Monday, May 5, 2025

RSP Permian Reports 89% Production Growth

$850 million in 2018 CapEx RSP Permian (ticker: RSPP) announced fourth quarter results and reserves today, showing net earnings of $140.8 million, or $0.89 per share. Like many other E&Ps, RSP Permian saw a boost to Q4 earnings due to the recent tax legislation. For RSP, the tax law resulted in a non-cash income of $144.4 million. The company earned

Nabors Industries Cuts Loss in Half

Drill rigs, equipment and software provider Nabors Industries Ltd. (ticker: NBR) reported full-year 2017 operating revenue of $2.6 billion, compared to operating revenue of $2.2 billion in the prior year. Net income from continuing operations attributable to Nabors for the year was a loss of $503 million, or $(1.75) per share, compared to a loss of $1.0 billion, or $(3.58)

EOG: 35 Rigs in 2018 will Boost Returns

CapEx of $5.6 billion is below the $5.9 billion spent in 2017 EOG Resources (ticker: EOG) announced fourth quarter results and reserves today, showing net earnings of $2.4 billion, or $4.22 per share. This result was significantly improved by the recent tax legislation, as EOG saw a non-cash reduction in income tax liabilities of $2.2 billion. After adjusting for this