Goodrich Petroleum Announces First Quarter 2021 Financial Results
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HOUSTON, May 6, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced financial results for the first quarter ended March 31, 2021.
QUARTER HIGHLIGHTS
Adjusted net income (net income prior to change in fair value of derivatives not designated as hedges) was $7.1 million for the quarter. Net income was $4.5 million in the quarter ($0.34 per basic and $0.30 per fully diluted share).
Adjusted EBITDA was $20.3 million in the quarter. Discretionary cash flow ("DCF"), defined as net cash provided by operating activities before changes in working capital, was $19.6 million in the quarter.