PDCE - PDC Energy Non-GAAP EPS of $3.22 beats by $0.14 revenue of $879.5M misses by $12.61M
- PDC Energy press release ( NASDAQ: PDCE ): Q4 Non-GAAP EPS of $3.22 beats by $0.14 .
- Revenue of $879.5M (+2.9% Y/Y) misses by $12.61M .
- Total production of 22.7 million barrels of oil equivalent (“MMBoe”) or approximately 247,000 Boe per day and oil production of 7.4 million barrels (“MMBbls”) or approximately 80,000 Bbls per day.
- PDC anticipates 2023 capital investments of $1,350 to $1,500 million to generate between 255,000 and 265,000 Boe per day of production and 82,000 to 86,000 Bbls per day of oil.
- In the Delaware, the Company expects to invest approximately 20 percent of its total capital investments in 2023 to run a one rig program and a partial completion crew. PDC expects to spud and complete approximately 15 to 25 wells in 2023.
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PDC Energy Non-GAAP EPS of $3.22 beats by $0.14, revenue of $879.5M misses by $12.61M