pdc energy, inc. ("pdc" or the "company") (nasdaq: pdce) is focused on delivering organic growth from a liquids-rich portfolio through horizontal drilling while maintaining a solid balance sheet and debt metrics. pdc’s strategy is simple: increase shareholder value through the growth of reserves, production, and per share cash flow and earnings, while focusing on safe and efficient operations, environmental stewardship and community outreach. pdc’s primary focus is developing its over 3,000 horizontal drilling locations in the core wattenberg field located in colorado. the company also operates in the liquid-rich utica shale play in ohio. pdc is committed to optimizing margins through efficient drilling operations and sound asset management.
Company profile
Ticker
PDCE
Exchange
Website
CEO
Barton Brookman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PETROLEUM DEVELOPMENT CORP
SEC CIK
Corporate docs
Subsidiaries
PDC Permian, Inc. ...
IRS number
952636730
PDCE stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
25 Aug 23
8-K
Regulation FD Disclosure
24 Aug 23
8-K
Other Events
21 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Aug 23
POSASR
Automatic shelf registration (post-effective amendment)
7 Aug 23
25-NSE
Exchange delisting
7 Aug 23
8-K
Termination of a Material Definitive Agreement
7 Aug 23
Transcripts
PDCE
Earnings call transcript
2023 Q1
4 May 23
PDCE
Earnings call transcript
2022 Q4
23 Feb 23
PDCE
Earnings call transcript
2022 Q3
3 Nov 22
PDCE
Earnings call transcript
2022 Q2
5 Aug 22
PDCE
Earnings call transcript
2022 Q1
6 May 22
PDCE
Earnings call transcript
2021 Q4
1 Mar 22
PDCE
Earnings call transcript
2021 Q3
4 Nov 21
PDCE
Earnings call transcript
2021 Q2
8 Aug 21
PDCE
Earnings call transcript
2021 Q1
8 May 21
PDCE
Earnings call transcript
2020 Q4
25 Feb 21
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10.20 mm | 10.20 mm | 10.20 mm | 10.20 mm | 10.20 mm | 10.20 mm |
Cash burn (monthly) | 2.41 mm | 3.04 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 23.90 mm | 30.08 mm | n/a | n/a | n/a | n/a |
Cash remaining | -13.69 mm | -19.88 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -5.7 | -6.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 0 |
Closed positions | 350 |
Increased positions | 2 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 67.56 mm |
Total shares | 25.35 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Public Employees Retirement Association Of Colorado | 19.08 k | $438.00 k |
EMC Capital Management | 4.98 k | $262.00 k |
Strategic Investment Solutions | 875.00 | $63.95 mm |
Thrivent Trust Co of Tennessee | 374.00 | $27.00 k |
IFP Advisors | 39.00 | $2.88 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Aug 23 | Martinet Nicole L | RSU | Sale back to company | Dispose D | No | No | 0 | 25,077 | 0.00 | 0 |
7 Aug 23 | Martinet Nicole L | Common Stock | Sale back to company | Dispose D | No | No | 0 | 57,755 | 0.00 | 0 |
7 Aug 23 | Martinet Nicole L | Performance Shares (2023) PDC Common Stock | Sale back to company | Dispose D | No | No | 0 | 10,217 | 0.00 | 0 |
7 Aug 23 | Martinet Nicole L | Performance Shares (2022) PDC Common Stock | Sale back to company | Dispose D | No | No | 0 | 11,201 | 0.00 | 0 |
7 Aug 23 | Martinet Nicole L | Performance Shares (2021) PDC Common Stock | Sale back to company | Dispose D | No | No | 0 | 22,176 | 0.00 | 0 |
7 Aug 23 | Barton R Brookman JR | RSU | Sale back to company | Dispose D | No | No | 0 | 72,488 | 0.00 | 0 |
7 Aug 23 | Barton R Brookman JR | Common Stock | Sale back to company | Dispose D | No | No | 0 | 471,582 | 0.00 | 0 |
7 Aug 23 | Barton R Brookman JR | Stock Appreciation Rights PDC Common Stock | Sale back to company | Dispose D | No | No | 74.57 | 23,886 | 1.78 mm | 0 |
7 Aug 23 | Barton R Brookman JR | Stock Appreciation Rights PDC Common Stock | Sale back to company | Dispose D | No | No | 51.63 | 29,036 | 1.50 mm | 0 |
7 Aug 23 | Barton R Brookman JR | Stock Appreciation Rights PDC Common Stock | Sale back to company | Dispose D | No | No | 39.63 | 26,643 | 1.06 mm | 0 |