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Penn Virginia Corp Raises FY 2013 Production Guidance; Narrows FY 2013 EBITDA Guidance To A Range In Line With Analysts Estimates


Wednesday, 7 Aug 2013 04:03pm EDT 

Penn Virginia Corp announced that for fiscal 2013, it expects production to be 6.8 to 7.5 mmboe, or approximately 18,500 to 20,600 BOEPD, compared to previous guidance of 6.7 to 7.3 MMBOE, or approximately 18,200 to 20,000 BOEPD. Adjusted EBITDAX, a non-GAAP measure, is expected to be $310 million to $350 million, compared to previous guidance of $300 million to $360 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $333 million for fiscal 2013. 

Company Quote

5.13
-2.14 -29.44%
28 Nov 2014