Goodrich Petroleum (GDP) Tops Q1 EPS by 13c, Offers Guidance

Goodrich Petroleum (NYSE: GDP) reported Q1 EPS of ($0.38), $0.13 better than the analyst estimate of ($0.51). Revenue for the quarter came in at $37.1 million versus the consensus estimate of $39.51 million.

GUIDANCE

The Company anticipates producing between 4,250 – 4,650 Bbls/d of oil and 22,500 – 26,500 Mcf/d of natural gas during the second quarter of 2015, with oil volumes increasing as we exit the second quarter and begin completing six previously drilled TMS wells. The Company reaffirms its previously announced full year 2015 production guidance of 4,800 – 5,200 Bbls/d of oil and 23,000 – 26,000 Mcf/d of natural gas with a total net capital expenditure budget of $90 – 110 million.

For earnings history and earnings-related data on Goodrich Petroleum (GDP) click here.

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