SilverBow Resources Announces First Quarter 2021 Results
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SilverBow Resources, Inc. (SBOW) Tops Q1 EPS by 69c, Revenues Beat
May 5, 2021 5:04 PM EDTSilverBow Resources, Inc. (NYSE: SBOW) reported Q1 EPS of $2.31, $0.69 better than the analyst estimate of $1.62. Revenue for the quarter came in at $86.74 million versus the consensus estimate of $82 million.
Sean Woolverton, SilverBows Chief Executive Officer, commented, "In April, we provided a preview of our stellar results for the quarter. We paid down $30 million of debt, or 13% of our revolver borrowings, and reduced our leverage ratio to 2.1x. We successfully renegotiated and extended our Credit Facility, which provides us the runway to expand our development program and... More
