1Q13 Earnings

Earnings Calendar

All 1Q13 earnings will be reported at this page; link will be on 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 seasons 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.

Comment:

Miscellaneous articles:

• If there were warnings out there, I did not see them for this quarter

General update:

Alcoa: beats; shares up almost 2%. Forecast: 8 cents, down 20% from last year; sales at $5.88 billion, down 2% qoq; some said $5.91 billion. Actual: 11 cents; revenue, $5.83 billion. The market liked what they saw; the whisper numbers might have been worse.

Earnings Calendar

EPS estimates in parentheses following the ticker symbol (according to Yahoo!Finance)

AXAS: May 6

BAX (1.04 ): in-line; $1.00; maintains guidance;

BCEI: misses by 2 cents; press release; Niobrara; Z-Man on BCEI -- an apologist for the company; says he will considering buying more on pullbacks; 

BEXP: see STO below

BHI (0.63):  beats by 2 cents; 65 cents;

BK ( ): 

CHK ($0.25): earned 2 cents vs a lot of 21 cents last year; Chesapeake said it had a profit of 30 cents a share on revenue of $3.42 billion, beating analyst expectations for profit of 25 cents a share on revenue of $2.85 billion.

CLNE: 

CLR ($1.13 ): press release and earnings transcript; $1.17; met expectations on revenue; exceeded earnings per share.

CNP (37 cents):  misses, 34 cents; transcript; 

COP ( ): $1.73 vs $2.27 a year ago; in line, but 3% production drop is a concern;

Crescent Point:

CRR (90 cents): misses by 14 cents (76 cents)

CVX ($3.07): $3.18; April 26; warning -- production decline; Analysts expect Chevron to earn $3.09 a share in the first quarter, down from $3.27 a share a year earlier. Beats estimates but mixed report; pre-market seems to like what it saw;

DNR: press release; beats by 4 cents; increased average quarterly oil production from tertiary operations to a new record level of 39,057 barrels per day, 17% higher than 2012's first quarter level and 4% higher than the fourth quarter of 2012 level.

DVN: 

ECA: beats by 16 cents; earnings conference call;

EEP (18 center): 21 cents; beats; transcript;

ENB: 

EOG:  huge; transcript; on the morning following the earnings report, EOG jumped $11 from $125 range to $136 range

EPD ($0.65 ): $0.67.  Net income up 16%; earnings increased 14%. At Wall Street Cheat Sheet: EPD delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

ERF: 

GEOI (bought by Halcon [HK], below)

GMXR:

HAL ( ):  67 cents;  

HES ( ): transcript; easily beats, $1.95 vs $1.59; it's all about the Bakken; incredible conference call; 

HP ( ):

HK (Halcon; previously GEOI): 

Kinder Morgan - KMP ( ): 

KOG:  Press release here. Transcript.

For the first quarter 2013, the Company reported net income of $19.4 million, or $0.07 per diluted share, compared to net income of $1.7 million, or $0.01 per diluted share, for the same period in 2012.  Net income for the first quarter 2013 includes an unrealized loss of $17.2 million related to the mark-to-market of derivative instruments used for commodity hedging.  The net effect, after-tax, of the non-cash hedging activities decreased Kodiak's reported net income for the first quarter 2013 by $0.04 per basic and diluted share.

Legacy/Bowood: 

LINE:

MDU ($0.23):  30 cents; a reader summarized it up nicely -- You could say they BLEW away the qtr. $889.3 was consensus operating rev, and MDU reported a $931.6 op rev. Consensus was .23 for earnings with a .19 low to a .26 for a high number MDU reported a  .30 cents per share profit. Also increased the entire yr from $ 1.15 approx. to $ 1.30- to $ 1.40.

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum) ( ): 

MRO (Marathon Oil): 54 cents vs 72 cents forecast, Reuters; press release;

MUR ( ):

NBL ($1.25): Noble Energy beats by $0.23, beats on revs: Reports Q1 (Mar) earnings of $1.48 per share, $0.23 better than the Capital IQ Consensus Estimate of $1.25; revenues rose 5.1% year/year to $1.14 bln vs the $1.09 bln consensus.

