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PetroQuest Energy Announces Amendment to PIK Notes Indenture
PetroQuest Energy Announces Amendment to PIK Notes Indenture LAFAYETTE, La., Nov. 05, 2019 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (“PetroQuest” or the “Company”) announced that it has entered into Supplemental Indenture No. 1 to the Indenture, dated as of February 8, 2019, relating to the Company’s 10% Senior Secured PIK Notes due 2024 (the “PIK Notes Indenture”), which amends certain terms of the PIK Notes Indenture. As a result of the amendments, PetroQuest is no longer obligated to voluntarily file annual or other reports as are specified in Sections 13 and 15(d) of the Securities...
PetroQuest Energy Announces Successful Completion of Financial Restruc...
PetroQuest Energy Announces Successful Completion of Financial Restructuring; Provides 2018 Estimated Proved Oil and Gas Reserves and Production LAFAYETTE, La., Feb. 11, 2019 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. today announced that the conditions to effectiveness of the Company’s Chapter 11 Plan of Reorganization, which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on January 31, 2019, have been satisfied and the Company has emerged from bankruptcy. Through this process, the Company has enhanced its balance sheet position by eliminating ap...
Petroquest Energy Takes Definitive Action to Reduce Its Debt by Enteri...
Petroquest Energy Takes Definitive Action to Reduce Its Debt by Entering Restructuring Support Agreement With First Lien Lenders and Approximately 85% of Second Lien Noteholders Files for Chapter 11 to Implement Agreed Plan LAFAYETTE, La., Nov. 07, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX: PQUE) today announced that it and certain of its direct and indirect subsidiaries entered into a restructuring support agreement (“RSA”) with its first lien lenders and second lien noteholders to permanently reduce its debt and the related interest expense in ways that su...
PetroQuest Energy Announces Third Quarter 2018 Results
PetroQuest Energy Announces Third Quarter 2018 Results LAFAYETTE, La., Nov. 05, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the "Company") today announced a loss to common stockholders for the quarter ended September 30, 2018 of $4,979,000, or $0.19 per share, compared to third quarter 2017 loss to common stockholders of $3,085,000, or $0.15 per share. For the first nine months of 2018, the Company reported a loss of $9,802,000, or $0.38 per share, compared to a loss of $11,387,000, or $0.54 per share, for the 2017 period. Discretionary cash flow for the third quarter of 2018 was $...
PetroQuest Energy, Inc. Extends Forbearance Agreements
PetroQuest Energy, Inc. Extends Forbearance Agreements LAFAYETTE, La., Oct. 31, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that it has extended its previously announced forbearance agreements (as amended prior to the date hereof, the “Forbearance Agreements”) with the administrative agent and the lenders under its multi-draw term loan agreement (the “Loan Agreement”), the holders of approximately 77.9% of the outstanding aggregate principal amount of its 10% Second Lien Secured Senior Notes due 2021 (the “2021 Notes”) and the holders of a...
PetroQuest Energy, Inc. Extends Forbearance Agreements
PetroQuest Energy, Inc. Extends Forbearance Agreements LAFAYETTE, La., Oct. 19, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that it has extended its previously announced forbearance agreements (as amended prior to the date hereof, the “Forbearance Agreements”) with the administrative agent and the lenders under its multi-draw term loan agreement (the “Loan Agreement”), the holders of approximately 77.9% of the outstanding aggregate principal amount of its 10% Second Lien Secured Senior Notes due 2021 (the “2021 Notes”) and the holders of a...
PetroQuest Energy, Inc. Announces Third Quarter 2018 Earnings Release ...
PetroQuest Energy, Inc. Announces Third Quarter 2018 Earnings Release Date LAFAYETTE, La., Oct. 16, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the "Company") (OTCQX:PQUE) plans to release third quarter 2018 financial results after the market closes on November 5, 2018. The Company will not host a conference call associated with the earnings release. About the CompanyPetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in Texas and Louisiana. PetroQuest's common stock trades on ...
