Goodrich Petroleum Announces Third Quarter 2019 Financial Results
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Goodrich Petroleum (GDP) Misses Q3 EPS by 26c, Revenues Miss
November 7, 2019 6:29 AM ESTGoodrich Petroleum (NYSE: GDP) reported Q3 EPS of $0.14, $0.26 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $27.17 million versus the consensus estimate of $32.7 million.
QUARTER HIGHLIGHTS
Net Income: Net income was $2.0 million in the quarter ($0.16 per basic, $0.14 per diluted share). Net income adjusted for the non-cash change in fair value of unsettled derivative contracts of $2.2 million was $4.2 million.Adjusted EBITDA: Adjusted EBITDA increased by 49% over the prior year period... More