PDC Energy - NASDAQ - PDCE  Patriot Sponsor 2023

PDC Energy’s long-term strategy is to generate stockholder value through the acquisition, exploration and development of crude oil and natural gas assets capable of generating sustainable free cash flow. Maintaining a conservative and disciplined financial strategy, which includes a strong balance sheet and solid debt metrics, abundant liquidity and a robust hedging program is critical to our success. PDC is focused on significant shareholder returns in the form of its quarterly base dividend, share repurchase program and annual special dividend, if needed. Additionally, we constantly pursue various midstream, marketing and cost reduction initiatives designed to increase per unit operating margins.