Q: comments on todays result please
5i Research Answer:
BTE missed EPS expectations of 13c coming in at a loss of 2c. Revenue beat estimates of $900.2M coming in at $984.19M. Cash flows from operating activities were $384M ($0.47 per basic share) in Q1. Adjusted funds flow per share increased by 21% year-over-year to $424 million ($0.52 per basic share). Production per share by 15% year-over-year and averaged 150,620 boe/d, consistent with full-year guidance. Buybacks are expected to accelerate in the second half of the year. Not a bad quarter from a production and cah flow perspective.