PDC Energy (PDCE) Tops Q4 EPS by 20c

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Go back to PDC Energy (PDCE) Tops Q4 EPS by 20c

PDC Energy Announces 2019 Operating and Financial Results, 2020 Guidance and 2021 Outlook

February 26, 2020 4:30 PM EST

DENVER, Feb. 26, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) today announced its 2019 full-year and fourth quarter operating and financial results.  The Company also provided detailed 2020 guidance and a preliminary 2021 outlook.

2019 Highlights:

Net cash from operating activities of approximately $858 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $825 million and oil and gas capital investments of approximately $788 million.Approximately $38 million of free cash flow, a non-U.S. GAAP metric defined as net cash flows from operating... More