Company Quick10K Filing
PDC Energy
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 66 $2,282
10-K 2020-02-27 Annual: 2019-12-31
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-22 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-02-19 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-21 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-08-01 Quarter: 2013-06-30
10-Q 2013-05-01 Quarter: 2013-03-31
10-K 2013-02-27 Annual: 2012-12-31
10-Q 2012-11-01 Quarter: 2012-09-30
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-01 Annual: 2011-12-31
10-Q 2011-11-03 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-02-24 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-04 Annual: 2009-12-31
8-K 2020-02-26 Earnings, Exhibits
8-K 2020-02-24 Officers, Regulation FD
8-K 2020-01-14 Enter Agreement, M&A, Off-BS Arrangement, Off-BS Arrangement, Officers, Other Events, Exhibits
8-K 2020-01-13 Shareholder Vote
8-K 2020-01-03 Other Events
8-K 2019-12-05 Other Events
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-08-30 Enter Agreement, Exhibits
8-K 2019-08-25 Enter Agreement, Regulation FD, Other Events, Exhibits
8-K 2019-08-16 Officers
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-06-13 M&A
8-K 2019-05-31 M&A, Other Events
8-K 2019-05-29 Shareholder Vote
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-03-07 Other Events, Exhibits
8-K 2019-02-27 Earnings, Exhibits
8-K 2019-02-11 Earnings, Regulation FD, Exhibits
8-K 2018-12-12 Officers
8-K 2018-11-05 Earnings, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-06-20 Officers
8-K 2018-05-30 Officers, Shareholder Vote, Exhibits
8-K 2018-05-23 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-02-26 Earnings, Exhibits
8-K 2018-02-26 Earnings, Exhibits
8-K 2018-02-05 Officers, Exhibits
8-K 2018-01-03 Officers

PDC Energy Financials

PDCE Metrics, Comps, Filings

Annual | Quarterly

Business

In January 2018, we closed the acquisition of properties from Bayswater Exploration and Production LLC (the "Bayswater Asset Acquisition") for approximately $200.0 million in cash, after post-closing adjustments, including $21.0 million deposited into an escrow account in 2017. The $21.0 million deposit was included in other assets on our December 31, 2017 consolidated balance sheet. We acquired approximately 7,400 net acres, approximately 220 gross drilling locations and 24 operated horizontal wells that were either DUCs or in-process wells at the time of closing.

The final purchase price and allocation of the assets acquired and the liabilities assumed in the acquisition are presented below. Adjustments made subsequent to the preliminary purchase price stem from final settlement of the proceeds from operating activities and additional information we obtained about facts and circumstances that existed at the acquisition date that impact the underlying value of certain assets acquired and liabilities assumed. Such adjustments primarily relate to sales, operating expenses and capital costs from the effective date through closing.

The details of the final purchase price and allocation of the purchase price for the transaction, are presented below (in thousands):


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Chesapeake Energy (CHK) 3,061 0% 5.5 4% 16,540 12,310 8,265 0 675 2,404 13,218
Kosmos Energy (KOS) 2,527 0% 7.8 1% 4,466 3,582 1,237 0 23 578 4,517
Patterson Uti Energy (PTEN) 2,518 0% -11.3 -7% 5,192 1,913 3,043 0 -354 -301 3,388
PDC Energy (PDCE) 2,282 0% 5.1 3% 4,595 2,216 1,879 0 124 686 3,478
Matador Resources (MTDR) 2,140 0% 3.6 5% 3,751 1,911 890 0 197 570 2,056
Centennial Resource Development (CDEV) 2,021 0% 19.4 2% 4,535 1,268 916 0 85 148 2,870
Tellurian (TELL) 1,882 71% -14.2 -33% 417 176 13 9 -139 -129 1,836
Magnolia Oil & Gas (MGY) 1,810 0% 3.7 3% 3,531 747 1,073 0 120 572 2,113
Oasis Petroleum (OAS) 1,745 0% 3.8 3% 7,710 3,844 2,251 0 236 1,208 4,621
Range Resources (RRC) 1,737 84% -7.0 -16% 9,728 5,546 3,580 3,009 -1,599 -799 5,558
Jagged Peak Energy (JAG) 1,734 0% 15.4 6% 1,914 1,013 432 0 107 152 2,349
Sundance Energy Australia (SNDE) 1,691 0% 802 409 0 0 0 0 1,691
Antero Resources (AR) 1,663 0% 2.2 6% 17,331 8,991 4,759 0 1,009 2,416 5,266
Whiting Petroleum (WLL) 1,662 0% 3.7 3% 7,776 3,575 1,856 0 251 1,214 4,539
Southwestern Energy (SWN) 1,654 0% 3.2 15% 6,545 3,463 3,783 0 1,010 1,189 3,841
ENSCO (ESV) 1,582 0% 10.6 2% 20,683 7,416 1,896 0 393 512 5,436
Chesapeake Utilities (CPK) 1,528 0% 12.9 4% 1,681 1,137 700 0 60 146 1,884
Wildhorse Resource Development (WRD) 1,458 0% 5.4 5% 3,255 1,516 1,044 0 147 483 2,634
Callon Petroleum (CPE) 1,456 0% 5.2 6% 3,915 1,432 643 0 230 487 2,545
CNX Resources (CNX) 1,411 0% 3.6 4% 9,147 4,047 1,716 0 377 1,088 3,874

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash821931612441819
Accounts Receivable6594131104143198181
Inventory1111
PP&E1,6172,2071,8001,9384,0083,9334,003
Assets1,6981,8272,0252,3412,3714,4864,4204,544
Accounts Payable76831101309366150182
Long-Term Debt53267765705291,0441,1521,195
Liabilities1,0341,1241,0581,2031,0831,8631,9122,017
Stockholders' Equity6647039681,1371,2872,6232,5082,527
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue3963564118565953839221,549
Cost of Revenue
Gross Profit
R&D
SG&A61596411690112120171
Tax-02-1521002125
Net Income13-131-22155-68-246-1282
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating167175159237411486589889
Cash Investing-456-452-217-474-604-1,509-717-1,088
Cash Financing243271249601781,2666518