SilverBow Resources Announces Second Quarter 2020 Results
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SilverBow Resources, Inc. (SBOW) Reports Q2 Revenues Miss
August 4, 2020 5:12 PM EDTSilverBow Resources, Inc. (NYSE: SBOW) reported Q2 revenue for the quarter came in at $24.85 million versus the consensus estimate of $31.3 million.
Net production averaged approximately 142 million cubic feet of natural gas equivalent per day (MMcfe/d), above the high end of guidanceReturned approximately 50 MMcfe/d of previously curtailed net production to sales in June; approximately 50 MMcfe/d of net production remains shut-inClosed divestiture of non-core Wyoming assets for approximately $5 million of total proceedsReported a net loss of $306 million primarily due to a $260 million non-cash impairment write-down on a... More