PetroQuest Energy, Inc. Extends Forbearance Agreements
PetroQuest Energy, Inc. Extends Forbearance Agreements LAFAYETTE, La., Oct. 05, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that it has extended its previously announced forbearance agreements (as amended prior to the date hereof, the “Forbearance Agreements”) with the administrative agent and the lenders under its multi-draw term loan agreement (the “Loan Agreement”), the holders of approximately 77.9% of the outstanding aggregate principal amount of its 10% Second Lien Secured Senior Notes due 2021 (the “2021 Notes”) and the holders of a...
PetroQuest Energy, Inc. Extends Forbearance Agreements
PetroQuest Energy, Inc. Extends Forbearance Agreements LAFAYETTE, La., Sept. 28, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that it has extended its previously announced forbearance agreements (the “Forbearance Agreements”) with the administrative agent and the lenders under its multi-draw term loan agreement (the “Loan Agreement”), the holders of approximately 77.9% of the outstanding aggregate principal amount of its 10% Second Lien Secured Senior Notes due 2021 (the “2021 Notes”) and the holders of approximately 70.7% of the outstandin...
PetroQuest Energy, Inc. Enters into Forbearance Agreements
PetroQuest Energy, Inc. Enters into Forbearance Agreements LAFAYETTE, La., Sept. 14, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that it has entered into forbearance agreements (the “Forbearance Agreements”) with the administrative agent and the lenders under its multi-draw term loan agreement (the “Loan Agreement”), the holders of approximately 77.9% of the outstanding aggregate principal amount of its 10% Second Lien Secured Senior Notes due 2021 (the “2021 Notes”) and the holders of approximately 70.7% of the outstanding aggregate princ...
PetroQuest Energy, Inc. Elects Not to Make Interest Payments on Senior...
PetroQuest Energy, Inc. Elects Not to Make Interest Payments on Senior Secured Notes and Enters into 30 Day Grace Period LAFAYETTE, La., Aug. 15, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that, in order to preserve liquidity, it has elected not to make the semi-annual interest payments totaling approximately $14.2 million due on August 15, 2018 with respect to its outstanding $9.4 million principal amount of 10% Second Lien Senior Secured Notes due 2021 (the “2021 Notes”) and its outstanding $275.0 million principal amount of 10% Second ...
PetroQuest Energy Announces Second Quarter 2018 Results
PetroQuest Energy Announces Second Quarter 2018 Results LAFAYETTE, La., Aug. 06, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the "Company") today announced a loss to common stockholders for the quarter ended June 30, 2018 of $2,611,000, or $0.10 per share, compared to second quarter 2017 loss to common stockholders of $3,385,000, or $0.16 per share. For the first six months of 2018, the Company reported a loss of $4,823,000, or $0.19 per share, compared to a loss of $8,303,000, or $0.39 per share, for the 2017 period. Discretionary cash flow for the second quarter of 2018 was $5,18...
PetroQuest Energy, Inc. Announces Review of Alternatives Related to it...
PetroQuest Energy, Inc. Announces Review of Alternatives Related to its Capital Structure, Engagement of Advisors and Second Quarter 2018 Earnings Release Date LAFAYETTE, La., July 31, 2018 (GLOBE NEWSWIRE) -- PetroQuest Energy, Inc. (the "Company") (OTCQX:PQUE) announced today that the Company is analyzing and evaluating various alternatives with respect to its capital structure, including the Company’s significant amount of indebtedness, liquidity and upcoming cash interest payment on its Second Lien Senior Secured Notes due 2021, which is due on August 15, 2018. To assist the Board of...
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Moody's withdraws PetroQuest Energy, Inc.'s ratings
Rating Action: Moody's withdraws PetroQuest Energy, Inc.' s ratings. Global Credit Research- 26 Jun 2017. New York, June 26, 2017-- Moody's Investors Service, has withdrawn all assigned ratings for PetroQuest Energy, Inc., including the Caa3 Corporate Family Rating, following the elimination of all of its rated debt.
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
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