Monday, March 3, 2025
Goodrich Petroleum - Presentation at EnerCom 2020

Goodrich Petroleum Announces Revised Capital Expenditure Budget And 2020 Guidance

Goodrich Petroleum Corporation (NYSE American: GDP) today announced it has lowered its 2020 preliminary capital expenditure budget by $15 million to $40 – $50  million, which is expected to generate free cash flow of an estimated $15 – $25 million at $2.00 – $2.50 natural gas prices. At the midpoint of this revised guidance, the Company estimates it will generate a free cash flow yield of approximately 13% and 40% on the Company’s current enterprise value