Parsley Energy (PE) Tops Q2 EPS by 15c, Revenues Miss

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Go back to Parsley Energy (PE) Tops Q2 EPS by 15c, Revenues Miss

Parsley Energy Announces Second Quarter 2020 Financial and Operating Results; Provides Update on 2020 Development Plans

August 5, 2020 4:05 PM EDT

AUSTIN, Texas, Aug. 5, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended June 30, 2020. Additionally, Parsley provided an update to its 2020 development program. The Company has posted a presentation to its website that supplements the information in this release. 

Updated 2020 Outlook

In light of improved oil pricing and reduced volatility, Parsley is revising its baseline capital budget assumption from a $20-$30 WTI oil price to a $35 WTI oil price for the remainder of... More