PDC Energy

OverviewSuggest Edit

PDC Energy is an independent exploration and production company, acquiring, exploring for, developing and producing crude oil, natural gas and natural gas liquids. 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 and marketers; and crude oil. The Gas Marketing segment purchases, aggregates and sells natural gas.

TypePublic
Founded1969
HQDenver, CO, USMap
Websitepdce.com
Employee Ratings3.1More
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Employees (est.) (Dec 2019)540(-10%)
Revenue (FY, 2019)$1.2 B(-25%)
Share Price (Jan 2021)$24.5 (+2%)
Cybersecurity ratingCMore

Key People/Management at PDC Energy

Nathan Anderson

Nathan Anderson

Senior Asset Director
Scott Canonico

Scott Canonico

Vice President Environment, Health and Safety
Barton R. Brookman

Barton R. Brookman

President, Chief Executive Officer and Director
Lance A. Lauck

Lance A. Lauck

Executive Vice President Corporate Development and Strategy
Julie Blaser

Julie Blaser

Vice President & Assistant General Counsel
Anthony J. Crisafio

Anthony J. Crisafio

Director
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PDC Energy Office Locations

PDC Energy has offices in Denver and Bridgeport
Denver, CO, US (HQ)
1775 Sherman St #3000
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PDC Energy Financials and Metrics

PDC Energy Revenue

PDC Energy's revenue was reported to be $1.16 b in FY, 2019
USD

Revenue (Q3, 2020)

249.2m

Net income (Q3, 2020)

(30.8m)

EBIT (Q3, 2020)

(9.6m)

Market capitalization (19-Jan-2021)

2.4b

Closing stock price (19-Jan-2021)

24.5

Cash (30-Sept-2020)

3.8m

EV

4.2b
PDC Energy's current market capitalization is $2.4 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

396.0m356.1m856.2m595.3m382.9m921.6m1.5b1.2b

Revenue growth, %

(36%)

Cost of goods sold

65.5m46.6m72.0m11.7m10.2m

Gross profit

330.5m309.6m784.2m583.6m372.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

113.4m145.0m100.3m106.0m41.2m71.8m121.3m77.1m130.3m109.5m224.6m144.6m51.0m231.1m90.8m163.9m273.7m275.2m183.2m260.6m212.5m280.7m134.5m390.7m365.9m757.0m54.4m249.2m

Cost of goods sold

18.2m17.2m11.5m8.8m11.6m13.7m18.1m17.1m26.9m22.4m13.3m3.3m2.8m2.8m210.0k3.1m

Gross profit

95.2m127.8m88.9m97.3m29.6m58.1m103.2m60.0m103.4m87.0m211.2m141.4m48.1m228.3m90.6m160.8m

Gross profit Margin, %

84%88%89%92%72%81%85%78%79%80%94%98%94%99%100%98%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

8.2m2.5m192.6m850.0k244.1m180.7m1.4m963.0k

Accounts Receivable

59.9m64.9m88.1m104.3m143.4m197.6m181.4m266.4m

Prepaid Expenses

24.5m7.6m4.7m5.3m8.6m7.1m8.6m

Inventories

1.2m3.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

6.8m32.3m1.7m6.0m2.9m2.5m43.2m298.5m147.2m40.4m18.7m67.5m1.4m3.7m238.5m1.2b207.6m202.3m136.4m45.9m1.4m1.4m1.1m1.5m4.6m61.2m1.2m3.8m

Accounts Receivable

57.2m46.7m64.0m56.3m46.9m65.8m73.9m56.2m104.3m116.9m102.1m98.2m90.0m106.8m100.1m99.9m122.5m135.2m167.3m181.0m195.3m241.2m190.8m277.3m253.1m270.0m196.3m207.2m

Prepaid Expenses

15.9m11.5m7.7m10.7m4.8m7.9m8.0m9.1m5.1m4.9m5.3m5.2m3.7m7.7m4.9m4.7m6.6m8.1m8.9m6.7m6.7m7.9m5.6m7.9m9.8m7.6m12.0m

Current Assets

127.9m195.5m160.0m153.9m117.2m152.7m177.2m404.4m293.6m213.6m157.2m374.7m251.0m326.3m528.1m1.4b411.8m396.2m334.7m264.5m218.3m256.8m213.2m325.8m341.4m720.4m427.5m361.6m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

13.4m(130.7m)155.4m(68.3m)(245.9m)(127.5m)2.0m(56.7m)

Depreciation and Amortization

135.2m146.9m201.7m303.3m416.9m

Accounts Payable

(12.4m)5.1m16.3m(29.6m)

Cash From Operating Activities

166.8m174.7m236.7m411.1m486.3m588.6m889.3m858.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(10.8m)21.8m15.8m28.1m(4.5m)(39.4m)(19.5m)(35.5m)(2.1m)(30.3m)23.7m17.1m(29.8m)(71.3m)(71.5m)(190.3m)46.1m87.4m(205.1m)(13.1m)(173.4m)(176.8m)(120.2m)(51.6m)(35.7m)(465.0m)(686.8m)(717.6m)

Depreciation and Amortization

65.0m99.3m39.8m74.3m106.7m30.2m58.0m88.9m46.6m100.4m151.3m55.8m125.9m206.9m97.4m317.3m109.3m235.3m360.6m126.8m262.4m410.0m151.4m319.9m491.8m176.2m325.6m470.2m

