Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Earnings Preview: Big Week Coming for Independent Oil and Gas


EOG Resources, Anadarko Petroleum, Marathon Oil, and Apache all report earnings next week.

This week saw a flurry of economic and earnings reports, with several well-known commodity firms posting both hits and misses. Newmont Mining Corp. (NYSE:NEM) revenue and earnings came in below expectations, while Suncor Energy (NYSE:SU) beat forecasts. Independent oil and gas firm Devon Energy Corp. (NYSE:DVN) beat EPS estimates by $0.10, though the company reported a loss in the first quarter of $1.3 billion.

Below, we highlight four important commodity firms reporting earnings next week:
  • EOG Resources (NYSE:EOG): This independent oil and gas company is slated to report earnings on Monday. Analysts expect earnings per share to come in at $1.17, slightly higher than last month's estimate, but lower than expectations three months ago. In Q4 of 2012, EPS came in at $1.61. For the last three quarters, EOG Resources has beaten analysts' earnings expectations. Revenues are expected to rise slightly to $3.1 billion, as compared to last quarter's $3.0 billion figure.
  • Anadarko Petroleum Corp. (NYSE:APC): Another independent oil and gas firm, Anadarko will also be reporting on Monday, with analysts expecting a slight uptick in earnings. Last quarter, EPS came in at $0.91 and for Q1, earnings are forecasted to be around $0.93; for the past three months, EPS estimates have increased. Revenues, however, are expected to remain the same at $3.4 billion.
  • Marathon Oil Corp. (NYSE:MRO): This popular oil company is expected to report first-quarter earnings on Tuesday. Analyst forecasts for earnings are around $0.72 per share, which is significantly higher than last quarter's $0.55 figure. Revenues are also expected to increase to $4.6 billion, compared to last quarters $4.2 billion.
  • Apache Corp. (NYSE:APA): Finishing out the week, this Texas-based company is slated to report earnings on Friday. Analysts' earnings estimates have decreased since three months ago, but are slightly higher than last month's; EPS is now expected to come in at $2.20, down slightly from last quarter's $2.27 figure. Revenues are also expected to slightly decrease; analysts estimate revenue to be $4.3 billion, compared to the fourth quarter's $4.4 billion figure.
Follow us on Twitter @CommodityHQ

Editor's note: This article by Daniela Pylypczak was originally published on Commodity HQ.
< Previous
  • 1
Next >
No positions in stocks mentioned.
Featured Videos