PDC Energy, Inc.

NasdaqGS:PDCE 주식 리포트

시가총액: US$6.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PDC Energy 과거 순이익 실적

과거 기준 점검 5/6

PDC Energy은 연평균 66.7%의 비율로 수입이 증가해 온 반면, Oil and Gas 산업은 수입이 8.4% 증가했습니다. 매출은 연평균 30.2%의 비율로 증가했습니다. PDC Energy의 자기자본이익률은 41.8%이고 순이익률은 52.3%입니다.

핵심 정보

66.73%

순이익 성장률

65.97%

주당순이익(EPS) 성장률

Oil and Gas 산업 성장률33.67%
매출 성장률30.17%
자기자본이익률41.84%
순이익률52.31%
최근 순이익 업데이트30 Jun 2023

최근 과거 실적 업데이트

Recent updates

Seeking Alpha • Sep 10

PDC Energy: Variable Dividend Might Exceed $2 Per Share

Summary PDC is projected to generate over $900 million in positive cash flow during the second half of 2022. This would allow it to do continued share repurchases and fund a variable dividend that should be $2+ per share. PDC also received permits for 99 Colorado wells and is awaiting a hearing that could give it permits for another 450 wells. PDC Energy (PDCE) looks capable of generating over $900 million in positive cash flow during the second half of 2022. This is expected to help fund continued share repurchases as well as a variable dividend (related to 2022 results) that should be $2+ per share. PDC's estimated value is around $73 to $79 per share in a long-term $70 WTI oil and $4.00 NYMEX gas scenario. It is progressing well in terms of getting Colorado permits, which I've previously noted as a significant potential catalyst. The hearing for its Guanella Comprehensive Area Plan (which could add several years to its permitted inventory) is currently scheduled for December. Colorado Permits PDC has made substantial progress with its Colorado permitting situation. It received unanimous approval for its Broe and Kenosha development plans in June, which gave it permits for 99 wells. It also received a completeness determination on its Guanella Comprehensive Area Plan in early August. This moves the process along to the technical review phase and a 60-day public comment period. The tentative hearing date before the oil and gas commission is set for December 7. PDC's Permits (pdce.com) Getting the Guanella CAP approved would be a major boost for PDC, as that would add approximately 450 locations and give it permitted inventory that should last past 2028 at current activity rates. 2H 2022 Outlook PDC now expects its 2H 2022 production to average 250,000 BOEPD including 82,000 barrels of oil per day. At current strip prices (including roughly $90 WTI oil and $8 NYMEX gas), PDC is projected to generate $2.461 billion in oil and gas revenues before hedges during the second half of the year. PDC's 2H 2022 hedges have around negative $502 million in estimated value. Barrels/Mcf $ Per Barrel/Mcf (Realized) $ Million Oil (Barrels) 15,088,000 $89.00 $1,343 NGLs (Barrels) 13,292,160 $30.00 $399 Natural Gas [MCF] 105,719,040 $6.80 $719 Hedge Value -$502 Total Revenue $1,959 PDC has an estimated $1.027 billion in cash expenditures for the second half of 2022, including $540 million for capex. This leads to a projection that it can generate $932 million in positive cash flow in the second half of 2022 at $90 WTI oil. $ Million Lease Operating Expense $152 Transportation, Gathering and Processing $64 Production Taxes $177 Cash G&A $60 Cash Interest $34 Capital Expenditures $540 Total Expenses $1,027 PDC may also pay out $67 million in dividends during the second half of 2022 at its current quarterly dividend rate of $0.35 per share. Net Debt And Share Count PDC had $1.658 billion in net debt at the end of Q2 2022, so it is projected to reduce its net debt to $793 million by the end of 2022 based on current strip prices. This does not include the effect of further share repurchases or variable dividend payments. PDC has estimated that it will spend $400 million on share repurchases in the second half of 2022, while it would also have another $185 million to allocate towards a variable dividend to reach its target of a 60+% return (of free cash flow less base dividends) to shareholders. PDC's Expected 2022 Results (pdce.com)
Seeking Alpha • Aug 25

