WPX Energy (WPX) Misses Q3 EPS by 32c, Revenues Miss
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WPX Energy Reports 3Q 2020 Results
November 2, 2020 4:15 PM ESTOutlook Points to 2021 MomentumÂ
Current oil rate of approx. 140,000 bbl/d already at the year-end target Increasing 4Q oil target to 137,000-143,000 bbl/d Reducing 2020 full-year CAPEX by another $50 million Raising 2020 free cash flow projection by 50% to more than $300 million Reducing LOE to $5.10-$5.40 per BOE for full-year 2020, a 14% improvement Attractive Bone Spring results in the Delaware Basin Transformational merger with Devon on track, creating a leading U.S. energy companyTULSA,... More
