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PDC Energy

Energy & UtilitiesManufacturing & Industrialdrillingenergy efficiencynatural gasoil & gas

The company operates through two segments, Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas and natural gas liquids to midstream service providers, marketers, and utilities; and crude oil. The Gas Marketing segment purchases, aggregates, and sells natural gas; and purchases natural gas produced by third party producers for resale. This segment markets natural gas to third-party marketers and natural gas utilities, as well as to industrial and commercial customers. December 31, 2015, it had approximately 273 million barrels of crude oil equivalent of proved reserves; and owned an interest in approximately 3000 gross wells. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012.

Revenue(Q1, 2017)
$273.7 M
Market capitalization(2017-08-17)
$2.5 B
Company Growth (employees)
Type
Public
HQ
Denver, US
Founded
1969
Size (employees)
395 (est)
Website
pdce.com
PDC Energy was founded in 1969 and is headquartered in Denver, US

PDC Energy Office Locations

PDC Energy has an office in Denver
Denver, US (HQ)
3000 1775 Sherman St

PDC Energy Data and Metrics

PDC Energy Financial Metrics

PDC Energy's revenue was reported to be $273.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

273.7 m

Net income (Q1, 2017)

46.1 m

EBIT (Q1, 2017)

91.7 m

Market capitalization (17-Aug-2017)

2.5 b

Cash (31-Mar-2017)

207.6 m
PDC Energy's current market capitalization is $2.5 b.
USDFY, 2013FY, 2015FY, 2016

Revenue

392.7 m595.3 m382.9 m

Revenue growth, %

(36%)

Cost of goods sold

1.9 m290 k4.7 m

Gross profit

390.8 m595 m378.2 m

Gross profit Margin, %

100%100%99%

Sales and marketing expense

60 m

Operating expense total

60 m

EBIT

16.7 m(63.8 m)(332.1 m)

EBIT margin, %

4%(11%)(87%)

Interest expense

(12.9 m)(12.2 m)(62 m)

Interest income

337 k1.2 m963 k

Pre tax profit

21.3 m5.3 m(393.1 m)

Income tax expense

(8.1 m)(2.3 m)147.2 m

Net Income

(22.3 m)(68.3 m)(245.9 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017

Revenue

109.5 m224.6 m144.6 m51 m231.1 m90.8 m163.9 m273.7 m

Cost of goods sold

277 k190 k285 k275 k252 k210 k241 k

Gross profit

109.2 m224.4 m144.3 m50.7 m230.8 m90.6 m163.6 m

Gross profit Margin, %

100%100%100%99%100%100%100%

Sales and marketing expense

19.8 m

Operating expense total

19.8 m

EBIT

(35.8 m)101.3 m38.4 m(66.6 m)(51.9 m)(103 m)(15.3 m)91.7 m

EBIT margin, %

(33%)45%27%(131%)(22%)(113%)(9%)34%

Interest expense

(13.1 m)(11.8 m)(11.7 m)(11.6 m)(12.1 m)(11.9 m)(20.2 m)(19.5 m)

Interest income

152 k39 k1.1 m1.1 m1.4 m1.6 m140 k240 k

Pre tax profit

(48.7 m)89.5 m27.8 m(77 m)(62.7 m)(113.4 m)(35.3 m)72.5 m

Income tax expense

20.5 m(35.4 m)(10.7 m)30.1 m21.2 m41.8 m12 m(26.3 m)

Net Income

(30.3 m)23.7 m17.1 m(29.8 m)(71.3 m)(71.5 m)(190.3 m)46.1 m
USDFY, 2015FY, 2016

Cash

850 k244.1 m

Accounts Receivable

104.3 m143.4 m

Inventories

5.3 m3.5 m

Current Assets

332 m399.8 m

Goodwill

62 m

Total Assets

2.4 b4.5 b

Accounts Payable

92.6 m66.3 m

Total Debt

642.4 m1 b

Current Liabilities

301.3 m270.6 m

Total Liabilities

1.9 b

Additional Paid-in Capital

907.4 m2.5 b

Retained Earnings

380.4 m134.2 m

Total Equity

1.3 b2.6 b

Debt to Equity Ratio

0.5 x0.4 x

Debt to Assets Ratio

0.3 x0.2 x

Financial Leverage

1.8 x1.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017

Cash

40.4 m18.2 m67.5 m1.4 m3.7 m238.5 m1.2 b207.6 m

Accounts Receivable

116.9 m102.1 m98.2 m90 m106.8 m100.1 m99.9 m122.5 m

Current Assets

213.6 m157.2 m374.7 m251 m326.3 m528.1 m1.4 b411.8 m

Goodwill

56.1 m

Total Assets

2.1 b2.2 b2.5 b2.4 b2.3 b2.5 b3.4 b4.6 b

Accounts Payable

107.9 m106.7 m96.3 m79.7 m65.3 m73.9 m62.4 m144.4 m

Current Liabilities

381.3 m246.4 m249.7 m307.3 m335.8 m288.2 m219.3 m318 m

Additional Paid-in Capital

681 m686 m895.3 m898.4 m903 m1.2 b1.8 b2.5 b

Retained Earnings

263 m317 m465.8 m418.9 m377.4 m308.9 m190.1 m180.4 m

Total Equity

943.3 m1 b1.4 b1.3 b1.3 b1.5 b2 b2.7 b

Financial Leverage

2.2 x2.2 x1.8 x1.8 x1.8 x1.7 x1.7 x1.7 x
USDFY, 2013FY, 2015FY, 2016

Net Income

(22.3 m)(68.3 m)(245.9 m)

Depreciation and Amortization

129.5 m96.4 m416.9 m

Accounts Receivable

(35 m)24.8 m(32.6 m)

Accounts Payable

21.5 m(30.3 m)(162 k)

Cash From Operating Activities

159.2 m411.1 m486.3 m

Capital Expenditures

(394.9 m)(604.7 m)(436.9 m)

Cash From Investing Activities

(217.1 m)(604.3 m)(1.5 b)

Cash From Financing Activities

248.7 m178 m1.3 b

Interest Paid

48.8 m45.6 m43.4 m

Income Taxes Paid

(3 m)10 m167 k

Free Cash Flow

554.1 m1 b49.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017

Net Income

(30.3 m)23.7 m17.1 m(29.8 m)(71.3 m)(71.5 m)(190.3 m)46.1 m

Depreciation and Amortization

100.4 m151.3 m55.8 m125.9 m206.9 m97.4 m317.3 m109.3 m

Cash From Operating Activities

131.6 m202 m81.9 m146.5 m283 m101.2 m360.8 m139.5 m

Capital Expenditures

(293.6 m)(451.1 m)(176.1 m)(358.1 m)(489 m)(122.8 m)(353.7 m)

Cash From Investing Activities

(292.2 m)(449.5 m)(176.1 m)(357.9 m)(488.7 m)(122.7 m)(448.8 m)(173.6 m)

Cash From Financing Activities

7.7 m73 m145.6 m196.7 m193.3 m259.2 m1.3 b(2.4 m)

Interest Paid

23.7 m24.9 m569 k22.8 m23.5 m599 k23 m13.2 m

Income Taxes Paid

1.8 m1.8 m8.1 m9.9 m9.9 m167 k(39 k)

Free Cash Flow

(162.1 m)(249.1 m)(94.2 m)(211.7 m)(206 m)(21.6 m)7.1 m
USDY, 2017

Revenue/Employee

692.9 k

Financial Leverage

1.7 x

PDC Energy Market Value History

Market Position of PDC Energy

Competitors

EOG Resources
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Traffic Overview of PDC Energy

PDC Energy Company Life and Culture

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