Current WPX Stock Info

Cash flow positive at current prices, midstream assets provide uplift
By Richard Rostad, analyst, Oil & Gas 360

WPX Energy (ticker: WPX) announced first quarter earnings today, showing a net loss of $48 million, or ($0.11) per share.

The rising oil prices resulted in a $207 million derivative loss this quarter, if this and other special charges are excluded WPX earned $22 million in the quarter. While this quarter’s net loss exceeds the $30 million loss WPX reported in Q1 2018, the company reported an adjusted $22 million loss in Q1, so adjusted results have improved year-over-year.

WPX produced 155.2 MBOEPD in Q1, a slight decline from the 156.4 MBOEPD the company produced in Q4 2018. Production was constrained in the quarter...

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