May 24, 2018 - 7:00 AM EDT
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Free Research Report as Noble Energy Reported Q1 Results

Stock Monitor: Rosehill Resources Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 24, 2018 / If you want access to our free earnings report on Noble Energy, Inc. (NYSE: NBL), all you need to do is sign up now by clicking the following link The Company posted its financial results on May 01, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company reported a positive adjusted net income per diluted share, beating Wall Street's estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below: is currently working on the research report for Rosehill Resources Inc. (NASDAQ: ROSE), which also belongs to the Basic Materials sector as the Company Noble Energy. Do not miss out and become a member today for free to access this upcoming report at: is focused on giving you timely information and the inside line on companies that matter to you. This morning, Noble Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

Earnings Highlights and Summary

During Q1 FY18, Noble Energy's total revenues were $1.29 billion, which came in above the $1.04 billion recorded at the end of Q1 FY17. The Company's total revenue numbers for the reported quarter topped market consensus estimates of $1.2 billion. Oil, natural gas liquids (NGLs), and gas sales revenues increased to $1.17 billion in Q1 FY18 from $994 million in Q1 FY17.

The independent oil and gas exploration and production Company reported a net income attributable to common shareholders of $554 million, or $1.14 per diluted share, in Q1 FY18 compared to $36 million, or $0.08 per diluted share, in Q1 FY17. The Company posted an adjusted net income of $172 million, or $0.35 per diluted share, in Q1 FY18 versus an adjusted net loss of $23 million, or $0.05 loss per diluted share, in the prior year's same quarter. Meanwhile, market analysts had forecasted the Company to report an adjusted net income of $0.28 per diluted share in Q1 FY18.

Operating Metrics

The Houston, Texas-based Company's total operating expenses declined to $578 million during Q1 FY18 from $1.00 billion in the past year's comparable quarter. The Company posted an operating income of $708 million during Q1 FY18 compared to $35 million in Q1 FY17. Furthermore, the Company's earnings before interest, taxes, depreciation, depletion, amortization, and exploration expenses (EBITDAX) stood at $797 million in Q1 FY18 compared to $611 billion in Q1 FY17.

For Q1 FY18, Noble Energy's crude oil sales revenues were $773 million compared to $527 million in the last year's corresponding quarter. The Company's average daily oil and condensate production volume increased to 139 thousand barrels (MBbls) from 119 MBbls in Q1 FY17.

Noble Energy generated NGLs revenues of $146 million in Q1 FY18 compared to $105 million in the previous year's same quarter. The Company's quarterly average daily production volume of NGLs totaled 69 MBbls in Q1 FY18, which came in above the 55 MBbls reported in Q1 FY17.

Noble Energy's natural-gas sales revenues declined to $254 million in Q1 FY18 from $362 million in Q1 FY17. The Company's natural-gas average daily production volume also fell to 971 million cubic feet per day (MMcf/d) during Q1 FY18 from 940 MMcf/d in Q1 FY17.

Cash Matters and Balance Sheet

For the quarter ended March 31, 2018, Noble Energy generated net cash provided by operating activities of $583 million versus $536 million in the prior year's comparable period. Moreover, the Company's capital expenditure incurred totaled $1.13 billion during Q1 FY18 compared to $1.00 billion in Q1 FY17.

The Company's cash and cash equivalents balance stood at $992 million as on March 31, 2018, compared to $675 billion as on December 31, 2017. Furthermore, the Company's net long-term debt increased to $6.86 billion as on March 31, 2018, from $6.75 billion as on December 31, 2017.

Share Repurchase

During the reported quarter, the Company repurchased 9% of its previously announced $750 million share repurchase program.

Stock Performance Snapshot

May 23, 2018 - At Wednesday's closing bell, Noble Energy's stock marginally advanced 0.14%, ending the trading session at $36.85.

Volume traded for the day: 3.86 million shares.

Stock performance in the last month – up 10.76%; previous three-month period – up 25.38%; past twelve-month period – up 19.60%; and year-to-date – up 26.46%

After yesterday's close, Noble Energy's market cap was at $17.86 billion.

The stock has a dividend yield of 1.19%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry.


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