For Investors Only -- Whiting Has Stellar Report, Many New Records

I have to apologize to some of the readers, I suppose. I know most folks are interested in the Bakken and not investing in the stock market per se. When I first starting blogging about the Bakken, I had no intention of talking about investing, but I quickly learned that one can't really follow or understand the Bakken without following their earnings, and the economy in general.

Today, it's pretty exciting. The S&P might actually set a new all-time closing record. So, we'll see.

Nine (9) companies are reporting increased dividends or distributions.

Crude oil is pretty much flat, slightly negative, but the spread between WTI and Brent continues to narrow.

Disclaimer: this is not an investment blog. Do not make any investment decisions based on anything you read here or think you may have read here. 

Whiting -- 4Q13 and Full Year Earnings

Data points:

• record production of 94,090 BOE/d in 2013; up 14%
• over 30.21 82,540 BOE/d in 2012 year-over-year production
• proved reserves increase 16% to a record 
• proved reserves up 31% 
• company achieves 402% reserve replacement 4Q13 
• adjusted net income of $0.88 per diluted share 4Q13 
• discretionary cash flow totals a record $457.6 million 
• 2014 capital budget of $2.7 billion
• year-over-year production growth guidance of +17% to +19% 

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Others

 

Sempra Energy beats by $0.15, misses on revs; reaffirms FY14 EPS guidance : Reports Q4 (Dec) earnings of $1.13 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus Estimate of $0.98; revenues rose 1.4% year/year to $2.71 bln vs the $2.74 bln consensus. 

Linn Energy reports Q4 results, misses on revs: Reports Q4 (Dec) loss of $3.15 per share, may not compare to the Capital IQ Consensus Estimate of $0.29; oil, natural gas, and NGL revenues rose 26.9% year/year to $585 mln vs the $654.69 mln consensus.

Wendy's beats by $0.01, reports revs in-line; reaffirms FY14 EPS guidance; reaffirms long term guidance: Reports Q4 (Dec) earnings of $0.11 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.10; revenues fell 6.0% year/year to $592.4 mln vs the $592.4 mln consensus; co preannounced on Jan 13. [Years ago, Wendy's was one of the first companies in which I invested. I sold it a long time ago and will unlikely ever get back in. But it's interesting to follow once in awhile.]

Windstream reports EPS in-line, revs in-line; guides FY14 revs in-line: Reports Q4 (Dec) earnings of $0.09 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.09; revenues fell 2.8% year/year to $1.49 bln vs the $1.5 bln consensus. Co issues in-line guidance for FY14, sees FY14 revs -2.5% to +1.0%, or roughly 5.84-6.05 bln vs. $5.94 bln Capital IQ Consensus Estimate.  

Laredo Petroleum beats by $0.04, beats on revs: Reports Q4 (Dec) earnings of $0.13 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.09; revenues rose 1.4% year/year to $153.4 mln vs the $151.27 mln consensus. Reports Adjusted EBITDA of $111.4 million.