Post Tagged with: "guidance"

Source: CNBC

Deutsche Bank targets earnings beat but guidance throws up questions

CNBC


Deutsche Bank is expecting to announce quarterly earnings “slightly above” consensus on Wednesday, but the guidance raises questions about the investment bank (IB) market share, according to Barclays analysts.

Consensus estimates compiled by the bank pointed to a net

July 27, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Earnings, Finance
Cabot Oil & Gas Q2 2019 Results

Cabot Oil & Gas Q2 2019 Results

Cabot Oil & Gas Corporation Reports Second Quarter 2019 Results, Expands Share Repurchase Program Authorization

WPX Energy, Delaware basin. Three drilling rigs on multi-well pads. L to R: Orion Drilling, Pegasus on the CBR 22-10H, Aries on the CBR 22-14H.

Diamondback Targets 28% Growth Within Cash Flow for 2019

Permian operator begins scalable program: will drop back to 18-22 rigs and 8 frac crews due to lower oil prices, but dramatically higher commodity pricing will reflect a “mix of growth and increasing return of capital”
Diamondback Energy (ticker: FANG)

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Forecasts cashflow of approximately $3.2 billion at current strip prices for the remainder of 2018 – $66 per barrel for oil and $2.80 per Mcf for natural gas

Running 20 Permian Hz rigs

Pioneer Natural Resources Company (ticker: PXD) reported …

Courtesy of WPX Energy

WPX Energy: Daily Production 76% Higher than Year Ago

WPX Energy, Inc. (ticker: WPX) reported a net loss of $119 million, or $(0.30) per common share for the first quarter of 2018. Production for the quarter reached 102.7 MBOEPD, a 6% sequential increase over Q4 2017 and 76% higher …

Noble Earns $554 Million in Q1

Noble Earns $554 Million in Q1

Noble Energy, Inc. (ticker: NBL) started off 2018 by reporting first quarter net income of $554 million, or $1.14 per share. Adjusted net income and adjusted net income per share attributable to Noble for the quarter was $172 million, or …

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share.

First quarter production, excluding Libya, was 1,224 MBOEPD. Production from …

Surge Energy Exits 2017 with 15,850 BOEPD

Surge Energy Exits 2017 with 15,850 BOEPD

Surge Energy Inc. (ticker: SGY) produced on average 15,675 BOEPD in Q4 2017 and exited 2017 with 15,850 BOEPD. For 2018, the company’s production guidance stands at 16,150 BOEPD.

The company reported adjusted funds flow of $32.17 million, or $0.14 …

Northern Oil and Gas Increases 2018 Production Guidance

Northern Oil and Gas Increases 2018 Production Guidance

Northern Oil and Gas, Inc. (ticker: NOG) expects its Q1 2018 average daily production to increase by 5% to 6% over fourth quarter 2017 – a sequential increase of nearly 1,000 BOEPD.

In a similar vein, Northern will be raising …

WildHorse Resource Earns $50 Million, Brings Online 90 Net Hz Wells in 2017

WildHorse Resource Earns $50 Million, Brings Online 90 Net Hz Wells in 2017

Almost 100 Gen 3 Eagle Ford wells were online by yearend of 2017

2018 Eagle Ford: WRD plans own in-basin sand mine, could reduce well costs $400,000-$600,000 per well

WildHorse Resource Development Corporation (ticker: WRD) reported a net income of …

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy, Inc. (ticker: PQ) reported a net loss to common stockholders for Q4 2017 of $389,000, or $(0.02 per) share. This compares to Q4 2016 net loss to common stockholders of $9,659,000, or $(0.46) per share.

For 2017, the …

Halcón Resources Keeps Expanding in 2017 and 2018

Halcón Resources Keeps Expanding in 2017 and 2018

Halcón Resources Corporation (ticker: HK) averaged 6,283 BOEPD in Q4 2017, comprised of 70% oil, 15% NGLs and 15% natural gas. The company generated total revenues of $25.3 million for the fourth quarter of 2017, but reported a net loss …

Cimarex Energy Earns $5.19 per Share in 2017

Cimarex Energy Earns $5.19 per Share in 2017

  • Fourth quarter 2017 net income of $174.7 million, or $1.83 per share, compared to fourth quarter 2016 net income of $47.8 million, or $0.50 per share
  • For 2017, net income totaled $494.3 million, or $5.19 per share

Cimarex Energy Co. …

Marathon Oil Preps for $2.3 Billion CapEx in 2018, Forecasts ~400 MBOEPD Net Production

Marathon Oil Preps for $2.3 Billion CapEx in 2018, Forecasts ~400 MBOEPD Net Production

Marathon Oil Corporation (ticker: MRO) will have a $2.3 billion capital budget for 2018. The company said the budget is self-funding at $50 average WTI and will generate free cash flow at $60 average WTI. More than 90% will be …

Flotek Industries Q4 and Operational Update

Flotek Industries Q4 and Operational Update

Flotek Industries, Inc. (ticker: FTK) provided an update on the company’s cost reduction program and guidance for the three months-ended Dec. 31, 2017. Selling, general and administrative (G&A) costs, excluding non-cash compensation expenses, are expected to be near the low …

Sanchez Energy Tops First Quarter Production Guidance

Sanchez Energy Tops First Quarter Production Guidance

Sanchez Energy (ticker: SN) provided the market with an operational update for first quarter 2016 on April 20, 2016. Highlights include:

  • Process improvements and efficiency gains continue to drive savings in Sanchez Energy’s average well costs, with some wells coming
Petroquest Bumps Q1 Production Guidance by 12%

Petroquest Bumps Q1 Production Guidance by 12%

Petroquest Energy announced on March 28, 2016, the company has increased its production guidance for the first quarter of 2016 to approximately 81-82 MMcfe per day.

