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Stock impact report

PDC Energy, Inc. Announces 2022 First Quarter Financial and Operating Results

PDC Energy, Inc. (PDCE) 
Last pdc energy, inc. earnings: 2/26 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pdce.com/presentations.cfm
Company Research Source: GlobeNewswire
DENVER, May 04, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) today announced its 2022 first quarter financial and operating results. 2022 First Quarter Highlights: Net cash from operating activities of approximately $489 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $539 million and oil and gas capital investments of approximately $220 million.Approximately $319 million of adjusted free cash flow (“FCF”), a non-U.S. GAAP metric defined below. Returned $110 million of capital to shareholders through the repurchase of approximately 1.3 million shares of common stock outstanding and its base dividend.Total production of 17.9 million barrels of oil equivalent (“MMBoe”) or approximately 199,000 Boe per day and oil production of 5.9 million barrels (“MMBbls”) or approximately 65,000 Bbls per day.Executed definitive agreement to acquire Great Western Petroleum, LLC (the “Great Western Acquisition” Show less Read more
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