WPX Energy (WPX) Misses Q4 EPS by 3c

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WPX Energy Reports 4Q and Full-Year 2019 Results

February 26, 2020 4:15 PM EST

Delivered disciplined growth and strong free cash flow

2019 net income of $256 million is 70% higher than 2018 2019 Adjusted EBITDAX (non-GAAP, reconciliation available) up 27% despite lower commodity prices Generated $101 MM of free cash flow (non-GAAP, reconciliation available) in back half of 2019 2019 oil production jumped 27% year-over-year to 103,600 bbl/d 4Q avg. realized price for Delaware oil was WTI plus $0.15, including basis swaps Poised to complete Felix transaction in 1Q 2020; expecting to initiate dividend in 3Q 2020 70% of projected 2020 oil volumes hedged above... More