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Missing market estimates, PDC Energy reports adjusted net loss in Q4'18

Feb 28, 2019 - SNL Energy Finance Daily

PDC Energy Inc. on Feb. 27 reported a fourth-quarter 2018 adjusted net loss of $146.7 million, or $2.22 per share, down from adjusted net income of $130.9 million, or $1.98 per share, in the fourth quarter of 2017.

The S&P Global Market Intelligence consensus normalized earnings estimate for the fourth quarter of 2018 was 56 cents per share.

The company's GAAP net income came in at $178.9 million, up from $77.6 million for the same period a year earlier.

Revenue totaled $794.81...