Brief: PDC Energy Reports 2020 Results

PDC Energy

24/02/2021 22:20

Feb 24 (Reuters) - PDC Energy Inc  PDCE.O :
    * PDC ENERGY ANNOUNCES 2020 RESULTS, 2021 GUIDANCE AND
MULTI-YEAR
OUTLOOK FOCUSED ON RETURN OF CAPITAL INITIATIVES INCLUDING
BOARD-APPROVED DIVIDEND PROGRAM EXPECTED TO COMMENCE MID-2021
    * OIL AND GAS CAPITAL INVESTMENTS EXPECTED BETWEEN $500 AND
$600
MILLION IN 2021
    * PDC ENERGY - 2021 TOTAL PRODUCTION AND OIL PRODUCTION
EXPECTED
BETWEEN 190,000 & 200,000 BOE PER DAY AND 64,000 & 68,000
BARRELS OF CRUDE OIL PER DAY
    * TOTAL DAILY PRODUCTION IN Q1 IS EXPECTED TO DECLINE ZERO
TO FIVE
PERCENT COMPARED TO Q4 OF 2020
    * QTRLY LOSS PER SHARE $0.07
    * QTRLY TOTAL REVENUES $278.6 MILLION VERSUS $265.02 MILLION
    * Q4 EARNINGS PER SHARE VIEW $0.89, REVENUE VIEW $386.5
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX7wJ9dQ 
Further company coverage:  PDCE.O 

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