Gray Reports Second Quarter Operating Results
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Frontera Announces First Quarter 2021 Results
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IN LINE WITH GUIDANCE
INCREASED OPERATING EBITDA BY 94% TO $69.2 MILLION AND
REDUCED PRODUCTION COSTS PER BARREL BY 22% COMPARED TO Q4/2020
RECEIVED FAVOURABLE OPINION ON CONCILIATION AGREEMENT
FROM PROCURADURÍA GENERAL DE LA NACIÓN
TARGETING AN EARLY THIRD QUARTER SPUD FOR THE GUYANA KAWA-1 WELL
TORONTO, May 5, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today reported financial and operational results for the first quarter ended March 31, 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated.
First Quarter Operational and Financial Results:
Gray Reports First Quarter Operating Results
ATLANTA, May 03, 2021 (GLOBE NEWSWIRE)
Gray Television, Inc. (“Gray,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2021. Along with the decreasing impact of the novel coronavirus and its disease (collectively, “COVID-19”) on economic activity, our prudent cost management, strategic sales initiatives and training, and focused management at every level resulted in strong operating results for the first quarter. Key financial results were as follows:
Revenue of $544 million, an increase of $10 million, or 2%, from the first quarter of 2020. The primary components of revenue were: combined local and national broadcast advertising revenue of $260 million, political advertising revenue of $9 million, and retransmission consent revenue of $247 million.