Earnings -- 2Q15

This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here. If this is important to you, go to the source. There will be factual and typographical errors on this page. If something looks wrong, it probably is.

Earnings Calendar

All 2Q15 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:

•  

General update (dates subject to change)

• AAPL -- July 21 -- analysts expect Apple to beat estimates based on iPhone sales and growthin China; this analyst says Apple will miss by 2 cents ($1.77 vs $1.79); earnings announcement;
• AA (Alcoa):  -- 10 cents (before special items: 19 cents)

Earnings Calendar

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

ARII (American Railcar Industries) ($): July 30

Anadarko (APC) ($ ): huge beat; $1 cent vs a loss of 54 cents. 

APA ($ ): beats by 48 cents; crushes loss estimate on production gains; shares up nicely; Reuters story here;

AXAS ($):  AP story; EPS in-line; loss of 6 cents; transcript;

AMZG ($):

Arch Coal (ACI):

BTE.TO (Baytex) ($): 

BAX ($ ):   60 cents; strong second quarter beating expectations;

BCEI ($ ): 

• Bonanza Creek : Q2 EPS of -$0.14 misses by $0.04.
• Revenue of $90.42M (-40.4% Y/Y) misses by $10.99M.

BHI ($ ):   BHI reported second-quarter 2015 adjusted loss from continuing operations of 14 cents a share, which came in line with the Zacks Consensus Estimate. The quarterly figure fell 115.2% from the year-ago adjusted profit level of 92 cents a share.

BK ($  ): BK second-quarter 2015 adjusted earnings per share of 77 cents came well ahead of the Zacks Consensus Estimate of 66 cents, driven by improved top-line growth. Further, the figure compared favorably with the prior-year quarter adjusted earnings of 62 cents. Profit surges 48%.

BKH ($ ):  

BWC (Babcock & Wilcox) ($ ): 

Calfrac Well Services (CFW.TO):   Net loss attributable to shareholders of Calfrac was $43.3 million or $0.45 per share diluted, compared to $12.9 million or $0.14 per share diluted in the same period last year, primarily due to lower pricing for the Company's fracturing services.

CAT: beat, $1.27 vs $1.25;

CHK ($ ):
  

CLNE ($ ): misses by 2 cents; AP report;

CLR ($ ):  beats by 9 cents; AP report; transcript to follow;

CNR.TO (Canadian National Railway) ($  ): easily beats;
 
COP: reports a loss, but earnings beat expectations. I did not understand that.

CPG.T (Crescent Point) ($): Aug 13

CRR ( ):   Reports Q2 (Jun) loss of $0.41 per share, excluding $7.6 million, or $0.33 per share, of after-tax costs primarily associated with slowing and idling production, $0.27 better than the Capital IQ Consensus Estimate of ($0.68); revenues fell 58.5% year/year to $73.3 mln vs the $70.37 mln consensus.

CSX ($  ):  all-time record of 56 cents/share; quarterly operating income more than $1 billion for the first time in company history; all-time record of operating ratio of 67%; revenue declined 6%; income helped by cheap energy;


CVX ($):   30 cents vs $2.78 a year earlier;

DNR ($):  beats by 1 cent, misses on revenue, AP report;

DVN ($):    78 cents, 62.5% higher than the Zacks Consensus Estimate of 48 cents. Earnings in the reported quarter were much lower than $1.40 in the year-ago quarter.

ECA ($): misses by 5 cents; a $1.91 / share but removing one-time loss, brought it back to a 20 cent/share loss

EEP ($):  announced a 2.3% increase in our cash distribution over the prior quarter, and together with the Alberta Clipper drop-down increase, our cash distribution level is approximately 5% greater than the second quarter of 2014.

ENB ($):  adjusted earnings rose 54 percent to C$505 million ($387 million), or 60 Canadian cents per share in the quarter. That was much higher than analysts' average estimate of 47 Canadian cents, according to Thomson Reuters I/B/E/S.

