Whiting Petroleum (WLL) Misses Q3 EPS by 23c, Revenues Beat

Whiting Petroleum (NYSE: WLL) reported Q3 EPS of ($0.34), $0.23 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $184 million versus the consensus estimate of $182.3 million.

Third Quarter 2020 Highlights

• Revenue was $184 million for the quarter ending September 30, 2020
• Net income was $278 million, or $7.30 per diluted share for the quarter ending September 30, 2020
• Adjusted EBITDAX was $100 million for the quarter ending September 30, 2020 (see further discussion regarding the presentation of adjusted EBITDAX in "About Non-GAAP Financial Measures" below)
• Emerged from bankruptcy with a strong balance sheet and liquidity position

For earnings history and earnings-related data on Whiting Petroleum (WLL) click here.

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