BRIEF-Bonanza Creek Energy Announces Q1 2021 Financial Results

Reuters

May 04, 2021

May 3 (Reuters) - Bonanza Creek Energy Inc :

* BONANZA CREEK ENERGY ANNOUNCES FIRST QUARTER 2021 FINANCIAL RESULTS, INITIATION OF A QUARTERLY DIVIDEND, AND FORMATION OF AN ESG COMMITTEE OF THE BOARD OF DIRECTORS

* BONANZA CREEK ENERGY - AVERAGE SALES VOLUMES FOR Q1 2021 OF 20.9 THOUSAND BARRELS OF OIL EQUIVALENT PER DAY ("MBOE/D")

* 2Q - 4Q 2021 PRODUCTION GUIDANCE OF 40.0 TO 44.0 MBOE/D WITH OIL REPRESENTING 48% TO 52% OF TOTAL VOLUMES

* TOTAL 2021 ANNUAL CAPITAL EXPENDITURES ARE EXPECTED TO BE BETWEEN $150 AND $170 MILLION

* 2Q - 4Q 2021 LOE GUIDANCE OF $3.00 TO $3.25 PER BOE

* EXPECTS OIL MIX DECLINE TO MODERATE IN 2021 AS ACTIVITY RESUMES

* NET OIL AND GAS REVENUE FOR Q1 OF 2021 WAS $74.2 MILLION COMPARED TO $62.6 MILLION FOR Q4 OF 2020

* QTRLY LOSS PER SHARE $0.01

* QTRLY ADJUSTED NET INCOME PER DILUTED SHARE $0.88

* Q1 EARNINGS PER SHARE VIEW $0.75, REVENUE VIEW $62.7 MILLION -- REFINITIV IBES DATA

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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