WPX Energy in Tulsa plans to discuss its second-quarter 2020 financial and operations results during a webcast on Thursday, July 30, 2020, beginning at 10 a.m. Eastern.
Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance.
The company reported an unaudited first quarter loss to common shareholders of $208 million or a loss of $0.46 a share on a diluted basis. Cash flow from operations was $256 million, down 6% compared to the first quarter of 2019.
Company leaders said the first-quarter loss was primarily driven by $1 billion of impairments to the book value of the company’s assets in the Williston Basin.
Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. The slides for the event will be posted on WPX’s website on Wednesday, July 29, 2020, at 4:15 p.m. Eastern.
