Earnings -- 1Q15

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Earnings Calendar

All 1Q15 earnings will be reported at this page; the link will be on the sidebar at the right, under "Earnings Central." When we start to see earnings reports for any quarter, the "Earnings Central" link is moved to the top of the sidebar until the earning season is over.

I don't have time to check/update earnings on all companies listed below. If you see one that I have missed, feel free to send it in (anonymous comment or by e-mail) and I will post it.

Much of this information is done in haste. I assume there are factual and typographical errors. It is for my personal use only. If this information is important to you, go to the source.

Comment:

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General update (dates subject to change)

• AAPL --  see Seeking Alpha post pre-earnings report.
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• AA (Alcoa):  -- from USA Today --

Alcoa unofficially kicked off the first-quarter earnings season Wednesday and its results -- profit that topped expectations and revenue that didn't -- hinted that the upcoming deluge of earnings reports might be a bumpy ride for investors.

The company reported an adjusted quarterly profit of 28 cents a share, beating the 26 cents that analysts had been predicting, says S&P Capital. It was at least the fifth quarter in a row that Alcoa had the company delivered of better-than-expected profit. It also gave investors a reason to hope companies as a whole might have done deliver better earnings results than feared.

Earnings Calendar

EPS estimates in parentheses following the ticker symbol (according to Yahoo!Finance) -- typographical errors likely.

ARII (American Railcar Industries) ($):

Anadarko (APC) ($ ): 

APA ($ ):  

AXAS ($):   Abraxas sinks after hours; declares a 10% increase in quarterly dividend. Reported 17 cents/share vs forecast of 27 cents/share.

AMZG ($):

Arch Coal (ACI): misses by 4 cents.

Arch Coal, Inc. today reported a net loss of $113 million, or $0.53 per diluted share, in the first quarter of 2015 compared with a net loss of $124 million, or $0.59 per diluted share, in the first quarter of 2014. Revenues totaled $677 million for the three months ended March 31, 2015 and adjusted earnings before interest, taxes, depreciation, depletion and amortization ("adjusted EBITDA") was $82 million, a threefold increase as compared to the prior-year quarter.

BTE.TO (Baytex) ($): 

BAX ($ ):   beat.

BCEI ($ ): 

BHI ($ 0.47): big miss.

HOUSTON (AP) _ Baker Hughes Inc. (BHI) on Tuesday reported a first-quarter loss of $589 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of $1.35. Earnings, adjusted for restructuring costs and non-recurring costs, were 23 cents per share.

The results did not meet Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

BK ($0.59 ): beats, 67 cents; Zacks; BNY Mellon has a decent earnings surprise history. Before posting the earnings beat in Q1, the company delivered positive surprises in three of the prior four quarters, with an average bet of 5.85% in the trailing four quarters.

BKH ($ ):  $1.07

BWC (Babcock & Wilcox) ($ ): Beats by 4 cents; beats on revenue.

Calfrac Well Services (CFW.TO):  Calfrack earnings press release here. 29 cents vs loss of 14 cents forecast?

CAT: huge beat;

CHK ($ ):    swings to a loss, but beats by 7 cents; Reports Q1 earnings of $0.11 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.04; revenues fell 45.3% year/year to $2.76 bln vs the $3.45 bln consensus.

• Average production of ~686,000 boe per day, an increase of 14% year over year, adjusted for asset sales. 
• Adjusted EBITDA was $928 million in the 2015 first quarter, compared to $1.515 billion in the 2014 first quarter. 
• Guidance: 2015 total production guidance increased to 640 -- 650 mboe per day 2015 capital guidance of approximately $3.5 -- $4.0 billion reiterated

CLNE ($ ): misses by 7 cents;

CLR ($ ):  Must have been a good report; up almost 3% in after-hours trading. Beats by 4 cents; quarterly loss less than expected.

CNR.TO (Canadian National Railway) ($  ):   
 
COP tops forecast.  COP reported an 18 cent per-share loss on Thursday for Q1, but beat analysts estimates for a 19-cent loss.

CPG.T (Crescent Point) ($): 5/6

CRR ( ):  CARBO Ceramics press release here. $1.24 loss vs a loss of 49 cents forecast?

CSX ($0.45 ):  met Zacks, 45 cents; better than last year's 40 cents; lowers guidance; raises dividend; upbeat report at Seeking Alpha;


CVX ($):  first-quarter earnings dropped 43% amid slumping crude oil prices, though strength in its refining segment helped put the results above analysts’ estimates. Chevron reported earnings of $2.57 billion, or $1.37 a share, down from $4.51 billion, or $2.36 a share, a year earlier. Currency fluctuations added $580 million to earnings, versus a year-earlier hit of $79 million.

Chevron, the second-biggest U.S. oil company in market value behind Exxon Mobil Corp. , has been working to increase its oil-and-gas output. In the latest quarter, its daily oil-equivalent production rose to 2.68 million barrels from 2.59 million barrels a year earlier.

On Thursday, Exxon also posted a sharp drop in profit while exceeding Wall Street expectations. Both energy companies have moved to trim spending as the collapse in oil prices wiped billions of dollars from their cash flow, and Chevron stopped buying back its shares.

DNR ($): a first-quarter loss of $107.7 million, after reporting a profit in the same period a year earlier.