EOG ($ ): Rigzone story here; beats by 17 cents; press release here;

EOX (Emerald; was VOG) ($ ): misses by 45 cents; press release;

EPD ($):  revenue falls short of analysts' expectations; 28 cent profit vs 34 cents a year earlier (wow)

ERF ($): August 7

ETP ($): 

GEOI (bought by Halcon [HK], below)

HAL ($0.29 ):  44 cents vs 29 cents expected.

HES ($): loss less than expected; share prices up slightly; post here;

HP ($):  Reports Q3 (Jun) earnings of $0.27 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus Estimate of $0.14; revenues fell 30.7% year/year to $659.7 mln vs the $607.25 mln consensus.

HK (Halcon; previously GEOI) ($): press release;

Kinder Morgan - KMI ($ ): Zacks, misses estimates; raises dividend 14%;

Kinder Morgan - KMP ($):  

KOG ($):  

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

LINE ( ): July 30 conference call;

MDU ($0): press release; transcript; 

• Q2 EPS of $0.15 misses by $0.02
• revenue of $986.2M (+3.5% Y/Y) misses by $93.8M

MHR (Magnum Hunter) ($): 

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum ($): 

MPO:  huge loss, 58 cents/share; earnings estimate was for 10 cents/share;

MRO (Marathon Oil) ($): Zacks; loss narrower than expected; 23 cents vs 27 cents;


NE (Noble Corp) ($ ): huge beat; beats by 11 cents; shares up 6%; holds gains after hours;

NBL: beats by $0.18, misses on revs; co raises 2015 sales volumes guidance

NBR ($): beats by 18 cents; loss of 13 cents;

NFX ($): beats expectations; earnings at 46 cents/share; estimate of 18 cents/share;

NGLS: beats by 3 cents;

NOG ($0): beats by 8 cents; transcript to follow;

NOV ($ ): beats by $0.13, beats on revs: Reports Q2 (Jun) earnings of $0.77 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus Estimate of $0.64; revenues fell 25.6% year/year to $3.91 bln vs the $3.86 bln consensus.

OAS ($0): beats by 10 cents; earnings at 38 cents/share, better than forecast of 27 cents/share;

OKE ($):  see OKS

OKS ($): misses by 1 cent;

OTTR ($): 30 cents;

OXY ($):  Occidental Petro misses by $0.01, misses on revs : Reports Q2 (Jun) adj. earnings of $0.21 per share, $0.01 worse than the Capital IQ Consensus Estimate of $0.22; revenues fell 32.4% year/year to $3.47 bln vs the $3.59 bln consensus.

PAA ($): shares tumble 12%; EPS in-line; misses on revenues;

PSX ($):  earnings of $1.83 per share beating the Zacks Consensus Estimate of $1.81. The bottom line was also ahead of the year-ago quarter level of $1.51. Robust performance by the company’s Refining and Marketing segments supported the results.


PXD (Pioneer Natural Resources) ($):  beats by 6 cents; misses on revenue;

QEP ( ): beats by $0.19, reports revs in-line: Reports Q2 (Jun) earnings of $0.09 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus Estimate of ($0.10); revenues fell 31.4% year/year to $608.6 mln vs the $606.9 mln consensus.

RRC (Range Resources):  misses by 3 cents;

RIG ($): 

SBUX (Starbucks) ($): surges; sales up 18%; shares up 5%; 42 cents vs 41 cents;

SD ($):  a loss of 3 cents per share, but beat estimates by 5 cents; Motley Fool;

SLB ($ ):  Easily beats estimates, 88 cents vs 79 cents; see also, this post;

SCTY:  after market close, from The Wall Street Journal -- Analysts polled by FactSet are expecting a quarterly net loss of $155 million, or $1.59 a share, compared with a loss of $74 million, or 96 cents a share, a year earlier.

