- PDC Energy (NASDAQ:PDCE) +2.3% premarket even after reporting below consensus Q2 earnings and revenues, as it raises FY 2014 guidance.
- PDCE says Q2 production jumped 64% Y/Y to 29.7K boe/day and 11% Q/Q, primarily due to successful horizontal drilling in the Wattenberg field.
- Says it exceeded quarterly production guidance by more than 10%, which prompts it to raise full-year guidance to 10.7M-10.9M boe from prior outlook of 9.5M-10M boe.
- FY 2014 revenues are expected at $518M-$543M vs. earlier guidance of $461M-$498M, and adjusted cash flows from operations are seen at $275M-$290M vs. a prior outlook of $270M-$300M; full-year capex reamins unchanged at $647M.
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From other sites
at Zacks.com (Mar 20, 2015)
at Zacks.com (Feb 27, 2015)
at Benzinga.com (Jan 5, 2015)
at CNBC.com (Jan 5, 2015)
at Benzinga.com (Dec 17, 2014)
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