PDCE - Earnings announcements

Complementary to Chevron's operations in important U.S. production basins Adds 10% to oil equivalent proved reserves for under $7 per barrel Accretive to earnings per share and return on capital employed (ROCE) Expected to add $1 billion to annual free cash flow 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 en

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. 2023 First Quarter Highlights: Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $520 million and oil and gas capital investments of approximately $415 million.Approximately $100 million of adjusted free cash flow ("FCF"), a non-U.S. GAAP metric defined below. Returned approximately $170 million of capital to shareholders through th

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. The Company will host a conference call and simultaneous webcast on Thursday, May 4, 2023, at 11:00 a.m. ET. To attend the conference call webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-webcasts-presentations/.

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. 2022 Fourth Quarter Highlights: 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.Net cash from operating activities of approximately $690 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $605 million and oil and gas capital investments of approximately $345 million.Approximately $260 millio

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. The Company will host a conference call and simultaneous webcast on Thursday, February 23, 2023, at 11:00 a.m. ET. To attend the conference call webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-

DENVER, Nov. 02, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" the "Company", "we", "us", "our") (NASDAQ:PDCE) today announced its 2022 third quarter financial and operating results. 2022 Third Quarter Highlights: Net cash from operating activities of approximately $850 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $700 million and oil and gas capital investments of approximately $260 million.Approximately $440 million of adjusted free cash flow ("FCF"), a non-U.S. GAAP metric defined below. Returned approximately $295 million of capital to shareholders through the repurchase of approximately 4.2 million sh

DENVER, Oct. 05, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss third quarter 2022 operating and financial results. The Company plans to issue its news release after market close on Wednesday, November 2, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. The Company will host a conference call and simultaneous webcast on Thursday, November 3, 2022, at 11:00 a.m. ET. To attend the conference call webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-webcasts-presentations/

DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced its 2022 second quarter financial and operating results, provided second half 2022 guidance and announced receiving Completeness Determination on the Guanella Comprehensive Area Plan ("CAP") application. On August 2, the Company passed a major milestone in the permitting process by receiving the Completeness Determination on its Guanella CAP from the Colorado Oil & Gas Conservation Commission ("COGCC"). The Guanella CAP covers approximately 35,000 consolidated net acres in rural Weld County with approximately 450 well locations accessed by only 22 surface locations

DENVER, July 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss second quarter 2022 operating and financial results. The Company plans to issue its news release after market close on Wednesday, August 3, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. The Company will host a conference call and simultaneous webcast on Thursday, August 4, 2022, at 11:00 a.m. ET. To attend the conference call or webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-webcasts-presentations/

DENVER, May 04, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced its 2022 first quarter financial and operating results. 2022 First Quarter Highlights: Net cash from operating activities of approximately $489 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $539 million and oil and gas capital investments of approximately $220 million.Approximately $319 million of adjusted free cash flow ("FCF"), a non-U.S. GAAP metric defined below. Returned $110 million of capital to shareholders through the repurchase of approximately 1.3 million shares of common stock outstanding and its base dividend.

DENVER, April 01, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss first quarter 2022 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 4, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. Conference Call and Webcast:Date/Time: Thursday, May 5, 2022 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 9168983Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-2056 International: 1-404

Acquisition Adds Significant Scale to Core Wattenberg Position, is Accretive to Key Financial and Operating Metrics, Maintains Strong Balance Sheet Increases Quarterly Base Dividend More Than 100% to $0.25 per Share with Expectations to Further Increase to $0.35 per Share Upon Acquisition Closing Commits to Returning a Minimum of 60% of Annual Post-Dividend FCF to Shareholders via Systematic Share Repurchases and Special Dividend, if needed Increases Board-Authorized Share Repurchase Program to $1.25 Billion PDC to Host Investor Call Today at 11:00 a.m. ET / 9:00 a.m. MT DENVER, Feb. 28, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced i

DENVER, Feb. 27, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to reschedule its conference call to discuss its fourth quarter and full-year 2021 operating and financial results. The Company now plans to issue its news release before market open tomorrow – Monday, February 28 – followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com.  Conference Call and Webcast:Date/Time: Monday, February 28, 2022 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 2197232Webcast: available at www.pdce.com Replay Information:Domestic

DENVER, Feb. 04, 2022 (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 2021 operating and financial results. The Company plans to issue its news release after market close on Monday, February 28, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. Conference Call and Webcast:Date/Time: Tuesday, March 1, 2022 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 2197232Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-2056 In

DENVER, Nov. 03, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced its 2021 third quarter financial and operating results, increased its anticipated adjusted free cash flow expectations and amount of targeted shareholder returns in 2021. Third Quarter Company Highlights: Net cash from operating activities of approximately $450 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $417 million and oil and gas capital investments of approximately $149 million.Approximately $268 million of adjusted free cash flow ("FCF"), a non-U.S. GAAP metric defined below

DENVER, Sept. 30, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today provided several Company updates including preliminary third quarter operating results and revised 2021 full-year guidance. Further, the Company announced its third quarter earnings call, scheduled for Thursday, November 4, 2021. 2021 Third Quarter Highlights: Anticipate total daily production between 197,000 and 200,000 barrels of oil equivalent ("BOE") per day and daily oil production between 63,000 and 65,000 barrels ("Bbls") per day.Reduced total debt by $200 million through the September 2021 settlement of the Company's 2021 Convertible Notes. PDC expects to exit the third quarte

DENVER, Aug. 04, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced its 2021 second quarter financial and operating results, updated its full-year guidance and multi-year outlook and provided an environmental, social and governance ("ESG") update, including the establishment of new quantitative environmental performance targets. 2021 Second Quarter Highlights: Net cash from operating activities of approximately $225 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $345 million and oil and gas capital investments of approximately $180 million.Approximately $165 million of adju