NBR:  

NFX: beats by a penny; 6 cents;

NOG: 29 cents; the market likes the number;

NOV: misses by 8 cents -- shares fall a couple of bucks.
Natl Oilwell Varco misses by $0.08, misses on revs : Reports Q1 (Mar) earnings of $1.29 per share, excluding non-recurring items, $0.08 worse than the Capital IQ Consensus Estimate of $1.37; revenues rose 23.3% year/year to $5.31 bln vs the $5.37 bln consensus.

OAS: beats by 5 cents; beats on revenue; press release;

OKE: misses by 6 cents; transcript; reported first-quarter 2013 earnings per share of 54 cents, missing the Zacks Consensus Estimate by 4 cents. However, quarterly earnings increased 5.9% year over year primarily on higher natural gas volumes collected and processed and natural gas liquids volumes gathered in the Williston Basin.

OKS:  

OTTR: a great quarter; press release;

OXY ( ): earnings call;

PAA:  

PSX ( ):  

QEP: 

RIG ($1.00): 88 cents but phenomenal quarter; transcript;

SD: 

SLB (0.99): beats by 2 cents; $1.01/share; will pop to $88 when earnings reported -- Forbes.

SM ($0.58): $0.82. Beats by $0.24, beats on revs: Reports Q1 earnings of $0.82 per share, excluding non-recurring items, $0.24 better than the Capital IQ Consensus Estimate of $0.58; revenues rose 28.3% year/year to $484.2 mln vs the $461.3 mln consensus. Q1 production was 10.35 mmboe with average daily production of 115.0 mboe/d. Co sees Q2 production of 10.5-11.0 mmboe, with average daily production of $115-121 mboe/d. Co sees FY13 production of $42.8-44.5 mmboe with average daily production of 117-122 mboe/d.

SRE ($1.02): misses but revenues beat; press release; hits new high, then falls back; first-quarter 2013 earnings of $178 million, or $0.72 per diluted share, compared with $236 million, or $0.97 per diluted share, in the first quarter 2012.  First-quarter 2013 earnings included a one-time charge for income tax expense of $63 million related to a reorganization in connection with the initial public offering of Sempra Energy's Mexican subsidiary. Others say: Sempra Energy reported adjusted EPS income of $0.99 per share. By that measure, the company missed the mean analyst estimate of $1.02. It beat the average revenue estimate of $2.38 billion.

SRGY:

SSN:

STO (BEXP): transcript;

STR: earnings press release; 

T (64 cents ): 67 cents; WSJ story;

TPLM: beats by 5 cents; stock jumps 10%; earnings call; downspacing revolution in the Bakken;

UNP (1.96): record first quarter; $2.03

USEG: 

VLO: 

VOG: 

WFT: press release; first quarter 2013 revenues of $3,837 million with net income of $117 million, or $0.15 per diluted share, excluding after-tax losses of $95 million. On a GAAP basis, our net income for the first quarter of 2013 was $22 million, or $0.03 per diluted share.

WHX:  

WHZ:

WLL:  beats by 4 cents; Whiting Petroleum beats by $0.04, beats on revs: Reports Q1 (Mar) earnings of $0.94 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.90; revenues rose 8.8% year/year to $613.4 mln vs the $590.09 mln consensus.

WMB: 23 cents vs 24 cents forecast; lowers guidance; press release;

WPX (-23 cents): WPX reported an unaudited net loss from continuing operations attributable to WPX Energy of $116 million for first-quarter 2013, or a loss of $0.58 per share on a fully diluted basis, compared with a net loss of $41 million, or a loss of $0.21 per share, in the same period a year ago.

XOM: beats, increases dividend;

 XLNX (45 cents): 47 cents, beats; transcript;