PDC Energy declares $0.35 dividend

PDC Energy (NASDAQ:PDCE) declares $0.35/share quarterly dividend, in line with previous. Forward yield 2.04% Payable Sept. 22; for shareholders of record Sept. 8; ex-div Sept. 7. See PDCE Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 11

PDC Energy Remains Resistant To Monetary Policy

Fully closed acquisition of Great Western Petroleum leads to $1.7 billion in FCF and repurchasing programs with raising dividends for shareholders. Recent announcement of its third OGDP approval in the last 12 months shows that management is committed to investing in the future. Ranks well amongst competitors and has high rates of dividend and return on equity in comparable companies anaylsis. Federal Reserve’s policy is not enough to offset enough demand to meet the low supply of oil. Introduction Year to date, PDC Energy (PDCE) rose by 21.26% whereas broader markets and index funds have declined by over 13%. Price Changes (Yahoo Finance) I believe that PDCE is only seeing the beginning of its growth tailwinds, especially with catalysts such as long-term high oil prices being comparable to the times after the 2008 stock market crash. Additionally, this stock is recovering nicely from the pandemic. Its forward 5-year average EBITDA growth multiples are 99.46% above its sector median of 24.49%, suggesting above-average growth. I believe that there are a multitude of positive signs that investors are overlooking, such as the recent Great Western Petroleum acquisition leading to more capital return to shareholders and an increased likelihood of rapid approval of development plans for oil drilling sites in the near future. Let’s take a closer look at the primary drivers for my assumptions on a bullish outlook. Company Activity The company has now fully closed on the acquisition of Great Western Petroleum and with that shareholder returns are coming back. This acquisition leads to immediate growth in both material inventory and financial values. PDC Energy has a tremendous amount of FCF on hand and leadership appears confident in their business prospects. Here is a good quote from President and Chief Executive Officer Bart Brookman’s recent announcement on the future of the company: We are excited to roll out our updated 2022 budget, which not only delivers top tier FCF generation of $1.7 billion each of the next two years, but also allows us outstanding shareholder returns of at least $1 billion annually. In the face of significant inflation, our operating teams have done a tremendous job innovating, driving additional efficiencies, and ensuring our capital budget remains at or below $1 billion. As we streamline our operations, the Great Western acquisition provides the Company with additional scale and high value inventory with increased shareholder returns. The primary bullish signal presented here is the increased return of excess capital back to shareholders given that PDC optimistically is expecting to generate $1.7 billion in FCF for the next 2 years. This is great news and shows that PDC Energy is taking a step in the right direction to sustain and grow profits over time. More specifically, the detailed framework of shareholder returns is provided here by management: ..at least 60% of FCF after base dividends will be returned to shareholders in the form of share repurchases and, if necessary, a year end special dividend. The Company has a $1.25 billion Board authorized share repurchase plan that it expects to fully utilize by the end of 2023. On May 26th, the Company’s’ board of directors approved a raised base quarterly dividend of $0.35 per share. The second quarter dividend is payable on June 23, 2022 to stockholders of record at the close of business on June 9, 2022. Based on our current estimated FCF and assuming we reach our annual $625 million share buyback goal, we anticipate that our year end special dividend could exceed $300 million. The implementation of repurchasing programs and increasing dividend rates shows that the Board of Directors is well aware of the current undervaluation of the PDCE and is committed to increasing shareholder value for investors. Such actions will further supplement PDCE as a great investment for income-seeking investors as the company already is in the top 75% of US-listed companies for dividends. The company has reported strong EPS (EPS of $5.07) which is more than enough to cover the annual dividend per share of $1.34. This is fantastic news for investors. PDCE dividend stability and growth (WallStreetZen) More Oil & Gas Development Plan Success Another reason why I am optimistic about PDCE is due to the major catalyst involving government regulations. PDC Energy recently announced on June 29 its third approval —Broe— in the last 12 months regarding their Oil and Gas Development Plan (OGDP) to permit 30 more drilling sites in rural Weld County, Colorado. In total, PDC Energy is rapidly expanding their arsenal of drilling sites to capitalize on the rising demand for oil/gas prices. Their recent news release gives us a better picture on this: Combined with the previously announced Kenosha OGDP approval earlier this month, the Company has added 99 new wells to its inventory in June and will soon have over 675 permits and drilled and uncompleted wells (“DUCs”) The rapid adoption and execution of the company’s OGDP shows that management is committed to investing in the future and is doing a good job of increasing their drilling footprint across the nation. With regards to what the future entails, I think that oil prices will still remain high for consumers and even rise. Since demand growth is outpacing supply growth, the oil market is likely to remain undersupplied. PDC Energy clearly has picked up on this and that these investments will help to increase the company’s operations and profits down the line.
Seeking Alpha • May 17

