Private company

PDC ENERGY, INC.

American crude petroleum and natural gas company, incorporated in Delaware1

In its 2023 annual report the company says: “We are a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and the Delaware Basin in west Texas. Our operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and our Delaware Basin operations are primarily focused in the horizontal Wolfcamp zones.”73 It is headquartered in Denver, Colorado.1

Last updated Oct 20, 2026.

Overview

  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersDenver, Colorado1
  • Incorporated inDE2
  • Business address1099 18Th Street, Suite 1500, Denver, Co 802022
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

51.4%Operating margin3
41.4%Net margin3
68.3%Revenue growth, 20223
44.6%Return on equity3
0.33×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs47¢$2.0B
  • Interest2¢$64.7M
  • Income tax11¢$454.2M
  • Profit41¢$1.8B

Out of $4.3B in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Dividends paid7¢$181.6M
  • Kept or used elsewhere93¢$2.6B

Out of $2.8B of cash from operations.3

Financial statements

Revenue45673$4.3B in 2022+764% since 2016
0$2.0B$4.0B$6.0B2016: $497.4M$497.4M20162017: $913.1M$913.1M2017+84%2018: $1.4B$1.4B2018+52%2019: $1.3B$1.3B2019−6%2020: $1.2B$1.2B2020−12%2021: $2.6B$2.6B2021+121%2022: $4.3B$4.3B2022+68%
Operating income45673$2.2B in 2022
-$1.0B0$1.0B$2.0B$3.0B2016: -$332.1M-$332.1M20162017: -$238.3M-$238.3M2017−28%2018: $77.7M$77.7M20182019: $11.1M$11.1M2019−86%2020: -$643.5M-$643.5M20202021: $631.6M$631.6M20212022: $2.2B$2.2B2022+249%
Net income45673$1.8B in 2022
-$1.0B0$1.0B$2.0B2016: -$245.9M-$245.9M20162017: -$127.5M-$127.5M2017−48%2018: $2.0M$2.0M20182019: -$56.7M-$56.7M20192020: -$724.3M-$724.3M2020+1178%2021: $522.3M$522.3M20212022: $1.8B$1.8B2022+240%
Fiscal year2016201720182019202020212022
Revenue$497.4M4$913.1M5$1.4B6$1.3B7$1.2B3$2.6B3$4.3B3
Operating expenses$1.2B3$1.6B3
Operating income-$332.1M4-$238.3M5$77.7M6$11.1M7-$643.5M3$631.6M3$2.2B3
Interest$62.0M4$78.7M5$70.3M6$71.1M7$88.7M3$82.7M3$64.7M3
Income before tax$548.9M3$2.2B3
Income tax-$147.2M4-$211.9M5$5.4M6-$3.3M7-$7.9M3$26.6M3$454.2M3
Net income-$245.9M4-$127.5M5$2.0M6-$56.7M7-$724.3M3$522.3M3$1.8B3
Earnings per share-$5.014-$1.945$0.036-$0.897-$7.373$5.303$18.763
Earnings per share (diluted)-$5.014-$1.945$0.036-$0.897-$7.373$5.223$18.493
Shares (weighted, basic)98.5M shares394.8M shares3
Shares (weighted, diluted)100.2M shares396.2M shares3

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Corporate structure

PDC ENERGY, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PDC ENERGY, INC.

  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on PDC ENERGY, INC., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • FMR LLC Filed SC 13G on PDC ENERGY, INC., latest Feb 9, 2023
  • VANGUARD GROUP INC Filed SC 13G/A on PDC ENERGY, INC., latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • PDC ENERGY, INC. Denver, Colorado

