SilverBow Resources Announces Third Quarter 2020 Results
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SilverBow Resources, Inc. (SBOW) Misses Q3 EPS by $1.38, Revenues Miss
November 4, 2020 5:11 PM ESTSilverBow Resources, Inc. (NYSE: SBOW) reported Q3 EPS of ($0.58), $1.38 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $45.7 million versus the consensus estimate of $48.2 million.
Highlights include:
Net production averaged approximately 183 million cubic feet of natural gas equivalent per day (MMcfe/d), above the high end of guidanceReported a net loss of approximately $7 million, Adjusted EBITDA of $36 million and free cash flow ("FCF") of $9 million. Adjusted EBITDA and FCF are non-GAAP measures defined and reconciled in the tables belowAnticipate full year 2020 FCF of approximately $50 million, a... More