3 May 2018quarterly activities report▼ Bad
PDC ENERGY, INC. reported quarterly revenue of $260.6 million and a net loss of $13.1 million for the period ended 2018-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 May 2018quarterly activities report▼ Bad
PDC ENERGY, INC. reported quarterly revenue of $260.6 million and a net loss of $13.1 million for the period ended 2018-03-31.
1 Mar 2018quarterly activities report● Neutral
PDC ENERGY, INC. reported quarterly revenue of $189.5 million and net income of $77.6 million for the period ended 2017-12-31.
14 Feb 2018substantial holder notice● Neutral
CAUSEWAY CAPITAL MANAGEMENT LLC, TIN # disclosed a new substantial PDC ENERGY, INC. shareholding (7.25% of votes).
9 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a PDC ENERGY, INC. shareholding of 6,053,474 shares (9.18% of votes) in a periodic institutional filing.
5 Feb 2018director interest notice● Neutral
PDC ENERGY, INC. CEO Barton R Brookman Jr. sold 1,500 shares at $51.86.
23 Jan 2018substantial holder notice● Neutral
BlackRock, Inc reported a PDC ENERGY, INC. shareholding of 8,643,984 shares (13.10% of votes) in a periodic institutional filing.
18 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. director Jeffrey C Swoveland sold 1,700 shares at $55.83.
18 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. COO Scott J Reasoner sold 1,000 shares at $55.83.
18 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. director David C Parke acquired 616 shares and disposed of 616 in a set of related equity transactions.
17 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. CEO Barton R Brookman Jr. exercised stock options for 22,946 shares and disposed of 26,047 shares.
17 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. COO Scott J Reasoner exercised stock options for 6,692 shares and disposed of 7,672 shares.
17 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. EVP, Corp. Dev. & Strategy Lance Lauck exercised stock options for 10,516 shares and disposed of 11,996 shares.
17 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. SVP, GC and Secretary Daniel Willson Amidon exercised stock options for 8,126 shares and disposed of 9,844 shares.
16 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. director David C Parke acquired 3,916 shares through company equity transactions.
11 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. EVP, Corp. Dev. & Strategy Lance Lauck sold 1,500 shares at $53.40.
2 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. COO Scott J Reasoner had 2,837 shares withheld for taxes on vesting stock.
2 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. SVP, GC and Secretary Daniel Willson Amidon had 2,340 shares withheld for taxes on vesting stock.
2 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. CEO Barton R Brookman Jr. disposed of 10,080 shares via option/appreciation-right settlement.
2 Jan 2018director interest notice● Neutral
PDC ENERGY, INC. EVP, Corp. Dev. & Strategy Lance Lauck disposed of 7,251 shares.
28 Dec 2017director interest notice● Neutral
Christina M Ibrahim became a PDC ENERGY, INC. director and company insider (initial ownership filing).
20 Dec 2017director interest notice● Neutral
PDC ENERGY, INC. SVP, CFO David W Honeyfield had 1,986 shares withheld for taxes on vesting stock.
29 Nov 2017security holder rights change● NeutralMajor
PDC closed the $600M 5.750% senior notes due 2026 on November 29, 2017, the offering announced on Nov 17; the notes carry a PDC Permian, Inc. guarantee and U.S. Bank as trustee. PDC also agreed to a registered exchange offer for the notes, and the indenture limits its ability to pay dividends and take on more debt. The attached press release states the proceeds are to redeem its 7.75% senior notes due 2022, fund part of the purchase price of a previously announced acquisition of properties from Bayswater Exploration & Production, LLC and related parties, and for general corporate purposes. This answers the open question on use of proceeds. The press release also says PDC plans to divest its Utica Shale operations in Ohio.
17 Nov 2017debt financing● NeutralMajor
On November 14, 2017, PDC agreed to sell $600M of 5.750% senior notes due May 15, 2026 to initial purchasers led by Merrill Lynch, in a private offering, with closing expected around November 29, 2017. Interest is paid each May 15 and November 15 starting May 15, 2018, and subsidiary PDC Permian, Inc. is a guarantor. The filing does not say what the proceeds will be used for, so this is new debt on top of the existing notes and credit facility.
7 Nov 2017quarterly activities report▼ Bad
PDC ENERGY, INC. reported quarterly revenue of $183.2 million and a net loss of $292.5 million for the period ended 2017-09-30.
7 Nov 2017quarterly activities report▼ Bad
PDC ENERGY, INC. reported quarterly revenue of $183.2 million and a net loss of $292.5 million for the period ended 2017-09-30.
17 Oct 2017director interest notice● Neutral
PDC ENERGY, INC. COO Scott J Reasoner sold 1,000 shares at $49.64.
5 Oct 2017director interest notice● Neutral
PDC ENERGY, INC. director Jeffrey C Swoveland was credited 152 deferred share units under a company plan.
18 Sept 2017director interest notice● Neutral
PDC ENERGY, INC. director Mark E Ellis received 1,154 shares as part of the equity award.
31 Aug 2017director interest notice● Neutral
Mark E Ellis became a PDC ENERGY, INC. director and company insider (initial ownership filing).