Here We Go -- May The Fourth Be With You -- May 4, 2022

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Note: I don't plan to update this page after today.

Reporting after hours:

• APA: link here. Net income, $1.9 billion, or $5.43 / share; adjusted, $668 million or $1.92 / share. Operating net cash was $891 million; $675 million in free cash flow. Guidance: $2.9 billion of free cash flow in full year 2022.
  
• CPE:
• CDEV:
• CHK: exceeds expectations.
  
• CIVI:
• CLR: link here. $1.65 / share. Adjusted, $2.65. Earnings/net income: 597.80 million. Link here. $1.15 billion free cash flow. Quarterly dividend increased to 28 cents per share. Total debt reduction, $264 million. SeekingAlpha "clean quarter."
  
• LPI:
• MDU: link here. EPS of 16 cents misses by two cents. Revenue of $1.42 billion beats by $350 million.
  
• MRO: link here. $1.78 / share; adjusted $1.02 / share. Operating cash flow: $1.067 billion, or $1.280 billion before charges. Net income: $1.304 billion.
  
• OAS: link here.
• Oasis and Whiting Petroleum Corporation ("Whiting") continue to make progress and expect the merger (the "merger") to close in 3Q22. Oasis and Whiting each filed a premerger notification and report form under the HSR Act, and the waiting periods with respect thereto have expired. Oasis filed a registration statement on Form S-4 (the "Registration Statement") on April 28, 2022.
• PDCE: link here. Increased base dividend to $1.00 annualized level. See link for financial results.
  
• PXD: link here. Net income, $2.0 billion, or $7.85 per share; adjusted, $7.74 / share. Cash flow, $2.6 billion. Look at this: base + variable dividend of $7.38 / share. Repurchased $250 million of shares. Returning 88% of first quarter free cash flow to shareholders.
  
• SBOW
• TALO
• WLL: link here. Revenue, $527 million; net loss of $37 million or 95 cents / share; adjusted net income $185 million or $4.61 / share. Adjust free cash flow was $150 million. Debt at end of quarter, $50 million.
  

Dividends

COP: I forgot about these additional variable dividends.

DFS: raised its quarterly dividend by a dime.