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PDC ENERGY, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$25.4M3 Dec 31, 2022$19.9M3 Dec 31, 2021+27.5%
Construction in progress$716.3M3 Dec 31, 2022$372.0M3 Dec 31, 2021+92.6%
Property and equipment, before depreciation$12.3B3 Dec 31, 2022$9.1B3 Dec 31, 2021+35.5%
Accumulated depreciation$5.0B3 Dec 31, 2022$4.3B3 Dec 31, 2021+17.5%
Property and equipment, net$7.3B3 Dec 31, 2022$4.8B3 Dec 31, 2021+51.5%
Finance-lease assets$6.2M3 Dec 31, 2022$3.5M3 Dec 31, 2021+77.5%
Operating-lease assets (leased space)$19.6M3 Dec 31, 2022$7.6M3 Dec 31, 2021+156.6%
Oil and gas properties$7.3B3 Dec 31, 2022$4.8B3 Dec 31, 2021+51.5%

Real estate and locations

ItemLatestA year beforeChange
Area of land83,000 acres7 Dec 31, 202183,000 acres6 Dec 31, 20200%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.5M3 Dec 31, 2022$33.8M3 Dec 31, 2021−80.8%

Leadership

Who has led PDC ENERGY, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard W. McCullough2008–2011
  2. James M. Trimble2011–2014
  3. Barton R. Brookman Jr.2015–2023

Chair

  1. Richard W. McCullough2009–2011
  2. Jeffrey C. Swoveland2012

President

  1. Richard W. McCullough2008–2009
  2. James M. Trimble2011–2014
  3. Barton R. Brookman Jr.2015–2023

Chief financial officer

  1. Darwin L. Stump2006–2008
  2. Richard W. McCullough2006–2008
  3. Gysle R. Shellum2008–2016
  4. David Honeyfield2016–2017

Chief operating officer

  1. Barton R. Brookman Jr.2014
2010201520202025
Board members and other officers (31)

Former names

  • PETROLEUM DEVELOPMENT CORPFeb 14, 1994 to Jul 2, 20122

Timeline

  1. Aug 24, 20238-K Regulation FD disclosure53
  2. Aug 21, 20238-K Other events54
  3. Aug 7, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer55
  4. Aug 4, 20238-K Shareholder vote; Other events56
  5. Jul 28, 20238-K Other events57
  6. Jul 6, 20238-K Other events58
  7. May 26, 20238-K Shareholder vote59
  8. May 22, 20238-K Other events60
  9. May 22, 20238-K Entered a material agreement61
  10. May 19, 20238-K Entered a material agreement62
  11. May 3, 20238-K Results of operations63
  12. Feb 22, 20238-K Results of operations64
  13. Jan 5, 2015New chief executive Barton R. Brookman Jr. becomes CEO13
  14. Jun 13, 2011New chief executive James M. Trimble becomes CEO14
  15. Nov 18, 2008New chief executive Richard W. McCullough becomes CEO15

Calendar

When it reported results

  1. May 3, 2023Reported quarterly or annual results63
  2. Feb 22, 2023Reported quarterly or annual results64
  3. Nov 2, 2022Reported quarterly or annual results65
  4. Aug 4, 2022Reported quarterly or annual results66
  5. May 5, 2022Reported quarterly or annual results67
  6. Feb 28, 2022Reported quarterly or annual results68
  7. Nov 4, 2021Reported quarterly or annual results69

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

235 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 25 major events, 152 insider forms, 10 large holders, 40 other. The latest 20:

  1. Feb 9, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. Aug 25, 202315-12G EDGAR
  3. Aug 24, 20238-K EDGAR
  4. Aug 21, 20238-K EDGAR
  5. Aug 7, 202325-NSE EDGAR
  6. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  7. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  8. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  9. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  10. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  11. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  12. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  13. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  14. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  15. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  16. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  17. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  18. Aug 7, 20234 OWNERSHIP DOCUMENT EDGAR
  19. Aug 7, 2023S-8 POS EDGAR
  20. Aug 7, 2023S-8 POS EDGAR

