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home / news releases / WPX - WPX Energy Reports In Line 1Q20 Adapts To 2020's Weak Oil Prices And Highlights Significant Free Cash Generation

WPX - WPX Energy Reports In Line 1Q20 Adapts To 2020's Weak Oil Prices And Highlights Significant Free Cash Generation

WPX Energy Inc.

This is a Z4 Research Quick Pre Call Update

Be aware when viewing the 1Q20 numbers.

  • They closed the Felix deal on March 10th adding ~ 60 MBOEpd and taking full volumes to > 250,000 BOEpd (62% oil).
  • Volumes and costs were as expected and the bottom line was in line.
  • Few will care about the rearview mirror of the quarter in light of new guide posts for guidance noted below.

Guidance:

  • Capex Guidance: Chopped again with two scenarios outlined below (cutting an additional $150 to $450 mm depending on which path they decide to

Read more ...
Stock Information
Company Name: WPX Energy Inc.
Stock Symbol: WPX
Market: NYSE
Website: wpxenergy.com
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