Earnings - 3Q14

Earnings Calendar

All 3Q14 earnings will be reported at this page; the link will be on the 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 season 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.

Much of this information is done in haste. I assume there are factual and typographical errors. It is for my personal use only. If this information is important to you, go to the source.

Comment:

Miscellaneous articles:

•  Earnings forecasts slashed -- as earnings season kicks off -- October 8, 2014.

General update (dates subject to change)

• AAPL -- Oct 20 -- wow, it's so much fun going back and reading all the negative comments about Apple. Freudenschade, I believe, is the word. Not the best word, but close enough. At $1.42 far exceeded estimates, and "guides strongly."
• Alcoa:  -- Oct 8 -- expectations, 23 cents; actual, 31 cents. When I saw this, I mentioned to Don that this was very, very impressive. I'm glad to see others agree. Yahoo!Finance in the headline called it a "solid beat." The reason for Alcoa's numbers:

Alcoa, which is shifting its focus to manufacturing components and alloys, said it would deliver a record amount of aluminum sheet to automakers this quarter as car and truck manufacturers use more of the lightweight metal. Earnings in the company’s rolled-products segment, a supplier of aluminum sheets to car, airplane and packaging manufacturers, will more than double from a year earlier, the New York-based company said today in a slide presentation.

Alcoa is benefiting from higher commercial-jet orders and a shift to aluminum components instead of steel among automakers such as Ford Motor Co., which plans to make its F-150 pickup truck with aluminum body panels.

“Auto body sheet has a much higher margin than anything except aircraft,” Lloyd O’Carroll, a Richmond, Virginia-based Analyst at Northcoast Research Holdings LLC who recommends buying Alcoa shares, said in an interview. “I think 2015 is going to get a pretty big lift of usage on the F-150 and of course all of the margin benefit of that.”

• Wells Fargo: 
• B of A: a 9-cent loss; revised from an early 32-cent gain; 
• NFLX: at 96 cents earnings exceeded expectations of 93 cents; new customer numbers fell short; stock feel 25% (from $448 to $339 after-hours/after earnings came out) 

Earnings Calendar

EPS estimates in parentheses following the ticker symbol (according to Yahoo!Finance) -- typographical errors likely.

American Railcar Industries:

APA ($ ): Nov 6

AXAS ($0.15 ): meets forecasts; AP story here;

AMZG ($ ): 

Baytex ($ ): 

BAX ($1.31 ):  beats by five cents; transcript;

BCEI; after market close; 51 cents; misses; 46 cents;

BHI ($1.14): misses; $1.02, transcript;

BK ($0.61 ): Oct 17 

BKH:  Nov 3

Calfrac Well Services (CFW.TO), before market open; 41 cents; 51 cents; press release here; 

CHK ($0.33): AP; beats by 5 cents; 38 cents;

CLNE ( ): Oct 23

CLR ($0.81):

Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, said on Wednesday its quarterly profit soared due to a gain on derivatives and higher output. The company posted third-quarter net income of $533.5 million, or $1.44 per share, compared with $167.5 million, or 45 cents per share, in the year-ago period. 

CNI (Canadian National Railway) ($ ): 

CNP ($0.30): press release; beats by 3 cents;
 
COP ($1.20): beats by 10 - 12 cents; shares flat.

Crescent Point (CPG.TO); before market open: 42 cents; adjusted profit rises 10%;

CRR ($0.75 ):  beats by 8 cents; shares fall.

CVX ($ ): quarterly profit jumps 13%. From Reuters:

The company posted net income of $5.59 billion, or $2.95 per share, compared with $4.95 billion, or $2.57 per share, in the year-ago period.

Production fell nearly 1 percent to 2.57 million barrels of oil equivalent per day as new wells failed to offset declines at old wells.