PDC Energy: May Be Able To Reduce Share Count By Over 15% In 2022

PDC Energy is now projected to generate close to $2 billion in positive cash flow in 2022 at current strip. This would give it the ability to put $1.1 billion towards share repurchases and special dividends. At its current share price, PDC could repurchase over 15% of its outstanding shares with that amount.

매출 및 비용 세부 내역

PDC Energy가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NasdaqGS:PDCE 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
30 Jun 233,5381,8511840
31 Mar 233,9342,2241770
31 Dec 223,9981,7781690
30 Sep 223,8641,9011440
30 Jun 223,4171,2491250
31 Mar 222,7764991120
31 Dec 212,3925221110
30 Sep 211,933431290
30 Jun 211,576-1341300
31 Mar 211,234-2681300
31 Dec 201,100-7241620
30 Sep 201,091-7391300
30 Jun 201,086-6921380
31 Mar 201,240-4021520
31 Dec 191,238-571660
30 Sep 191,2891431800
30 Jun 191,3421241890
31 Mar 191,328-1051810
31 Dec 181,31321770
30 Sep 181,207-991640
30 Jun 181,076-3881860
31 Mar 18960-1871790
31 Dec 17865-1281680
30 Sep 17774-2611540
30 Jun 1769981160
31 Mar 17622-1281090
31 Dec 16477-2461050
30 Sep 16457-1871080
30 Jun 16415-205960
31 Mar 16398-157930
31 Dec 15392-68910
30 Sep 1535713590
30 Jun 15389108970
31 Mar 15447126950
31 Dec 14546107930
30 Sep 14573381150
30 Jun 14535-30730
31 Mar 1447018690
31 Dec 13395-21700
30 Sep 13362-56790
30 Jun 13331-70780
31 Mar 13303-69800
31 Dec 12278-19730
30 Sep 12302-15650

양질의 수익: PDCE는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: PDCE의 현재 순 이익률 (52.3%)은 지난해 (36.5%)보다 높습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: PDCE는 지난 5년 동안 흑자전환하며 연평균 66.7%의 수익 성장을 기록했습니다.

성장 가속화: 지난 1년간 PDCE 의 수익 증가율(48.2%)은 5년 평균(연간 66.7%)보다 낮습니다.

수익 대 산업: PDCE의 지난 1년 수익 증가율(48.2%)은 Oil and Gas 업계의 6%를 상회했습니다.

자기자본이익률

높은 ROE: PDCE의 자본 수익률(41.8%)은 뛰어남으로 평가됩니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2023/08/08 02:50
종가2023/08/04 00:00
수익2023/06/30
연간 수익2022/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.

산업 및 섹터 지표

산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

PDC Energy, Inc.는 28명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Randy OllenbergerBMO Capital Markets Equity Research
John AbbottBofA Global Research
No AnalystBofA Global Research