Cash From Operating Activities

71.6m105.5m44.3m69.7m127.2m44.3m42.0m119.5m80.5m131.6m202.0m81.9m146.5m283.0m101.2m360.8m139.5m263.2m411.4m205.1m380.9m577.8m181.9m442.2m675.7m266.3m369.3m649.3m

Purchases of PP&E

(41.4m)(10.0m)(180.8m)(181.1m)(181.6m)(4.1m)(12.4m)
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USDQ2, 2011

Financial Leverage

2.3 x
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PDC Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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PDC Energy Online and Social Media Presence

PDC Energy's Trends

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PDC Energy News and Updates

November 04, 2020

PDC Energy Announces 2020 Third Quarter Operating and Financial Results and Recently Approved Colorado Drilling Permit Applications

DENVER, Nov. 04, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 third quarter operating and financial results. 
September 10, 2020

PDC Energy Launches $150 Million Tack-on Senior Notes Offering

DENVER, Sept. 10, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that, subject to market conditions, the Company is commencing a registered offering of an additional $150 million aggregate principal amount of its existing 5.75% Senior Notes due 202…
September 02, 2020

PDC Energy Publishes Inaugural 2020 Sustainability Report

DENVER, Sept. 02, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced publication of its 2020 Sustainability Report, highlighting the Company’s efforts and commitments to responsibly develop oil and natural gas in 2019 and beyond. The report builds on P…
July 07, 2020

PDC Energy Announces Second Quarter 2020 Conference Call – Thursday, August 6, 2020

DENVER, July 07, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss second quarter 2020 operating and financial results. The Company plans to issue its news release after market close on Wednesday, August 5, f…
February 26, 2020

PDC Energy Announces 2019 Operating and Financial Results, 2020 Guidance and 2021 Outlook

DENVER, Feb. 26, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2019 full-year and fourth quarter operating and financial results.  The Company also provided detailed 2020 guidance and a preliminary 2021 outlook.
January 17, 2020

PDC Energy Announces Offer to Repurchase 6.250% Senior Notes Due 2025

DENVER, Jan. 17, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today that is has commenced an offer to repurchase its outstanding $550 million aggregate principal amount of 6.250% Senior Notes due 2025 (CUSIP No. 78470VAC2) (the “Notes”) at 101% of the…
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PDC Energy Blogs

October 07, 2020

PDC Energy Announces Third Quarter 2020 Conference Call – Thursday, November 5, 2020

PDC Energy Announces Third Quarter 2020 Conference Call – Thursday, November 5, 2020 Content Import Wed, 10/07/2020 - 11:15 PDC Energy Announces Third Quarter 2020 Conference Call – Thursday, November 5, 2020 October 7, 2020 at 11:15 AM EDT This release is a b…
August 05, 2020

PDC Energy Announces 2020 Second Quarter Results and Provides Significantly Improved 2020 Full-Year Guidance

DENVER , Aug. 05, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 second quarter operating and financial results.  The Company also updated its 2020 guidance including a substantial increase to its projected free cash flow, a non- U.S.
May 07, 2020

PDC Energy Announces 2020 First Quarter Results and Provides Projected 2020 Guidance

PDC Energy Announces 2020 First Quarter Results and Provides Projected 2020 Guidance Content Import Thu, 05/07/2020 - 16:31 PDC Energy Announces 2020 First Quarter Results and Provides Projected 2020 Guidance May 7, 2020 at 4:30 PM EDT This release is a backfi…
April 30, 2020

PDC Energy Announces First Quarter 2020 Conference Call – Friday, May 8, 2020

PDC Energy Announces First Quarter 2020 Conference Call – Friday, May 8, 2020 Content Import Thu, 04/30/2020 - 18:03 PDC Energy Announces First Quarter 2020 Conference Call – Friday, May 8, 2020 April 30, 2020 at 6:03 PM EDT This release is a backfill from a N…
March 11, 2020

PDC Energy Announces Update to 2020 Operating Plan

DENVER , March 11, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today an operational update and changes to its 2020 guidance and 2021 outlook. The Company expects to reduce its full-year capital investments by 20 to 25 percent compared to its original
February 21, 2020

PDC Energy Announces Results and Settlement of Purchase Offer of Outstanding 6.25% Senior Notes

DENVER , Feb. 21, 2020 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today the final results and settlement of its offer to purchase for cash any and all of its outstanding 6.25% Senior Notes due 2025 (CUSIP No. 78470VAC2) (the “Notes”).  PDC assumed the
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 PDC Energy Frequently Asked Questions

  • When was PDC Energy founded?

    PDC Energy was founded in 1969.

  • Who are PDC Energy key executives?

    PDC Energy's key executives are Nathan Anderson, Scott Canonico and Barton R. Brookman.

  • How many employees does PDC Energy have?

    PDC Energy has 540 employees.

  • What is PDC Energy revenue?

    Latest PDC Energy annual revenue is $1.2 b.

  • What is PDC Energy revenue per employee?

    Latest PDC Energy revenue per employee is $2.1 m.

  • Who are PDC Energy competitors?

    Competitors of PDC Energy include Dome Energy, EOG Resources and Sandridge Energy.

  • Where is PDC Energy headquarters?

    PDC Energy headquarters is located at 1775 Sherman St #3000, Denver.

  • Where are PDC Energy offices?

    PDC Energy has offices in Denver and Bridgeport.

  • How many offices does PDC Energy have?

    PDC Energy has 2 offices.