DNR ($0.26 ): AP; meets/beats; 26 cents;
 
DVN ($1.24 ):   beats by 11 cents; output jumps 19 percent;

ECA ($ ):  

EEP ($ ):  Nov 3

ENB ($0.38): beats by 2 cents; press release;  

EOG ($ ): press release; $1.31;

EOX (Emerald) ($ ): Nov 3 

EPD ($0.37 ):   in-line; misses on revs; shares down a bit.

ERF ($ ):

ETP ($0.65): lackluster earnings; Natural gas pipeline operator Energy Transfer Partners LP reported third-quarter 2014 earnings of 44 cents per limited partner unit, lagging the Zacks Consensus Estimate of 66 cents.

GEOI (bought by Halcon [HK], below)

GMXR:

HAL ($1.10 ): Also blew away earnings estimates at $1.19; raises dividend. What's not to like?

HES ($ ): beats estimates; Bakken production surges; shares up:

Hess posted a better-than-expected quarterly profit on Wednesday as production jumped in North Dakota's Bakken shale formation.

Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the year-ago period.

Excluding recent asset sales and other one-time items, the company posted profit of $1.24 per share.

HP ($ ): Nov 13

HK (Halcon; previously GEOI) ($0.06 ):  Halcon resources with a big miss, 3 cents vs 6 cents forecast. Press release.  Halcon operates 8 rigs acorss its holdings; Halcon will cut five rigs originally planned for 2015. Currently operating 3 rigs in the Bakken. Snapshot here.

Kinder Morgan - KMI ($.34 ): Oct 15

KMI’s board of directors announced an increase in the quarterly cash dividend to $0.44 per share ($1.76 annualized), up 7 percent from $0.41 per share ($1.64 annualized) for the same period last year, payable on Nov. 17, 2014, to shareholders of record as of Oct. 31, 2014. 

Kinder Morgan - KMP ($ ):  misses; 57 cents; ups dividend;

KOG ($0.20 ): 15 cents; misses;

Legacy/Bowood ($ ): 

LINE ($0.41 ): actual, 53 cents; press release;

MDU ($ ): transcript; misses by 4 cents; will spin off Fidelity;

MHR (Magnum Hunter) ($ ): 

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum ($ ): Oct 30

MPO: see this post; beats by 18 cents;

MRO (Marathon Oil) ($ ): misses by 3 cents;

NBL: Oct 28

NBR ($ ): Oct 21

NFX ($ ): meets by one cent;

NGLS: Nov 4

NOG ($0.26 ): in-line; beats on revs;

NOV ($1.53 ): beats by 7 cents; shares fall;

PAA ($0.52): reported third-quarter 2014 adjusted earnings of 49 cents per unit, missing the Zacks Consensus Estimate of 51 cents by 3.9%. 

OAS ( $ ):  huge miss; misses by 19 cents;

OKE ($ ): beats by a penny;

OKS ($ ): missed by 24 cents;

OTTR ($ ): Nov 3

OXY ($ ):  Oct 27

PAA ($0.52):  reported third-quarter 2014 adjusted earnings of 49 cents per unit, missing the Zacks Consensus Estimate of 51 cents by 3.9%.

PSX ($ ): profit doubles; beats by 27 cents; costs slide;

Pioneer Natural Resources (PXD): $1.35; announces public offering of 5.75 million shares; beats by 10 cents;

QEP ($0.28):  the company reported earnings per share – adjusted for special items – of 41 cents, up 14% from the prior-year quarter level of 36 cents. The bottom line also beat the Zacks Consensus Estimate of 28 cents.

RRC (Range Resources): Oct 29

RIG ($ ): 

SD ($ ): Nov 5

SLB ($ ): beats by 3 cents; stock moves up nicely;

SM ($ ): beats by two cents;

SRE ($1.24 ): beats by 16 cents; profit rises 16%;

SRGY:

SSN:

STO (BEXP) ($ ):  

STR ($ ): beats by 4 cents;

Starbucks ($ ): Oct 30

T ($.65 ): Oct 22

Targa Resources (TRGP): press release;

TPLM ($ ):  

TransCanada (TRP.TO) ($ ): 

Ultra Petroleum (UPL) ($ ): 

UNP ($ ): Oct 23

USEG ($ ): 

VLO ($1.57): beats by 45 cents;

VOG: 

WDFC: beats by 13 cents; stock surges;

WFT ($ ): Oct 22

WHX:  

WHZ:

WLL ($ ): which is it?

