PDC Energy (PDCE) Tops Q4 EPS by 21c

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Go back to PDC Energy (PDCE) Tops Q4 EPS by 21c

PDC Energy Announces 2020 Results, 2021 Guidance and Multi-Year Outlook Focused on Return of Capital Initiatives Including Board-Approved Dividend Program Expected to Commence Mid-2021

February 24, 2021 4:30 PM EST

DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) today announced its 2020 fourth quarter and full-year operating and financial results. The Company also provided detailed 2021 guidance and a preliminary multi-year outlook.

2020 Fourth Quarter and Full-Year Highlights:

Net cash from operating activities of approximately $220 million and $870 million in the fourth quarter and full-year 2020, respectively. Adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $270 million and $920 million for the comparable periods. Oil and gas capital investments of approximately $110 million and $520 million... More