Oasis Petroleum (OAS) Misses Q1 EPS by 4c
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Oasis Petroleum Inc. Announces First Quarter 2020 Results and Updates 2020 Outlook
May 18, 2020 9:00 AM EDTHOUSTON, May 18, 2020 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today announced financial and operating results for the first quarter of 2020 and updated its 2020 outlook.
1Q20 Highlights:
Delivered net cash provided by operating activities of $107.8 million and Adjusted EBITDA(1) of $167.0 million in 1Q20. Produced 80.1 MBoepd in 1Q20, 2% above midpoint guidance, with oil volumes at 54.1 MBopd, 1% above midpoint guidance. E&P CapEx(2) was $151.3 million for 1Q20, more than 10% below the Company's February 2020 guidance. LOE per Boe decreased 6%... More