Rice Energy Announces Three-Year Outlook With Upstream CAGR of 27%-33%
Rice Energy delivered production of 1,273 million cubic feet equivalent per day in the first quarter, which was 11% higher sequentially and 89% higher year over year. This compares with our forecast of 1,278 mmcfe/d. The firm reported first-quarter adjusted earnings before interest, taxes, depreciation and amortization, and exploration of $244 million, approximately 7% below consensus.In the release, the firm laid out its plans to increase the output of its exploration and production business w...
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