This is approximately a 12% increase on the low end of the guidance from …

Petrobras Slashes $32 Billion from Five-Year Expenditure Plan

Petrobras Slashes $32 Billion from Five-Year Expenditure Plan

Oil Price Slide, Lower Exchange Rates Force Balance Sheet Adjustment

2015-2019 Plan is $125 Billion Lower than 2010-14 Plan

The past year has been one to forget for Petrobras (ticker: PBR), as Brazil’s state owned oil magnate moves on from …

$17 Billion and Counting: The Oil Writeoffs are Piling Up Fast

$17 Billion and Counting: The Oil Writeoffs are Piling Up Fast

Oil prices climbed on the eve of October’s busiest day of earnings season, but significant impairment charges put a damper on the brief rally. Large scale oil producers wrote off billions in the early stages of Q3’15 earnings, as Anadarko …

PDC Energy: Reaffirmed Borrowing Base and Well Economics Powering Growth Story

PDC Energy: Reaffirmed Borrowing Base and Well Economics Powering Growth Story

PDC Energy (ticker: PDCE), a Denver-based exploration and production company with operations in the Wattenberg Field and Utica Shale, reaffirmed its borrowing base at $700 million, according to a company news release on October 2, 2015. Its commitment level is …

October 6, 2015 - 7:07 pm 360 Profile Member, Oil and Gas 360 Articles
Unit Corp. Raises 2015 Production Growth Estimate to 6%-8%

Unit Corp. Raises 2015 Production Growth Estimate to 6%-8%

Efficiencies Paving the Way in the Midcontinent

Advancements in Unit Corporation’s (ticker: UNT) drilling program is leading to increased production volumes and reduced expenditures, the company said in a press release on October 6, 2015.

Production guidance for 2015 was …

Lonestar Resources Projecting Volume Records from Eagle Ford Shale

Lonestar Resources Projecting Volume Records from Eagle Ford Shale

CEO Bracken: “The Time has Come” for Acquisition Opportunities

Lonestar Resources (ticker: LNREF), a Fort Worth-based exploration and production company with operations focused on the Bakken and Eagle Ford shales, expects to set company production records in Q3’15 based on …

Total S.A. Dialing Back Capex to Protect Dividend

Total S.A. Dialing Back Capex to Protect Dividend

Projected Average Annual Capex from 2017-19 will be 33% Below Capex from 2013-14

Margins are as important as ever in the new commodity environment, and Total S.A. (ticker: TOT) is setting some high benchmarks to reduce costs as much as …

September 24, 2015 - 6:25 pm Exploration and Production (E&P), Finance
Petrobras Cuts 2020 Production Estimates by 30% in Latest Business Plan

Petrobras Cuts 2020 Production Estimates by 30% in Latest Business Plan

Volumes Revised Downward to 3.7 MMBOEPD from 5.3 MMBOEPD

Petrobras (ticker: PBR) has made all the headlines for all of the wrong reasons in the last several months, and the company is taking initiatives to shed its image as the …

ConocoPhillips Trims Capital Budget thru 2017

ConocoPhillips Trims Capital Budget thru 2017

Updated 2015 Guidance is 31% Below 2014 Expenditures

ConocoPhillips (ticker: COP) has revised its capital plan to $11.5 billion per year through 2017, according to a news release issued on March 17, 2015. COP had originally set its 2015 budget …

Bellatrix Exploration: Reserves Jump after Ambitious 2014 Capital Program

Bellatrix Exploration: Reserves Jump after Ambitious 2014 Capital Program

2014 closed the largest capital program in the history of Bellatrix Exploration (ticker: BXE), and the results were evident on its latest reserves report issued on March 9, 2015. The totals, determined by an independent evaluation, showed proved reserves …

PDC Energy Operational Update: Production Rising with Less Capital

PDC Energy Operational Update: Production Rising with Less Capital

On December 8, 2014, PDC Energy (ticker: PDCE) announced its 2015 capital budget after a profitable Q3’14.

For 2015, PDC’s capital budget is approximately $557 million, a decrease of 14% compared to its 2014 expenditures. The company’s budget includes $526 …

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources (OTCQX: LNREF, ASX: LNR) is an oil and gas company in Fort Worth, Texas, focused on acquiring and exploiting the Eagle Ford Shale. The company has doubled its acreage on a compounded year-over-year basis since 2012 and is …

Permian-Focused Callon Petroleum Updates Reserves, Provides 2014 Guidance

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin of West Texas. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf …

February 24, 2014 - 4:04 pm Finance, Fracing, Midstream, Oil and Gas 360 Articles