2023-03-10 03:50:15 ET
- Headwater Exploration press release ( OTCPK:CDDRF ): Q4 GAAP EPS of $0.17.
- Revenue of $102.97M (+46.8% Y/Y).
- Achieved average production of 15,546 boe/d (consisting of 13,536 bbls/d of heavy oil, 11.5 mmcf/d of natural gas and 99 bbls/d of natural gas liquids), an increase of 49% from the fourth quarter of 2021.
- Outlook: Headwater is re-confirming its previously released capital expenditures guidance of $200 million and corresponding annual average production at 18,000 boe/d. At strip pricing the company expects to generate adjusted funds flow from operations of $280 million with exit adjusted working capital of $90 million.
For further details see:
Headwater Exploration reports Q4 earnings; reaffirms FY23 outlook