Delphi reported 3Q19 results which were mixed in nature, as production largely overlaid both GMPFE and consensus estimates, though both capex and FFO were subject to non-recurring items that muddied the quarterly results.
Production was reported at 8,386 boe/d, in line with both GMPFE and consensus estimates of 8,404 boe/d and 8,443 boe/d, respectively. Recall, declines took hold as the company’s syndicate imparted a $4mm capital spend limit through to the end of November 20