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PDC Energy: Q1 Earnings Snapshot

May 4, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDCE at https://www.zacks.com/ap/PDCE