2Q13 Earnings

Earnings Calendar

All 2Q13 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 (dates subject to change):

Alcoa: July 8

Earnings Calendar

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

American Railcar Industries: transcript; 

AXAS: Aug 5

BAX ($1.13 ): beats by 3 cents; shares higher; mixed report; transcript;

BCEI: May 9 (previously reported)

BEXP: see STO below

BHI ($0.65):  bad report for BHI; $0.61 but with certain items, $0.55;

BK ( ): profit surged; stock up 3%;

CHK ( ):  wow, up almost 8 percent today. Eight percent. Transcript. Despite a year of headlines, look at these results:

Chesapeake Energy Corporation (CHK) today reported financial and operational results for the 2013 second quarter. Key information related to the quarter is as follows:

• adjusted net income per fully diluted share of $0.51, compared to $0.06 in the 2012 second quarter
• adjusted ebitda of $1.424 billion increases 77% year over year 
• daily oil production rises 44% year over year to 116,000 bbls per day 
• full-year 2013 oil production outlook increases by 1 million barrels to 38 – 40 million barrels, a 22 to 28% increase year over year 
• total daily production increases 7% year over year to 4.1 bcfe per day

CLNE: steady progress;

CLR (  ): beats by $0.08, beats on revs : Reports 2Q13earnings of $1.33 per share, excluding non-recurring items, $0.08 better than the estimate of $1.25; revenues rose 70.5% year/year to $892.19 mln vs the $855.05 mln consensus. 2Q13 net production totaled 12.3 million boe. Other highlights from the quarter. Transcript. 

CNP ( ):  beat by 4 cents; transcript;

COP ( ): blows XOM And COP away on cash margin improvement

Crescent Point:

CRR ( ): beats on both top and bottom lines; transcript;

CVX ( ): AP report; earnings decline a disappointment; not a good report:

Chevron's latest quarterly profit was huge — $5.37 billion — but down 26 percent from last year due to lower oil prices, less production, and maintenance work at some refineries.

The results mirrored lower profit at Exxon Mobil and Shell, and they also lagged Wall Street expectations. Chevron shares fell $1.49, or 1.2 percent, to $124.95 Friday.

DNR: Denbury reports: Denbury Resources Inc. today announced adjusted net income (a non-GAAP measure)⁽¹⁾ of $151 million for the second quarter of 2013, or $0.41 per diluted share. Second quarter of 2013 net income (the GAAP measure) was $130 million, or $0.35 per diluted share, on record high quarterly revenues of $645 million. Investors must be pleased: the stock is up almost 5% in pre-market trading. Earnings beat by 6 cents; beats by $0.06, reports revs in-line: Reports Q2 (Jun) earnings of $0.41 per share, excluding non-recurring items, $0.06 better than the estimate of $0.35; revenues rose 8.0% year/year to $645 mln vs the $641.41 mln consensus. Denbury's estimated 2013 production is unchanged from previous estimates. Denbury's full year 2013 capital expenditure budget is unchanged from the previously disclosed amount of $1.06 billion; transcript;

DVN: beats by a large margin; $1.21 vs 94 cents.

ECA: April 18 (previously reported)

EEP ( ): reports disappointing numbers;

ENB: May 6 (previously reported)

EOG: crude output up 35%; beats; shares surge after-hours almost 5%;

EOX (Emerald): Filloon; transcript; fly on the wall; sees exit rate of 2,850 boepd, December, 2013;

EPD ($0.68): books solid earnings even though missed analysts' expectations (60 cents vs 68 cents)

ERF: 

GEOI (bought by Halcon [HK], below)

GMXR:

HAL ($0.72 ): $0.73; beat forecasts:

For the quarter ended June 30, Halliburton's net income totaled $679 million, or 73 cents per share. Analysts expected 72 cents per share, according to FactSet. A year ago, earnings were $737 million, or 79 cents per share.

Overall revenue edged up 1 percent to $7.32 billion from $7.23 billion a year ago, also topping expectations despite an 8 percent revenue slide in North America. Total revenue, even with the decline in North America, was an all-time best for the second quarter, helped by international growth, especially in Asia.

HES (): huge earnings; $4.16 vs $1.61 for the quarter;

HP ( ): beats estimates; transcript;

HK (Halcon; previously GEOI): earnings; transcript;

Kinder Morgan - KMP ( ): 

KOG: posting the report; Filloon; press release;

Legacy/Bowood: huge loss due to acquisitions and CAPEX; market takes it in stride; share price up slightly; transcript;

LINE: Jul 22

MDU ( ): press release; beat by a penny;

MHR (Magnum Hunter): Filloon on Magnum Hunter; missed on expectations; high costs in the Bakken; divested itself of Eagle Ford property

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum) ( ): earnings miss, 67 cents vs 71 cents, but better than year ago at 59 cents;

MRO (Marathon Oil): press release; 60 cents vs 54 cents 2Q12;

MUR ( ): Beat on earnings by 20 cents; missed on revenue; transcript

NBL (74 cents):  misses, 69 cents; Noble Energy Inc.'s second-quarter profit rose 29 percent, but earnings and revenue both failed to meet Wall Street expectations as its oil production was hurt by the idling of a rig in the deepwater Gulf of Mexico and late-winter storms in Colorado; transcript; Revenue rose 19 percent to $1.15 billion, also below analysts' estimate of $1.20 billion. Output at record high. Bottom line: outstanding report, but not as good as analysts forecast.

NBR: press release; CEO says this should be their low point going forward;

NFX:  beat, but folks not happy; expectations too high; 37 cents vs 61 cents last year; transcript;

NOG:  beats on revenue, but it was a lousy report;

NOV:  beats on revenue; matches expectations on earnings;

OAS: beats by $0.05, beats on revs : earnings of $0.65 per share, excluding non-recurring items, $0.05 better than the estimate of $0.60; revenues rose 70.8% year/year to $254.6 mln vs the $245.88 mln consensus; transcript;

OKE:  report here;

OKS: report here;

OTTR: press release; 21 cents vs 19 cents last year; transcript;

OXY ( ): misses; Chief Executive Steve Chazen indicated in April that Occidental's Middle East operations might be put up for sale , and analysts also expect the Californiadivision to be spun off.

PAA:  Aug 5

PSX ( ):  shrugs off slow quarter; press release here.

QEP: misses on top and bottom line; transcript;

RIG ( ): 

SD: Aug 6, after the close

SLB ($1.11 ): easy beat; $1.15; shares soar; increases dividend; transcript;

SM ( ): Jul 30

SRE ( ): Jul 29

SRGY:

SSN:

STO (BEXP):  

STR:  Jul 31

T (  ): Jul 23

TPLM: September 10, 2013; beat; huge story;

UNP ( ): beats by 2 cents; misses on revenue ($4.47 billion vs $4.50 billion); shares down;

USEG: 

VLO: Jul 23

VOG: 

WDFC: WD-40 popped $8, from $58 to $66 in after-hours trading after 3Q13 earnings were released/discussed: net income rose 12 percent in the fiscal third quarter on greater sales of multipurpose items like its namesake WD-40 spray lubricant.

WFT: earnings in-line; misses on revenue; transcript;

WHX:  

WHZ:

WLL:  beats by 12 cents; transcript;

WMB: Jul 31

WPX ( ): company's press release; misses by 4 cents but beat on revenues; transcript;

XOM: Aug 1

 XLNX (47cents): wow, beats by 9 cents (56 cents); beats on rev; stock up nicely; transcript;