Recap: PDC Energy Q1 Earnings

PDC Energy PDCE reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

PDC Energy missed estimated earnings by 8.74%, reporting an EPS of $2.61 versus an estimate of $2.86.

Revenue was up $641.22 million from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 5.8% increase in the share price the next day.

Here's a look at PDC Energy's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	3.08	4.23	4.72	3.09
EPS Actual	3.22	3.77	5.11	3.66
Revenue Estimate	847.21M	1.03B	1.03B	705.13M
Revenue Actual	879.50M	1.51B	1.14B	316.45M

To track all earnings releases for PDC Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.