Whiting Petroleum (WLL) Misses Q3 EPS by 23c, Revenues Beat
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Whiting Petroleum Reports Third Quarter Financial and Operating Results
November 5, 2020 4:01 PM ESTDENVER--(BUSINESS WIRE)-- Whiting Petroleum Corporation (NYSE: WLL) (Whiting or the Company) today announced third quarter 2020 results.
Third Quarter 2020 Highlights
Revenue was $184 million for the quarter ending September 30, 2020 Net income was $278 million, or $7.30 per diluted share for the quarter ending September 30, 2020 Adjusted EBITDAX was $100 million for the quarter ending September 30, 2020 (see further discussion regarding the presentation of adjusted EBITDAX in "About Non-GAAP Financial Measures" below) Emerged from bankruptcy with a strong balance sheet and liquidity positionOn September 1, 2020 (the Emergence Date) the Company... More
