Parsley Energy (PE) Tops Q3 EPS by 4c, Revenues Beat

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Parsley Energy Announces Third Quarter 2020 Financial And Operating Results

October 28, 2020 4:05 PM EDT

AUSTIN, Texas, Oct. 28, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended September 30, 2020.

Recent Highlights

Generated positive free cash flow(1) in 3Q20. Paid 3Q20 quarterly dividend of $0.05 per share on September 18, 2020 and declared 4Q20 quarterly dividend of $0.05 per share(2) payable on December 18, 2020. 3Q20 net oil production decreased 1% quarter-over-quarter and increased 21% year-over-year to 111.0 MBo per day. Total 3Q20 net production averaged 183.2 MBoe per day. Recently announced a definitive merger agreement to... More