Earnings Season 4Q10

I don't know the best way to post all the news stories coming out during earnings season but I'm going to try something different.

This post will be a summary of the highlights with links to the stories regarding 4Q10 earnings seasons. The "4Q" refers to the fourth calendar quarter of 2010.

This summary will be linked at the "Investors" tab at the top of the blog site.

Figures often rounded.

SLB: beats estimates by 7 cents; rev up whopping 58%; increases div; expects solid 2012,  transcript
HAL: beats est by 3 cents; rev up 40%;
BHI: beat est "handily" (84 vs 64 cents); tripled net income; revenue increased whopping 82%; margins increased everywhere but Africa; benefitted from "permitorium" in the Gulf; transcript

OXY: income up 29 percent but misses estimates; transcript
COP: 54 percent profit growth; promises more stock buybacks; transcript
HES:"dramatic" lower 4Q10 profits; hurt by refining business; loses money refining; transcript

CVX: beats est $2.64 vs $2.35; refineries made $700 million (vs $700 mill loss for COP), transcript
EEP: adjusted net income 12 percent higher in 2010 compared to 2009; very upbeat report
XOM: beats est $1.85 vs $1.63; rev $105.2 billion vs $99.112 billion; transcript


MDU: earnings improved in 4th quarter; flat yoy; will add  second rig in the Bakken; transcript
ENB: lowers earnings; strong year; better 2011; raises dividend; 15% (they raised dividend 15% exactly one year ago, also)

NBL: earnings soar; replaced 520 percent of 2010 production with replacement cost of $6.50/bb; transcript; 4Q earnings soar 7-fold

EPD: record net income $1.4 billion; record gross operating margin, $3.3 billion; record distribution
EOG: huge; strong report; earned $750 million ($3/share) in 2010 vs $550 million ($2/share) in 2009; transcript; increases dividend slightly ($0.155 to $0.16)
NFX:  results don't get me excited; earnings transcript
WMB: excluding items, earns 44 cents/share; estimate was 27 cents; shares soar on split announcement;

QEP: production increased 21$ year-over-year; transcript
DBLE: proved reserves increase 25% year-over-year
DNR: earnings triple! Earnings transcript here


CLR: highlights here; webcast here (link may break over time); transcript here
WLL: missed by a penny (84 vs 85 cents)

BEXP: quadruples net income; quintuples after-tax earnings; numbers off the chart; transcript
SM: 57 cents 4Q10 vs 2 cents year earlier


NOG: misses expectations; increased acreage for a reasonable price; 6 wells on 960-acre spacing (one well for every 160 acres); sticks by 2011 guidance
KOG: annual net loss of 2 cents; identical to last year; record sales increase; adjusted EBITDA increase also a company record

VOG: now listed on AMEX; 0.74 net wells in 2010; plan for not less than 12 net wells in 2011
OAS: TBA
SSN: TBA
TPLM: TBA