SilverBow Resources, Inc. (SBOW) Tops Q1 EPS by 69c, Revenues Beat
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SilverBow Resources Announces First Quarter 2021 Results
May 5, 2021 4:05 PM EDTHOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced operating and financial results for the first quarter of 2021. Highlights include:
Net production averaged approximately 180 million cubic feet of natural gas equivalent per day (MMcfe/d), above the high end of guidance Reported net income of $28 million, Adjusted EBITDA of $63 million and free cash flow ("FCF") of $24 million. Adjusted EBITDA and FCF are non-GAAP measures defined and reconciled in the tables below Increased full year 2021 FCF guidance range by $10 million at the midpoint to a range of... More