• AP headline: Whiting misses Street 3Q forecasts ($1.24 vs $1.25)
• Reuters: Whiting profit beats Street as North Dakota output jumps; 

Whiting Petroleum Corp posted a higher-than-expected quarterly profit on Wednesday as production rose 33 percent at its North Dakota wells. Denver-based Whiting posted net income of $158 million, or $1.32 per share, compared with $204 million, or $1.71 per share, in the year-ago period. Excluding one-time items, the company earned $1.24 per share. By that measure, analysts expected earnings of $1.21 per share, according to Thomson Reuters I/B/E/S.

WMB ($ ):  misses by 3 cents but confirms dividend-growth guidance of ~ 15% annually -- from the higher 3Q14 base -- through 2017 with planned dividends of ~ $1.96 in 2014, $2.46 in 2015, $2.82 in 2016, $3.25 in 2017. Shares surge over 3%.

WPX ($ ): Williams Cos profit soars; boosted by Access Midstream stake; shares up 2%

XOM ($1.71 ): quarterly profit rises 3%. From Reuters:

Profit in the third quarter rose to $8.07 billion, or $1.89 per share, from $7.87 billion, or $1.79 per share in the year-ago period.

Analysts, on average, expected a profit of $1.71 per share.

Oil and gas production fell 4.7 percent. Exxon said it remained on track for full-year output of 4 million barrels oil equivalent per day (boed).

XLNX ($0.56 ): beats by 7 cents; stock surges; transcript;

Apple Fans Already Lining Up Outside Apple Stores For iPhone 6/6+ -- September 18, 2014

Updates

Later, 12:26 p.m. CDT: there are now about 30 lawn chairs, some occupied, lined up outside the Southlake, TX, Apple retail store. The first chair is occupied by a young-20-something Asian. The last two chairs are occupied, it appears, by a 50-ish-year-old white married couple. It's a very, very hot morning, and it's going to get hotter.

Original Post

The new Apple iPhone 6 and the new Apple iPhone 6+ will be available at Apple retail stores on Friday, September 19, 2014.

Riding my bicycle into Southlake, Texas, this morning, I passed the local Apple retail store. It was 9:20 a.m., Thursday, September 18, 2014. There were eight of those inexpensive Wal-Mart "lawn chairs" already lined up along the store's window, to the right of the door as you face the store. Two of the chairs were occupied, #3 and #5. The others were empty. One person standing, but probably not in line; all of them young, I think all three appeared to be Hispanic; could be wrong. One elderly woman was talking to one of the young men sitting in line.

I don't know if the stores open at midnight tonight, or as regularly scheduled, 10:00 a.m. tomorrow morning. Detroit.cbslocal says this:

[In the Detroit area], the Apple Store, AT&T, Best Buy and Verizon are all planning to open at 8 a.m. Friday, and Apple is encouraging customers “to arrive early or order online” to pickup their iPhone in-store or receive an estimated delivery date.

Let's see if Macrumors.com has anything to say. Nope, not yet. Expect to see a photo or two, later today, of folks lined up outside Apple retail stores later.

What's the market doing?

Up almost 100 points. Interesting. Who would have thought? First time unemployment claims plummet and housing starts plummet. EEP is up another 4% (almost); and I think that's on top of a similar gain yesterday, but I forget.

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

Has the president's fund-raising and golfing schedule been released for the weekend yet?

Trading at new highs today: BK, BRK.B, CP, CSX, EEP, EEQ, ETP, EW, LNG, RAIL, UNP. 

3Q13 Earnings

Earnings Calendar

All 3Q13 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:

• Some suggestion that 3Q13 will be a tough quarter for earnings.

