Goodrich Petroleum (GDP) Announces Revised Capital Expenditure Budget And 2020 Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- S&P Global shares rise on report of possible CapIQ spinoff
Goodrich Petroleum Announces Revised Capital Expenditure Budget And 2020 Guidance
March 16, 2020 6:00 AM EDTHOUSTON, March 16, 2020 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) today announced it has lowered its 2020 preliminary capital expenditure budget by $15 million to $40 - $50  million, which is expected to generate free cash flow of an estimated $15 - $25 million at $2.00 - $2.50 natural gas prices. At the midpoint of this revised guidance, the Company estimates it will generate a free cash flow yield of approximately 13% and 40% on the Company's current enterprise value and market capitalization, respectively, and remain below the Company's net Debt to EBITDA target of 1.5 times.
The... More
