PDC Energy: Q1 Earnings Snapshot
DENVER (AP) _ PDC Energy Inc. (PDCE) on Wednesday reported a loss of $32 million in its first quarter.
On a per-share basis, the Denver-based company said it had a loss of 33 cents. Earnings, adjusted for non-recurring costs, were $3.66 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share.
The independent oil and gas company posted revenue of $316.4 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $738.9 million.