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Tuesday, August 7, 2018

-=Parsley Energy (PE) reported earnings on Tue 7 Aug 2018 (a/h)

Parsley Energy reports EPS in-line, beats on revs; co raises production guidance 
  • Reports Q2 (Jun) earnings of $0.39 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.39; revenues rose 118.9% year/year to $467.8 mln vs the $432.27 mln Capital IQ Consensus.
  • Co raises 2018 oil production guidance to 68.0-70.5 Mbo/d, up from 65-70 Mbo/d
  • Co also raises annual net production to 106-111 Mboe/d, up from 98-108

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