Chaparral Energy Announces First Quarter 2020 Financial and Operational Results

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Chaparral Steel Company (CHAP) Tops Q1 EPS by 13c

May 11, 2020 4:55 PM EDT

Chaparral Steel Company (NYSE: CHAP) reported Q1 EPS of $0.11, $0.13 better than the analyst estimate of ($0.02).

Achieved first quarter 2020 production of 30.7 thousand barrels of oil equivalent per day (MBoe/d), exceeding the high end of guidanceReported net income of $4.9 million for the first quarter of 2020, or $0.11 per share, which included a $71.4 million non-cash ceiling test impairment partially offset by a non-cash mark to market gain on derivatives of $69.2 million; adjusted net income, as defined below, was $10.8 million, or $0.23 per diluted shareMaintained strong Adjusted EBITDA, as defined below, of $40.7 million... More