Last $18.40 USD
Change Today +0.27 / 1.49%
Volume 1.5M
GDP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

goodrich petroleum corp (GDP) Snapshot

Open
$18.17
Previous Close
$18.13
Day High
$19.18
Day Low
$18.15
52 Week High
06/2/14 - $30.52
52 Week Low
02/20/14 - $11.80
Market Cap
817.5M
Average Volume 10 Days
1.8M
EPS TTM
$-2.34
Shares Outstanding
44.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOODRICH PETROLEUM CORP (GDP)

goodrich petroleum corp (GDP) Related Businessweek News

No Related Businessweek News Found

goodrich petroleum corp (GDP) Details

Goodrich Petroleum Corporation, an independent oil and natural gas company, is engaged in the exploration, development, and production of oil and natural gas. The company holds interest in the Eagle Ford Shale Trend located in South Texas; the Haynesville Shale and Cotton Valley Taylor Sand in northwest Louisiana and East Texas; and the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana. It owns working interests in 436 producing oil and natural gas wells located in 44 fields in 8 states. As of December 31, 2013, the company had estimated proved reserves of approximately 452.2 billion cubic feet equivalent of natural gas, 6.3 million barrels of crude oil or other liquid hydrocarbons (MMBbls) of natural gas liquids, and 14.1 MMBbls of oil and condensate. Goodrich Petroleum Corporation was founded in 1995 and is headquartered in Houston, Texas.

goodrich petroleum corp (GDP) Top Compensated Officers

Executive Vice Chairman, Chief Executive Offi...
Total Annual Compensation: $478.4K
President, Chief Operating Officer and Non-In...
Total Annual Compensation: $452.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $291.2K
Executive Vice President
Total Annual Compensation: $353.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $286.0K
Compensation as of Fiscal Year 2013.

goodrich petroleum corp (GDP) Key Developments

Goodrich Petroleum Corp. Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for Third Quarter of 2014 and Capital Expenditure Guidance for Full Year of 2014; Projects Tax Rate for the Full Year of 2014

Goodrich Petroleum Corp. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $53.319 million compared to $48.485 million a year ago. Operating loss was $3.552 million compared to $14.192 million a year ago. Loss before income taxes was $25.106 million compared to $16.143 million a year ago. Net loss applicable to common stock was $32.536 million or $0.73 per diluted share compared to $20.099 million or $0.55 per diluted share a year ago. Adjusted net loss applicable to common stock was $21.303 million or $0.48 per diluted share compared to $23.021 million or $0.63 per diluted share a year ago. Net cash provided by operating activities was $63.291 million compared to $29.588 million a year ago. Adjusted EBITDAX was $31.450 million compared to $31.524 million a year ago. Adjusted revenues were $50.240 million compared to $48.568 million a year ago. Adjusted operating loss was $6.631 million compared to $14.109 million a year ago. Capital expenditures totaled $106.5 million in the quarter, of which $89.9 million was spent on drilling and completion costs, $13.2 million on leasehold acquisition and $3.4 million on facilities, capital workovers and other expenditures. Approximately 70% of the quarter's total capital expenditures were spent in the TMS drilling and completing wells and extending existing leasehold for future drilling operations. For six months, total revenues were $105.122 million compared to $95.569 million a year ago. Operating loss was $5.675 million compared to $27.334 million a year ago. Loss before income taxes was $47.598 million compared to $44.606 million a year ago. Net loss applicable to common stock was $62.459 million or $1.41 per diluted share compared to $50.074 million or $1.36 per diluted share a year ago. Adjusted net loss applicable to common stock was $44.181 million or $1.00 per diluted share compared to $48.884 million or $1.33 per diluted share a year ago. Net cash provided by operating activities was $69.846 million compared to $35.860 million a year ago. Adjusted EBITDAX was $60.501 million compared to $58.574 million a year ago. Adjusted revenues were $99.312 million compared to $95.804 million a year ago. Adjusted operating loss was $11.485 million compared to $27.099 million a year ago. Capital expenditures for the first six months of the year totaled $162.3 million. Production totaled 6.2 billion cubic feet equivalent ("Bcfe") in the quarter, or an average of 68,600 Mcfe/day, versus 6.7 Bcfe, or an average of 73,200 Mcfe/day in the prior year period. Oil production totaled 381,000 barrels of oil in the quarter, or an average of approximately 4,200 Bbls/day, versus 292,000 barrels of oil, or an average of approximately 3,200 Bbls/day, in the prior year period. Oil production grew 11% sequentially over the prior quarter. Oil production growth for the quarter was back-end loaded, with current production of approximately 4,800 -- 5,000 Bbls/day. Natural gas production totaled 4.0 Bcf in the quarter, or an average of approximately 43,500 Mcf/day, versus 4.9 Bcf, or an average of 54,000 Mcf/day, in the prior year period. For six months, the company reported production of natural gas of 8,388 MMcf compared to 9,050 MMcf a year ago. Oil and condensate is 722 MBbls compared to 600 MBbls. Total production is 12,721 MMcfe compared to 12,651 MMcfe a year ago. Oil production was 70,281 Mcfe per day compared to 69,893 Mcfe per day. The Company currently anticipates that its full year 2014 capital expenditure budget will be at the low end of the previously issued guidance range of $325 - $375 million. The company projecting a 0 tax rate for the full year of 2014. The Company anticipates producing 37,000 - 39,000 Mcf/day of natural gas during the third quarter of 2014. The company expects oil production of 4,800 - 5,400 Bbls/day.

Goodrich Petroleum Corp. to Report Q2, 2014 Results on Aug 07, 2014

Goodrich Petroleum Corp. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 07, 2014

Goodrich Petroleum Corp., Q2 2014 Earnings Call, Aug 07, 2014

Goodrich Petroleum Corp., Q2 2014 Earnings Call, Aug 07, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GDP:US $18.40 USD +0.27

GDP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for GDP.
View Industry Companies
 

Industry Analysis

GDP

Industry Average

Valuation GDP Industry Range
No financial data is available for GDP.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GOODRICH PETROLEUM CORP, please visit www.goodrichpetroleum.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.