Tuesday, May 1, 2012

Investors Only -- CLR, SM Energy, GMXR Reports -- After Market Close; Also MRO; And, EPD, Before Market Open

See disclaimer.

CLR: link here -- daily production up 66% year-over-year; adjusted earnings 76 cents vs 53 cents y-o-y if I read the table correctly; I'm sure analysts will sort it out.  Daily production averaged 85,500 bopd vs 52,000 bopd (rounded).

SM: link here --
SM Energy reported net income for the first quarter of 2012 of $26.3 million or $0.39 per diluted share. This compares to a net loss of $(18.5) million, or $(0.29) per diluted share, for the same period of 2011. Adjusted net income for the first quarter of 2012 was $32.8 million, or $0.48 per diluted share, compared to adjusted net income of $28.1 million, or $0.42 per diluted share, for the same period of 2011.
From Yahoo!InPlay: SM Energy misses by $0.05, misses on revs: Reports Q1 (Mar) earnings of $0.48 per share, $0.05 worse than the Capital IQ Consensus Estimate of $0.53; revenues rose 19.7% year/year to $377.4 mln vs the $395.72 mln consensus. In 2012, co sees production of 220-227 and in Q2 sees 50-54 BCFE. (Q1 BCFE was 50.7 vs 48.5-52.0 company consensus).
EPD: beats expectation --
Net income rose to $656 million, or 73 cents per unit, from $435 million, or 49 cents per unit, a year earlier.

Revenue rose 11 percent to $11.3 billion.

Enterprise shares have gained nearly 20 percent of their value in the last year.

Devon: production climbs; profit dips

Parker Drilling:
For the 2012 first quarter that include net income of $26.4 million, or $0.22 per diluted share, on revenues of $176.6 million, compared with 2011 first quarter net income of $4.8 million, or $0.04 per diluted share, on revenues of $156.2 million.
MRO: significant decrease in earnings
First-quarter profit fell to $417 million, or 59 cents a share, from $996 million, or $1.39 a share, in the year-ago period prior to the spin-off of its refining unit. Adjusted profit fell to 67 cents a share, from 88 cents a share.
GMXR misses by 1 cents (no link, Yahoo!InPlay):
GMX Resources misses by $0.01, beats on revs: Reports Q1 (Mar) loss of $0.20 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of ($0.19); revenues fell 40.8% year/year to $17.4 mln vs the $15.55 mln consensus.

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