PDCE PDC Energy, Inc.

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PDC Energy, Inc. engages in the exploration and production of oil and natural gas. It 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.

Company profile

Ticker

PDCE

Exchange

NASDAQ

CEO

Barton R. Brookman

Incorporated in

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Energy Minerals > Oil & Gas Production

Industry (SEC)

Crude Petroleum & Natural Gas

Occidental Petroleum • Anadarko Petroleum • Marathon Oil • Noble Energy • California Resources • Continental Resources • Pioneer Natural Resources • Denbury Resources • Eqt • Devon Energy Corp ...

Former names

Petroleum Development Corp

SEC CIK

0000077877

Corporate docs

Articles of Incorporation & Bylaws

IRS number

952636730

PDCE stock data

S&P 500 1 month 1 year

Company financial data Financial data

Chart PDCE financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	390.66M	134.5M	794.81M	280.72M
Net income	68.55M	-120.18M	178.85M	-3.43M
Diluted EPS	1.04	-1.82	2.71	-0.05
Net profit margin	17.55%	-89.35%	22.50%	-1.22%
Operating income	110.04M	-140.62M	256.19M	10.12M
Net change in cash	362K	-286K	29K	-56K
Cash on hand	1.47M	1.11M	1.4M	1.37M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	1.55B	921.62M	382.92M	595.33M
Net income	2.02M	-127.5M	-245.93M	-68.28M
Diluted EPS	0.03	-1.94	-5.01	-1.74
Net profit margin	0.13%	-13.83%	-64.23%	-11.47%
Operating income	77.75M	-238.25M	-332.11M	-63.82M
Net change in cash	-179.28M	-63.43M	243.25M	-15.22M
Cash on hand	1.4M	180.68M	244.1M	850K

Financial data from PDC Energy earnings reports

Financial report summary

Management Discussion

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Production volumes increased to 12.4 MMboe and 23.6 MMboe for the three and six months ended June 30, 2019, respectively, representing increases of 32 percent and 29 percent as compared to the three and six months ended June 30, 2018, respectively. Crude oil production increased 24 percent and 22 percent for the three and six months ended June 30, 2019, respectively, compared to the three and six months ended June 30, 2018. Natural gas production increased 40 percent and 36 percent for the three and six months ended June 30, 2019 and 2018, respectively. NGLs production increased 36 percent and 33 percent for the three and six months ended June 30, 2019 and 2018, respectively. For the month ended June 30, 2019, we maintained an average daily production rate of approximately 138,000 Boe per day, up from approximately 102,000 Boe per day for the month ended June 30, 2018.
On a sequential quarterly basis, total production and crude oil production volumes for the three months ended June 30, 2019 as compared to the three months ended March 31, 2019 increased by 11 percent and eight percent, respectively. The increase in these production volumes was primarily related to an increase in wells turned in-line in both the Wattenberg Field and the Delaware Basin.

Content analysis ?

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Readability	H.S. freshman Good

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Removed: add, amendment, Bayswater, compression, conducted, consistent, downtime, end, fine, iii, impose, injunctive, inspection, installation, managing, mitigation, opposed, pressure, productivity, professional, sum, supplemental, tank, vapor, weighted

From filing 10-Q 2019 Q2