SM ($):  from the AP --

On a per-share basis, the Denver-based company said it had a loss of 85 cents. Earnings, adjusted for non-recurring costs, came to 49 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

SRE ():  press release; $1.00, in-line with estimates; revenue of $2.4 billion misses by $370 million; transcript;

SRGY:

SSN:

STO (BEXP) ($):  
 
STR ($): beats by 1 cent, reaffirms guidance; AP report;

T ($): great quarter;

The company’s better-than-expected earnings were driven by 2.1 million wireless subscriber additions. Following the result, the company’s shares gained 2.3% yesterday in the after-hour trading session.   

AT&T’s adjusted earnings per share moved up 11.3% year over year to 69 cents, beating the Zacks Consensus Estimate of 63 cents. However, the company reported net income of $3.1 billion or earnings per share of 58 cents in comparison with net income of $3.6 billion or 68 cents in the year-ago quarter.

Targa Resources (TRGP):

TPLM ($): 

TSO (): beats by 57 cents; approves 18% increase to dividend; AP report;

TransCanada (TRP.TO) ($):

better-than-expected earnings and revenue for the second quarter, which it attributed to strong results from its three key businesses. The Calgary, Alberta-based pipeline company, which continues to await a final decision on its long-delayed Keystone XL project, said earnings improved in each of its natural-gas pipelines, liquids pipelines and energy divisions in the quarter. Second-quarter profit climbed 3% to 454 million Canadian dollars ($349 million), or 60 Canadian cents a share, the company said. Comparable earnings, which exclude items, improved to 56 Canadian cents a share from 47 Canadian cents and beat the Thomson Reuters mean estimate of 52 Canadian cents. TransCanada said unusual items in the latest quarter included an income-tax adjustment due to a higher corporate tax rate in its home province, and a C$8 million charge for severance costs related to some project restructurings.

Ultra Petroleum (UPL) ($):

Reports Q2 (Jun) earnings of $0.21 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.17; revenues fell 29.7% year/year to $207.99 mln vs the $249.35 mln consensus. For the second quarter of 2015, production of natural gas and oil was 70.5 billion cubic feet equivalent (Bcfe). The company's production for the second quarter was comprised of 65.1 billion cubic feet (Bcf) of natural gas and 900.0 thousand barrels (Mbls) of oil and condensate. During the second quarter of the year, Ultra Petroleum's average realized natural gas price was $3.33 per thousand cubic feet (Mcf), including realized gains and losses on commodity hedges.

UNP ($):  $1.38; disappointing; shares fall 6%;

USEG ($): 

VLO ($ ):   Valero beats on earnings. Earnings per share from continuing operations came in at $2.66, above the Zacks Consensus Estimate of $2.41

WDFC ($0.78):  75 cents;

WFT ($ ): huge miss; loss of 63 cents vs expectation of only a loss of 12 cents; will cut jobs; shares up slightly

WHX: last payment made recently

WHZ:

WLL ($ ): shares surge 6% just before earnings come out; beats by 2 cents; 4 cents vs 2 cents;

WMB ($ ): 

WPX (): August 4?

XOM:  second quarter 2015 earnings of $4.2 billion, or $1 per diluted share, compared with $8.8 billion a year earlier.

Downstream and chemical earnings increased significantly from the second quarter of 2014, driven by higher margins, continued strong demand, and the quality of our product and asset mix. Upstream production volumes of 4 million oil equivalent barrels per day were 3.6% higher compared to a year-ago quarter, and liquids volumes were up nearly 12%. Growth was underpinned by an increased level of new development start-ups over the last 18 months, largely in Africa, Canada, Indonesia, Papua New Guinea, and the United States.

XLNX ($):  beats estimates; misses on revenues; The California-based chipmaker’s adjusted earnings of 55 cents per share beat the Zacks Consensus Estimate of 53 cents. However, on a year-over year basis, it declined 11.8% mainly due to weak top-line performance.