General update (dates subject to change)

• AAPL: revenue up; profit miss
• Alcoa: Alcoa beats by $0.05, beats on revs; reaffirms 2013 forecast for 7% aluminum demand growth: Reports Q3 (Sep) earnings of $0.11 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus Estimate of $0.06; revenues fell 1.2% year/year to $5.76 bln vs the $5.66 bln consensus. Results were led by continued strength in Engineered Products and Solutions and Global Rolled Products, despite traditional third quarter weakness. Global Primary Products overcame falling metal prices and lower premiums to deliver significant performance improvement through productivity gains.
• Wells Fargo: beats by 2 cents; 13% rise in third quarter profits

Earnings Calendar

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

American Railcar Industries:

APA: beats earnings; misses on revenue;

AXAS:

AMZG: stellar;

BAX ($1.19): EPS in-line; revenues in-line/missed based on source

BCEI: 

BEXP: see STO below

BHI (0.78): beats by 2 cents; jumps almost 8%;

BK ( ): both revenue and earnings beat;

CHK (0.24): Nov 6

CLNE:

CLR (  ):  November 6, close of trading;

CNP ( ):  

COP (1.46): Oct 31

Crescent Point:

CRR ( ): 

CVX (2.88): as predicted, misses by 14 cents, but still disappointing; losses due to refining; output increases.

DNR: November 5

DVN: 

ECA: 

EEP ( ): 

ENB: 

EOG (1.93):  November 7, 9:00 a.m. Analysts looking for a good number; transcript;

EOX (Emerald): 

EPD ( ): 

ERF: 

GEOI (bought by Halcon [HK], below)

GMXR:

HAL (  ): 

HES (1.47): earnings disappoint; revs beat; transcript;

Hess reported adjusted third quarter 2013 earnings of $1.18 per share, lagging the Zacks Consensus Estimate of $1.45. The underperformance was mostly due to lower production resulting from various asset sales.

Total revenue in the quarter decreased 22.8% year over year to $2,698 million from $3,494 million. Revenues, however, topped the Zacks Consensus Estimate of $2,694.0 million.

The company is gradually transforming into a pure play exploration and production (E&P) entity from an integrated oil and gas company. As part of this strategy, Hess has sold assets worth billions of dollars, as it looks to exit the downstream business. Since the first quarter, the company has classified its Marketing and Refining business as discontinued operations.

HP ( ): 

HK (Halcon; previously GEOI): misses by 2 cents; see more at my HK page;  

Kinder Morgan - KMP ( ): 

KOG (0.20): misses big; average forecast of 23 cents; actual, 12 cents;

Legacy/Bowood: 

LINE: 

MDU (0.46): beats estimate on earnings; transcript;

• adjusted earnings per share of 49 cents compared to 38 cents last year, 29 percent increase 
• GAAP earnings per share of 44 cents compared to a loss of 16 cents last year 
• E&P earnings substantially higher; oil production grew 37 percent
• construction business continues growth with combined 18 percent earnings increase and higher backlog
• midstream asset drives earnings growth at pipeline and energy services; diesel topping plant construction progressing on time
• utility electric retail sales increased 5 percent

MHR (Magnum Hunter): 

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum) ( ):  earnings crash at Marathon Petroleum -- Zacks;

Marathon Petroleum reported earnings per share – adjusted for special items – of 59 cents, underperforming the Zacks Consensus Estimate of 65 cents and way below the year-ago period adjusted profit of $3.31. WOW!

However, revenues – at $26,274.0 million – were up 23.6% year over year and also surpassed the Zacks Consensus Estimate of $23,293.0 million, backed by higher fuel sales volumes and throughput.

MRO (Marathon Oil): beats by 10 cents;

MUR ( ): 

NBL ( ):   Noble Energy beats by $0.01, beats on revs: Reports Q3 (Sep) earnings of $0.97 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.96; revenues rose 38.7% year/year to $1.39 bln vs the $1.38 bln consensus. Earnings conference call.

