WPX Energy Reports 3Q 2020 Results

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Go back to WPX Energy Reports 3Q 2020 Results

WPX Energy (WPX) Misses Q3 EPS by 32c, Revenues Miss

November 2, 2020 4:19 PM EST

WPX Energy (NYSE: WPX) reported Q3 EPS of ($0.26), $0.32 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $473 million versus the consensus estimate of $593.02 million.

Outlook Points to 2021 Momentum

Current oil rate of approx. 140,000 bbl/d already at the year-end targetIncreasing 4Q oil target to 137,000-143,000 bbl/dReducing 2020 full-year CAPEX by another $50 millionRaising 2020 free... More