. 5, 2019 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended September 30, 2019. The Company has posted a presentation to its website that supplements the information in this release.
Third Quarter 2019 Highlights
Generated positive free cash flow(1) in 3Q19. Initiated dividend program in 3Q19 and declared 4Q19 quarterly dividend of $0.03 per share(2) payable on December 20, 2019. Net oil production increased 6% quarter-over-quarter and 25% year-over-year to 91.7 MBo per day. Total net production... More