Whiting Petroleum Reports Fourth Quarter and Full Year 2020 Financial and Operating Results
DENVER–(BUSINESS WIRE)–Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) today announced fourth quarter and full year 2020 results.
Fourth Quarter and Full-Year 2020 Highlights
- Revenue was $212 million and $732 million for the quarter and year ending December 31, 2020, respectively
- Net loss was $1.2 million or $0.03 per diluted share for the quarter ending December 31, 2020
- Adjusted EBITDAX was $120 million and $382 million for the quarter and year ending December 31, 2020, respectively (see further discussion regarding the calculation of adjusted EBITDAX in “About Non-GAAP Financial Measures” below)
On September 1, 2020 (the “Emergence Date”) the Company emerged from voluntary…