PDC Energy: Q2 Earnings Snapshot

August 3, 2022 GMT

DENVER (AP) _ PDC Energy Inc. (PDCE) on Wednesday reported second-quarter earnings of $662.4 million.

The Denver-based company said it had profit of $6.74 per share. Earnings, adjusted for non-recurring gains, were $5.11 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.57 per share.

The independent oil and gas company posted revenue of $1.14 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.1 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDCE at https://www.zacks.com/ap/PDCE