The Plano, Texas-based company said it had a loss of 31 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

DVN ($):   5/15

ECA ($): 98% drop in operating profit; reports 1Q loss;

EEP ($):  Enbridge Energy Partners (EEP) beats by 3 cents.

ENB ($): a quarterly loss compared with a year-ago profit, hurt by the impact of a steep drop in oil and gas prices and hedging losses; 46 Canadian cents per share, in the first quarter ended March 31, compared with a profit of C$390 million, or 47 Canadian cents per share, a year earlier. It's hard to believe, but ENB is trading near its 52-week high, and significantly increased their dividend in February, 2015.

EOG ($0.01): 3 cents (triple analysts' forecasts); transcript;

EOX (Emerald; was VOG) ($ ):  a loss of 7 cents/share; production up an astounding 88%;

EPD ($): barely misses; forecast, 33 cents; reported 32 cents; increased distribution to $1.50/unit on an annualized basis;

ERF ($): 

ETP ($): 

GEOI (bought by Halcon [HK], below)

HAL ($ ): huge swing to loss;

HES ($):

HP ($): huge beat;

HK (Halcon; previously GEOI) ($): misses by 2 cents; a loss of 4 cents;

Kinder Morgan - KMI ($0.23): beat expectations, 24 cents; hikes dividend; sees another dividend hike later this year

Kinder Morgan - KMP ($):  

KOG ($):  

LEG.TO (Legacy/Bowood) ($): 5/13

LINE (-$0.20): big miss; misses by 85 cents; 

MDU ($0): 12 cents; transcript;

MHR (Magnum Hunter) ($): 

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum ($): Marathon Petroleum Corporation beats by 38 cents.

MPO:  

MRO (Marathon Oil) ($): 1Q15 loss but beats by 8 cents; misses on revenue.


NE (Noble Corp) ($0.51): huge beat; forecast 53 cents; came in at 72 cents.

NBL: misses by one penny; misses on revenue

NBR ($):

NFX ($): misses by 6 cents; 2 cents; expectations of 8 cents;

NGLS: beats by 4 cents; misses on revenue;

NOG ($0): 5/7 after mkt close

NOV ($1.11):  huge beat; $1.27; shares plummet;

OAS ($0): beats by $0.02, misses on revs: Reports Q1 (Mar) earnings of $0.28 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.26; revenues fell 44.0% year/year to $180.4 mln vs the $253.77 mln consensus.

OKE ($): adjusted earnings of 29 cents per share, lagging the Zacks Consensus Estimate of 38 cents by 23.7% and the year-ago earnings by 32.6%.

OKS ($): first-quarter 2015 net income attributable to ONEOK Partners of $145.6 million, or 21 cents per unit, compared with $265.4 million, or 81 cents per unit, in the first quarter 2014.

OTTR ($):

OXY ($): reports EPS in-line, misses on revs: Reports Q1 earnings of $0.04 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.04; revenues fell 37.8% year/year to $3.09 bln vs the $3.35 bln consensus.

PAA ($): beats by 3 cents;

PSX ($):  Phillips 66 profit falls 37%. $1.79/share vs forecast of $1.43.


PXD (Pioneer Natural Resources) ($):   5/5

QEP (-$0.30):  misses;

RRC (Range Resources): 16 cents vs 20 cents 1Q14;

RIG ($): Swings to loss but beats by 49 cents. Shareholders liked report.

SBUX (Starbucks) ($):

SD ($): 1Q15 loss but beats by one penny; misses on revenue.

SLB ($0.96): beats, $1.06; profit down almost 40% from year earlier; will cut another 2,000 jobs, to total 11,000 jobs lost; Yahoo!In-Play here;

SCTY: beats by 8 cents; loss of $1.52;

SM ($): missed by 8 cents; 21 cents;

SRE (): beats by 3 cents; profits rise 77%;

SRGY:

SSN:

STO (BEXP) ($):  
 
STR ($0.48): in-line; increases dividend;

SBUX ($0.33): meets at 33 cents; stunning quarter; shares surge;

T ($0.62): slight beat at 63 cents;

Targa Resources (TRGP):

TPLM ($0.05): at 6 cents beats by one cent; 

TSO (): 5/6

TransCanada (TRP.TO) ($):  met expectations, 66 Canadian cents;

Ultra Petroleum (UPL) ($): Ultra Petroleum beats by 9 cents.

UNP ($):  misses;

USEG ($): 

VLO ($1.74):  huge beat; $1.87

WDFC: 

WFT ($0.01): misses; swings to a loss of 4 cents; Zacks;

WHX:  

WHZ:

WLL (-$0.32): a loss, but beats expectations; transcript;

WMB ($0.15): beats;

WPX (): beats by 47 cents; 32 cents, better than the forecast of a loss of 15 cents;

XOM earned $4.9 billion in the first quarter, down 46 percent from the same period in 2014, the company announced Thursday. That breaks down to $1.17 per share vs forecast of 83 cents/share. Huge beat.

Meanwhile, Exxon increased its dividend by 6% on Wednesday to 73 cents a quarter up from 69 cents. That implied a $12.2 billion payout to investors, but it wasn’t certain the payout would be that big until the company said Thursday how many shares are outstanding. But, yes, that’s the right projection

Business Insider says XOM "smashes" expectations. 

XLNX ($0.50):  easily beats at 58 cents; but shares fall almost 6%;