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Monday, February 2, 2015

MDU, Anadarko, Black Hills, And Cliff Natural Resources Report Earnings -- February 2, 2015

See disclaimer.
Reporting today (Monday -- February 2, 2015):
  • Anadarko Petroleum (APC), forecast 86 cents; reported disappointing fourth-quarter results as it coped with the fallout from sinking oil prices. The Houston-based oil and natural gas company reported a loss of $395 million, or 78 cents per share, for the quarter versus a loss of $770 million, or $1.53 per share, last year. After adjusting for a number of items, it earned 37 cents per share versus 74 cents per share last year. That fell far short of market forecasts — analysts polled by FactSet were anticipating earnings of 80 cents per share
  • Black Hills Corp (BKH), forecast 77 cents, fourth-quarter earnings of $34 million. On a per-share basis, the Rapid City, South Dakota-based company said it had net income of 76 cents. The energy company posted revenue of $378.1 million in the period. For the year, the company reported profit of $128.8 million, or $2.89 per share. Revenue was reported as $1.39 billion. Black Hills expects full-year earnings in the range of $2.80 to $3 per share. 
  • Cliffs Natural Resources (CLF), forecast 13 cents; U.S. miner Cliffs Natural Resources Inc reported a fourth-quarter loss, hurt partly by asset impairment charges. Net loss attributable to shareholders was $1.26 billion, or $8.25 per share, in the quarter ended Dec. 31, compared with a profit of $30.5 million, or 20 cents per share, a year earlier. Revenue fell nearly 15 percent to $1.28 billion, but edged past average analyst estimate of $1.21 billion, according to Thomson Reuters I/B/E/S. 
  • MDU, forecast 39 cents; MDU Resources Group Inc. (MDU) on Monday reported fourth-quarter net income of $84.3 million; profit of 43 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to 35 cents per share.

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