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US Independents Q1 2023 earnings recap
Report summary
First-quarter results were strong, with many companies beating analyst expectations on earnings and production. But with lower commodity prices, the quarter gave a preview into what a true “mid-cycle” E&P business might look like. Free cash flow and variable dividends have come back to earth. But by sticking to capital discipline commitments, many companies are still on track for a very profitable year.
Table of contents
- Previous earnings recap
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