Goodrich Petroleum (GDP) Misses Q3 EPS by 26c, Revenues Miss

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Go back to Goodrich Petroleum (GDP) Misses Q3 EPS by 26c, Revenues Miss

Goodrich Petroleum Announces Third Quarter 2019 Financial Results

November 7, 2019 6:00 AM EST

HOUSTON, Nov. 7, 2019 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced financial results for the third quarter ended September 30, 2019.

QUARTER HIGHLIGHTS

Net Income: Net income was $2.0 million in the quarter ($0.16 per basic, $0.14 per diluted share). Net income adjusted for the non-cash change in fair value of unsettled derivative contracts of $2.2 million was $4.2 million. Adjusted EBITDA: Adjusted EBITDA increased by 49% over the prior year period and decreased 1% sequentially to $21.3 million despite lower natural gas prices versus the prior year... More