SilverBow Resources, Inc. (SBOW) Misses Q4 EPS by 30c, Revenues Beat

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Go back to SilverBow Resources, Inc. (SBOW) Misses Q4 EPS by 30c, Revenues Beat

SilverBow Resources Announces Fourth Quarter and Full Year 2020 Results; 2021 Capital Program and Guidance

March 3, 2021 4:05 PM EST

HOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced operating and financial results for the fourth quarter and full year 2020.

Highlights for the fourth quarter include:

Net production averaged 178 million cubic feet of natural gas equivalent per day (MMcfe/d), at the high end of guidance; oil and gas sales up 17% quarter-over-quarter driven by improving commodity prices Reported net income of $9 million, Adjusted EBITDA of $38 million and free cash flow ("FCF") of $12 million1, representing five out of the last... More