PDC Energy Inc

PDC Energy, Inc. engages in the exploration and production of oil and natural gas. The firm acquires, explores, and develops properties for the production of crude oil, natural gas, and natural gas liquids. Its primary operations are located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was founded in 1969 and is headquartered in Denver, CO.

Earnings data Q1 2024

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The Company places a strong emphasis on organic growth through active horizontal drilling programs. PDC's operations include exploration, development, production and marketing of oil and natural gas. Total 2012 net production for the Company consisted of 65% natural gas, most of which was derived from the Colorado region, and 35% crude oil and NGLs. The Company, however, expects 2013 production to consist of 54% crude oil and NGLs, and 46% natural gas.

Chevron

Chevron Corp said on Monday it would acquire PDC Energy Inc in an all-stock transaction for $7.6 billion, including debt.

Chevron to buy PDC Energy for $7.6 billion

SAN RAMON, Calif. and DENVER, Colo.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron's closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total enterprise value, incl.

Chevron Announces Agreement to Acquire PDC Energy

PDC Energy (PDCE) forecast a capital spending budget between $1.35 billion and $1.45 billion for 2023.

PDC Energy (PDCE) Q1 Earnings Miss as Commodity Prices Dive

PDC Energy, Inc. (NASDAQ:PDCE ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Aaron Vandeford – Director-Investor Relations Bart Brookman – President and Chief Executive Officer Scott Meyers – Executive Vice President and Chief Financial Officer Dave Lillo – Senior Vice President of Operations Conference Call Participants Bertrand Donnes – Truist Operator Good day, and thank you for standing by. Welcome to the PDC Energy First Quarter 2023 Conference Call.

PDC Energy, Inc. (PDCE) Q1 2023 Earnings Call Transcript

PDC Energy (PDCE) came out with quarterly earnings of $2.61 per share, missing the Zacks Consensus Estimate of $2.91 per share. This compares to earnings of $3.66 per share a year ago.

PDC Energy (PDCE) Q1 Earnings Lag Estimates

DENVER, May 03, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” the “Company”, “we”, “us”, “our') (Nasdaq:PDCE) today announced its 2023 first quarter financial and operating results and updates second quarter production and full-year capital guidance.

PDC Energy, Inc. Announces 2023 First Quarter Financial and Operating Results and Updates Second Quarter Production and Full-Year Capital Guidance

PDC Energy (PDCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PDC Energy (PDCE) to Report a Decline in Earnings: What to Look Out for

PDC Energy: 2023 FCF Estimated At $900 Million.

PDC Energy: 2023 FCF Estimated At $900 Million

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DENVER, April 10, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss first quarter 2023 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 3, 2023, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com.

PDC Energy Announces 2023 First Quarter Conference Call – Thursday, May 4, 2023

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PDC Energy (PDCE) reported earnings 30 days ago. What's next for the stock?

Why Is PDC Energy (PDCE) Down 9.6% Since Last Earnings Report?

PDC Energy (PDCE) forecast a capital spending budget between $1.35 billion and $1.5 billion for 2023.

PDC Energy (PDCE) Moves Up Since Q4 Earnings Beat: Here's Why

PDC Energy, Inc. (NASDAQ:PDCE ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Aaron Vandeford – Director-Investor Relations Bart Brookman – President and Chief Executive Officer Lance Lauck – Executive Vice President Scott Meyers – Chief Financial Officer Dave Lillo – Senior Vice President-Operations Conference Call Participants Gabe Daoud – Cowen Arun Jayaram – JPMorgan Umang Choudhary – Goldman Sachs Bertrand Donnes – Truist Oliver Huang – TPH & Company Nicholas Pope – Seaport Research John Abbott – Bank of America Noel Parks – Tuohy Brothers and Investment Research Operator Good day and thank you for standing by. Welcome to the PDC Energy Fourth Quarter 2022 Conference Call.

PDC Energy, Inc. (PDCE) Q4 2022 Earnings Call Transcript

PDC Energy (PDCE) delivered earnings and revenue surprises of 4.21% and 3.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PDC Energy (PDCE) Tops Q4 Earnings and Revenue Estimates

DENVER, Feb. 22, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced its full year and fourth quarter 2022 financial and operating results and provided 2023 guidance.

PDC Energy, Inc. Announces Full-Year and Fourth Quarter 2022 Financial and Operating Results; Provides 2023 Guidance

DENVER, Feb. 16, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared an increase to its quarterly cash dividend from $0.35 to $0.40 per share on PDC's outstanding common stock. The dividend is payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023. This marks the second consecutive annual increase since implementing the dividend in 2021.

PDC Energy Declares Increased Quarterly Cash Dividend on Common Shares and Announces $750 Million Increase to Share Buyback Authorization

PDC Energy (PDCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PDC Energy (PDCE) Earnings Expected to Grow: Should You Buy?

PDC is projected to generate $1.075 billion in free cash flow in 2023 at current strip, before the effect of cash income taxes. It received approval for its Guanella CAP, which includes approximately 450 wells.

PDC Energy: Guanella CAP Approval Gives It Development Line Of Sight Into 2028

DENVER, Jan. 31, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss fourth quarter and full-year 2022 operating and financial results. The Company plans to issue its news release after market close on Wednesday, February 22, 2023, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com.

PDC Energy Announces 2022 Fourth Quarter and Year-End Conference Call – Thursday February 23, 2023

DENVER, Dec. 08, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission (“COGCC”) unanimously approved, with overwhelming support of PDC's efforts, the Company's Guanella Comprehensive Area Plan (CAP), which encompasses approximately 33,000 consolidated net acres, 22 locations and approximately 450 wells in Weld County, Colorado.

PDC Energy Announces Unanimous Approval of The Guanella Comprehensive Area Plan Adding Clear Line of Sight for Sustainable Long-Term Colorado Development Activities

DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share on PDC's outstanding common stock. The dividends are payable on December 28, 2022, to stockholders of record at the close of business on December 19, 2022.

PDC Energy Declares Quarterly Cash Dividend and Additional Special Dividend on Common Shares

Why Is PDC Energy (PDCE) Down 5.6% Since Last Earnings Report?

The location of operations in Colorado is perceived by the market to be risky. Weld County is a rural county that is very supportive of the industry.

News for PDC Energy Inc Stock (PDCE)