Friday, February 28, 2025
Oil & Gas 360 Earnings Season

Bam! It’s Earnings Season Again – Q2’12 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 exploration and production (E&P) and OilService companies in our database. The median OilService company earnings estimate for the quarter ending June 30, 2012, is $0.44 per share compared to actual earnings per share of $0.40 and $0.34 for Q1 2012

PDC Energy Reports Q1'12 Results; Re-Upping on Horizontal Niobrara/Codell Locations – Wattenberg Field Acquisition Provides Room to Bloom

PDC Energy (NASDAQ: PETD) is an oil and natural gas exploration and production company with operations focused primarily in the Wattenberg Field of Colorado, including the horizontal Niobrara, the Marcellus Shale development in West Virginia and the Utica Shale in Ohio. Company Snapshot (May 4, 2012): Ticker: PETD Market Capitalization: $741 million Enterprise Value: $1.27 billion 2011 Average Production: 130.1

Unit Corporation Reports Q1'12 Results; All Three Segments Focused on Oil and Liquids Growth

Unit Corporation (NYSE: UNT) is a diversified oil and gas company engaged in the exploration and production of oil and natural gas, contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. UNT primary areas of operations are located in the Mid-Continent region, including the Anadarko, Arkoma, Permian, Rocky Mountains and Gulf Coast

Sanchez Energy Reports Q4'11 and Year-End 2011 Results; Company's Eagle Ford Largest Acreage Position Among Peer Group

Sanchez Energy Corporation (NYSE: SN) is a fast growing independent oil and gas company focused on the liquids rich Eagle Ford formation in South Texas. Assuming 120-acre spacing, Sanchez has approximately 750 economic drilling locations on its 92,000 net acreage position in the Eagle Ford. This is among the larger positions, if not the largest, among similarly-sized companies. The company

Equal Energy Reports Q4'11 and Year-End Results; Grows Production 29% (Q4/Q4)

Equal Energy (NYSE: EQU, TSX: EQU) announced its Q4’11 and year-end 2011 financial and operating results for the period ended December 31, 2011. During Q4’11, EQU reported oil and gas revenues increased 22% to $42.4 million, as compared to $34.7 million during the same period in 2010. During the full-year 2011, the company reported oil and gas revenues increased 14%

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more recently, EXXI has been unlocking additional production value and reserve growth through its organic drilling programs. Today, EXXI reported four

UNT Reports Q4'11 and Year-end Results; All Operating Segments Driving Results; 55% Increase in Oil and Liquids Production Drives Earnings Higher 34% YOY

On February 21, 2012 Unit Corporation (NYSE: UNT) announced financial results for Q4 and year-end 2011. For Q4’11, the company reported net income of $51.7 million, or $1.08 per diluted share, as compared to Q4’10 net income of $43.7 million, or $0.92 per diluted share. Revenues for the fourth quarter were $345.6 million, a 37% increase over fourth quarter revenues

The Sun Never Sets on Core Laboratories; Posts Record Q4'11 and Year-End 2011 Results

On February 1, 2012, Core Laboratories (NYSE: CLB) reported fourth quarter 2011 and full-year earnings results. Core Lab reported Q4’11 net income of $53,076,000, an increase of 29% from Q4’10. Earnings per share during Q4’11 were $1.11 per share, an increase of 32% from Q4’10. Total Q4’11 revenues totaled $243,786,000, an increase of 17% when compared to Q4’10 total revenues.

Thumping its Way into 2012; Dawson Geophysical Reports Fiscal Q4'11 and Year-End Results

Dawson Geophysical (NASDAQ: DWSN) reported fiscal Q4’11 net income of $2,944,000, or $0.38 per share, compared to a fiscal Q4’10 net loss of $1,411,000, or a loss of $0.18 per share.. Analysts forecast net income to be $0.24 per share. Revenues during fiscal Q4’11 totaled $84,256,000, an increase of 42% when compared to fiscal Q4’10 revenues. EBITDA during the quarter

Resolute Energy Corp Reports Q3'11; Production Increasing from Expansion Projects

Resolute Energy Corporation (NYSE: REN) reported Q3’11 net income of $37.6 million, or $0.59 per share, compared to a Q3’10 net loss of $7.1 million, or a loss $0.14 per share. Total revenues for Q3’11 were $54.0 million, an increase of 29% from Q3’10 revenues of $41.8 million. Production during Q3’11 averaged 7,920 BOEPD, an increase of 4% from Q3’10.

GMX Resources Reports Q3'11 Earnings; Updates Operations and Liquidity Position

GMX Resources (NYSE: GMXR) reported a net loss in Q3’11 of $68.9 million, or $1.21 per share, compared to Q3’10 net income of $2.2 million, or $0.08 per share. Total Q3’11 revenues net of hedging were $28.4 million, a 15% increase over Q3’10 earnings of $24.8 million. GMXR’s Q3’11 production was 6.1 Bcfe, a 32% increase over the same period