PDC Energy, Inc.

NasdaqGS:PDCE Stock Report

Market Cap: US$6.4b

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PDC Energy Management

Management criteria checks 4/4

PDC Energy's CEO is Bart Brookman, appointed in Jun 2014, he has a tenure of 9.17 years. His total yearly compensation is $8.94M , comprised of 9.8% salary and 90.2% bonuses, including company stock and options. He directly owns 0.54% of the company’s shares, worth $34.83M. The average tenure of the management team and the board of directors is 4.8 years and 3.6 years respectively.

Key information

Bart Brookman

Chief executive officer

US$8.9m

Total compensation

CEO salary percentage9.8%
CEO tenure9.2yrs
CEO ownership0.5%
Management average tenure4.8yrs
Board average tenure3.6yrs

Recent management updates

Recent updates

These 4 Measures Indicate That PDC Energy (NASDAQ:PDCE) Is Using Debt Reasonably Well

Mar 31
These 4 Measures Indicate That PDC Energy (NASDAQ:PDCE) Is Using Debt Reasonably Well

Improved Earnings Required Before PDC Energy, Inc. (NASDAQ:PDCE) Shares Find Their Feet

Mar 13
Improved Earnings Required Before PDC Energy, Inc. (NASDAQ:PDCE) Shares Find Their Feet

PDC Energy (NASDAQ:PDCE) Is Increasing Its Dividend To $0.40

Feb 21
PDC Energy (NASDAQ:PDCE) Is Increasing Its Dividend To $0.40

Are Investors Undervaluing PDC Energy, Inc. (NASDAQ:PDCE) By 48%?

Jan 12
Are Investors Undervaluing PDC Energy, Inc. (NASDAQ:PDCE) By 48%?

Here's Why We Think PDC Energy (NASDAQ:PDCE) Might Deserve Your Attention Today

Dec 25
Here's Why We Think PDC Energy (NASDAQ:PDCE) Might Deserve Your Attention Today

We Think PDC Energy (NASDAQ:PDCE) Can Manage Its Debt With Ease

Dec 04
We Think PDC Energy (NASDAQ:PDCE) Can Manage Its Debt With Ease

PDC Energy: Variable Dividend Might Exceed $2 Per Share

Sep 10

PDC Energy declares $0.35 dividend

Aug 25

Analyst Forecasts Just Became More Bearish On PDC Energy, Inc. (NASDAQ:PDCE)

Aug 08
Analyst Forecasts Just Became More Bearish On PDC Energy, Inc. (NASDAQ:PDCE)

PDC Energy Remains Resistant To Monetary Policy

Jul 11

Here's Why PDC Energy (NASDAQ:PDCE) Can Manage Its Debt Responsibly

Jul 08
Here's Why PDC Energy (NASDAQ:PDCE) Can Manage Its Debt Responsibly

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

May 17

An Intrinsic Calculation For PDC Energy, Inc. (NASDAQ:PDCE) Suggests It's 41% Undervalued

Apr 11
An Intrinsic Calculation For PDC Energy, Inc. (NASDAQ:PDCE) Suggests It's 41% Undervalued

CEO Compensation Analysis

How has Bart Brookman's remuneration changed compared to PDC Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2023n/an/a

US$2b

Mar 31 2023n/an/a

US$2b

Dec 31 2022US$9mUS$875k

US$2b

Sep 30 2022n/an/a

US$2b

Jun 30 2022n/an/a

US$1b

Mar 31 2022n/an/a

US$499m

Dec 31 2021US$10mUS$850k

US$522m

Sep 30 2021n/an/a

US$43m

Jun 30 2021n/an/a

-US$134m

Mar 31 2021n/an/a

-US$268m

Dec 31 2020US$8mUS$803k

-US$724m

Sep 30 2020n/an/a

-US$739m

Jun 30 2020n/an/a

-US$692m

Mar 31 2020n/an/a

-US$402m

Dec 31 2019US$8mUS$850k

-US$57m

Sep 30 2019n/an/a

US$143m

Jun 30 2019n/an/a

US$124m

Mar 31 2019n/an/a

-US$105m

Dec 31 2018US$7mUS$850k

US$2m

Sep 30 2018n/an/a

-US$99m

Jun 30 2018n/an/a

-US$388m

Mar 31 2018n/an/a

-US$187m

Dec 31 2017US$6mUS$825k

-US$128m

Sep 30 2017n/an/a

-US$261m

Jun 30 2017n/an/a

US$8m

Mar 31 2017n/an/a

-US$128m

Dec 31 2016US$6mUS$750k

-US$246m

Compensation vs Market: Bart's total compensation ($USD8.94M) is about average for companies of similar size in the US market ($USD7.90M).

Compensation vs Earnings: Bart's compensation has been consistent with company performance over the past year.

CEO

Bart Brookman (61 yo)

9.2yrs

Tenure

US$8,941,467

Compensation

Mr. Barton R. Brookman, Jr., also known as Bart, has been the Chief Executive Officer and President at PDC Energy, Inc., since January 1, 2015 and June 2014 respectively. Mr. Brookman served as the Chief O...

Leadership Team

NamePositionTenureCompensationOwnership
Barton Brookman
CEO, President & Director9.2yrsUS$8.94m0.54%
$ 34.8m
R. Meyers
Executive VP & CFO5.6yrsUS$3.72m0.13%
$ 8.7m
David Lillo
Senior Vice President of Operations3yrsUS$2.55m0.042%
$ 2.7m
Nicole Martinet
General Counsel4.6yrsUS$2.71m0.066%
$ 4.3m
Lance Lauck
Executive Vice President of Corporate Development & Strategy8.6yrsUS$3.55m0.19%
$ 12.1m
Troy Welling
Chief Accounting Officer and VP of Change of Control & Severance Planless than a yearno data0.015%
$ 979.9k
Erik Roach
Director of Reservoir Engineering & Technology5yrsno datano data
Sandra Jacoby
Senior Vice President of Corporate Administration2.6yrsno datano data
Aaron Vandeford
Director of Investor Relationsno datano datano data
George Courcier
Vice President of Marketing & Midstreamno datano datano data
Jaimie Bell
Director of Human Resources1.9yrsno datano data
Ronald Wirth
Vice President of Finance & Treasurer10.8yrsno datano data

4.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: PDCE's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Barton Brookman
CEO, President & Director8.6yrsUS$8.94m0.54%
$ 34.8m
Paul Korus
Independent Director3.6yrsUS$297.91k0.033%
$ 2.1m
Lynn Peterson
Independent Director3.6yrsUS$273.92k0.26%
$ 16.7m
Pamela Butcher
Independent Director1.5yrsUS$265.97k0.0055%
$ 353.4k
Mark Ellis
Independent Non-Executive Chairman7yrsUS$416.69k0.053%
$ 3.4m
Diana Sands
Independent Director2.5yrsUS$286.93k0.010%
$ 668.9k
Carlos Sabater
Independent Director2.3yrsUS$286.93k0.0082%
$ 526.2k

3.6yrs

Average Tenure

65yo

Average Age

Experienced Board: PDCE's board of directors are considered experienced (3.6 years average tenure).