PDC Energy (PDCE) Tops Q3 EPS by 65c

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Go back to PDC Energy (PDCE) Tops Q3 EPS by 65c

PDC Energy Announces 2021 Third Quarter Results and Increases Targeted 2021 Shareholder Returns by More Than 15 percent to Over $210 Million

November 3, 2021 4:15 PM EDT

DENVER, Nov. 03, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) today announced its 2021 third quarter financial and operating results, increased its anticipated adjusted free cash flow expectations and amount of targeted shareholder returns in 2021.

Third Quarter Company Highlights:

Net cash from operating activities of approximately $450 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $417 million and oil and gas capital investments of approximately $149 million.Approximately $268 million of adjusted free cash flow (FCF), a non-U.S. GAAP metric defined... More