EOG Reports -- February 25, 2016

EOG Resources: Q4 EPS of -$0.27 beats by $0.04. Revenue of $1.8B (-61.3% Y/Y) misses by $380M.

CLR: transcript; 

Halcon Resources: forecast a gain of 23 cents; a loss of $3.56/share but adjusted, 41 cents / share; huge beat;

Apache: forecast a loss of 47 cents; actual $19.07 per diluted common share, but when adjusting, only 6 cents per share loss; will cut CAPEX by 60%;

WPX: forecast a lost of 20 cents/share; reports a loss of 24 cents/share;

CHK: On Wednesday, Colorado-based FourPoint Energy LLC announced it would take on some 3,500 Chesapeake wells in Oklahoma and Texas for a price tag of $385 million in a deal that sent Chesapeake’s stock up 23 percent. The asset sale will mean a full withdrawal of Chesapeake from the Western Anadarko Basin, but the market loves the idea. It’s a lifeline for Chesapeake, which has reported an annual loss of some $14.7 billion and needed a big savings win to get back in the game and keep bankruptcy fears at bay. In the fourth quarter, the company reported a $2.2 billion net loss. For FourPoint, it means it will now own all of Chesapeake’s Western Anadarko basin assets. Last July, the Colorado company moved to acquire $850 million in assets owned by two Chesapeake subsidiaries in Oklahoma. The new deal is expected to close by 29 April this year.

CLR: a loss of 23 cents vs a projected loss of 21 cents/share; Revenue of $575.5 million topped expectations of $569.3 million but declined from $1.3 billion a year ago. stock is soaring 13.25% to $20.30 Thursday after the company released its fourth quarter 2015 earnings yesterday after the market closed and said it would cut planned capital spending this year by 66%.