PDC Energy (PDCE) Tops Q2 EPS by 35c

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Go back to PDC Energy (PDCE) Tops Q2 EPS by 35c

PDC Energy Announces 2020 Second Quarter Results and Provides Significantly Improved 2020 Full-Year Guidance

August 5, 2020 4:15 PM EDT

DENVER, Aug. 05, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) today announced its 2020 second quarter operating and financial results.  The Company also updated its 2020 guidance including a substantial increase to its projected free cash flow, a non-U.S. GAAP metric defined below, a reduction to its expected capital investments and an increase to both its oil production and total production ranges.

2020 Second Quarter Highlights:

Net cash from operating activities of approximately $103 million and adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of... More