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Thursday, April 26, 2012

Newfield Earnings

Link here.
Newfield Exploration Co. reported a first-quarter profit on Tuesday, reversing a year-ago loss as it increased production of oil and natural gas liquids by 35 percent.

The earnings beat analysts' expectations, and Newfield slightly raised its 2012 production forecast.

Net income was $116 million, or 86 cents per share, compared with a loss of $17 million, or 13 cents per share, a year earlier.

Without a loss on commodity derivatives, the company would have earned 91 cents per share.
Maybe some data points later.

2 comments:

  1. http://dailyranger.com/story.php?story_id=1331&headline=Judge:-Encana-suit-must-be-in-tribal-court

    Indian law is not as simple as it seems.


    Anon 1

    ReplyDelete
    Replies
    1. It will be interesting to see who has jurisdiction regarding fracking regulations on reservations.

      Delete

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