The 235 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

77 open-market trades by officers, directors and large owners since October 2021: 2 buys and 75 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 17, 2023Meyers R ScottEVP, CFOSale2,500$70.87$177.2KForm 4
Jun 15, 2023Meyers R ScottEVP, CFOSale2,500$70.94$177.3KForm 4
Jun 1, 2023BROOKMAN BARTON R JRPresident and CEOSale2,000$68.71$137.4KForm 4
May 17, 2023Welling Troy M.SVP, OperationsSale1,200$63.37$76.0KForm 4
May 15, 2023Meyers R ScottEVP, CFOSale2,500$63.05$157.6KForm 4
May 1, 2023BROOKMAN BARTON R JRPresident and CEOSale2,000$63.84$127.7KForm 4
Apr 17, 2023Peterson Lynn ADirectorSale7,000$68.66$480.7KForm 4
Apr 17, 2023Meyers R ScottEVP, CFOSale2,500$69.70$174.2KForm 4
Apr 3, 2023BROOKMAN BARTON R JRPresident and CEOSale2,000$68.22$136.4KForm 4
Mar 21, 2023Peterson Lynn ADirectorSale7,000$62.00$434.0KForm 4
Mar 15, 2023Meyers R ScottEVP, CFOSale2,500$60.00$150.0KForm 4
Mar 1, 2023BROOKMAN BARTON R JRPresident and CEOSale2,000$66.23$132.5KForm 4
Feb 15, 2023Meyers R ScottEVP, CFOSale2,500$66.77$166.9KForm 4
Feb 15, 2023Peterson Lynn ADirectorSale7,000$65.78$460.5KForm 4
Feb 1, 2023BROOKMAN BARTON R JRPresident and CEOSale2,000$67.08$134.2KForm 4
Jan 17, 2023Meyers R ScottEVP, CFOSale2,500$67.45$168.6KForm 4
Jan 17, 2023Peterson Lynn ADirectorSale7,000$66.89$468.2KForm 4
Jan 3, 2023BROOKMAN BARTON R JRPresident and CEOSale2,000$62.49$125.0KForm 4
Dec 15, 2022Peterson Lynn ADirectorSale7,000$64.08$448.5KForm 4
Dec 5, 2022Butcher Pamela RDirectorBuy1,000$68.28$68.3KForm 4

All 77 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How PDC ENERGY, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPDC ENERGY, INC.1
  • CIK0000077877
  • Employer ID (EIN)95-26367301
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1099 18Th Street, Suite 1500, Denver, CO 802021
  • Mailing addressPdc Energy, Inc., 1099 18Th Street, Suite 1500, CO 802021
  • Phone303-860-58001
  • Shares outstanding87,004,784 as of Jul 25, 20239
  • Public float$5.9B as of Jun 30, 20223
  • On EDGAR sinceFeb 14, 19941
  • Filings2,085 in all: 4 (892), 8-K (458), SC 13G/A (110), 10-Q (86), 4/A (42), SC 13G (36), 425 (35), DEFA14A (33)1
    All 62 form types

    3 (32), CORRESP (32), 144 (31), 10-K (29), DEF 14A (28), UPLOAD (26), 8-K/A (20), S-8 POS (18), 424B5 (16), 11-K (14), DFAN14A (13), S-8 (13), 10-K/A (9), 424B3 (8), 5 (8), SC 13D (7), EFFECT (6), PRE 14A (6), S-4/A (6), S-3ASR (5), S-4 (5), SC 13D/A (5), FWP (4), NT 10-K (4), NT 10-Q (4), 3/A (3), 305B2 (3), 424B7 (3), PREC14A (3), 10-Q/A (2), ARS (2), CT ORDER (2), DEFC14A (2), DEL AM (2), POSASR (2), S-2/A (2), 15-12G (1), 15-15D (1), 25-NSE (1), 424A (1), 424B1 (1), 8-A12B/A (1), 8-A12G (1), 8-A12G/A (1), 8-K12B (1), DEFM14A (1), PRER14A (1), PRRN14A (1), S-2 (1), S-3 (1), S-3/A (1), SC TO-C (1), SC TO-T (1), SC TO-T/A (1)

  • Latest filingsAnnual report (10-K) Feb 22, 2023
    Quarterly report (10-Q) Aug 1, 2023
    Proxy statement (DEF 14A) Apr 12, 2023
    Latest 8-K (8-K) Aug 24, 2023

Sources

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