PDC Energy (PDCE) Reports Q1 Revenues Beat
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PDC Energy Announces 2020 First Quarter Results and Provides Projected 2020 Guidance
May 7, 2020 4:30 PM EDTDENVER, May 07, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) today announced its 2020 first quarter operating and financial results. Â The Company also provided detailed commentary regarding its 2020 operating plan.
2020 First Quarter Highlights:
In May, the Companys semi-annual redetermination resulted in a borrowing base of $1.7 billion under its revolving credit facility with elected commitments remaining at $1.7 billion, resulting in total liquidity, as of April 30, 2020, of approximately $1.0 billion.Net cash from operating activities of approximately $266 million and adjusted cash flows from operations, a non-U.S. GAAP... More