NBR: 

NFX:  

NOG: earnings in-line; beats on revenue;

• 3Q13 production of 1,200,520 barrels of oil equivalent, or 13,049 average boe per day, a 20% sequential increase over the second quarter of 2013
• oil and gas sales increased to $107.2 million, a 35% sequential increase over the second quarter of 2013
• added 147 gross (12.1 net) wells to production during the third quarter of 2013
• repurchased 2,036,383 shares of its common stock during the third quarter of 2013 at an average price of $12.82 per share

NOV:  

OAS (0.73): Nov 6, at the close 

OKE:  

OKS: 

OTTR: 

OXY (1.91): Occidental Petroleum Corp reported a 15 percent rise in quarterly profit on Tuesday as the fourth-largest U.S. oil company increased its oil and gas production in its home market. Transcript.

PAA: beats by 3 cents;

PSX ( ):  

QEP: misses on earnings; up yoy; reported weaker-than-expected third quarter results, hamstrung by lower production. 

The company reported earnings per share – adjusted for special items – of 36 cents, underperforming the Zacks Consensus Estimate of 40 cents. Revenues – at $772.8 million – also failed to surpass the Zacks Consensus Estimate of $799.0 million. 

However, QEP Resources’ performance improved considerably from the year-ago period amid a jump in commodity prices. Adjusted profit almost doubled from the third quarter 2012 level of 19 cents per share, while revenues were up 42.5%.

Range Resources: beats by 5 cents; another strong earnings report;

RIG ( ): 

SD: 

SLB ( ): beats by 5 cents; jumps more than 2%;

SM ( ): 

SRE ( ): 

SRGY:

SSN:

STO (BEXP):  

STR:  

T (  ): 

TPLM: 

UNP ( ): 

USEG: 

VLO: 

VOG: 

WDFC: 

WFT: beats by 2 cents;

WHX:  

WHZ:

WLL:  

WMB: 

WPX ( ): 

XOM (1.88): Oct 31

XLNX (.52): beats at 58 cents; guidance light; investors not happy after hours.

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;

1Q13 Earnings

Earnings Calendar

All 1Q13 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:

Alcoa: beats; shares up almost 2%. Forecast: 8 cents, down 20% from last year; sales at $5.88 billion, down 2% qoq; some said $5.91 billion. Actual: 11 cents; revenue, $5.83 billion. The market liked what they saw; the whisper numbers might have been worse.

Earnings Calendar

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

AXAS: May 6

BAX (1.04 ): in-line; $1.00; maintains guidance;

BCEI: misses by 2 cents; press release; Niobrara; Z-Man on BCEI -- an apologist for the company; says he will considering buying more on pullbacks; 

BEXP: see STO below

BHI (0.63):  beats by 2 cents; 65 cents;

BK ( ): 

CHK ($0.25): earned 2 cents vs a lot of 21 cents last year; Chesapeake said it had a profit of 30 cents a share on revenue of $3.42 billion, beating analyst expectations for profit of 25 cents a share on revenue of $2.85 billion.

CLNE: 

CLR ($1.13 ): press release and earnings transcript; $1.17; met expectations on revenue; exceeded earnings per share.

CNP (37 cents):  misses, 34 cents; transcript; 

COP ( ): $1.73 vs $2.27 a year ago; in line, but 3% production drop is a concern;

Crescent Point:

CRR (90 cents): misses by 14 cents (76 cents)

CVX ($3.07): $3.18; April 26; warning -- production decline; Analysts expect Chevron to earn $3.09 a share in the first quarter, down from $3.27 a share a year earlier. Beats estimates but mixed report; pre-market seems to like what it saw;

DNR: press release; beats by 4 cents; increased average quarterly oil production from tertiary operations to a new record level of 39,057 barrels per day, 17% higher than 2012's first quarter level and 4% higher than the fourth quarter of 2012 level.

DVN: 

ECA: beats by 16 cents; earnings conference call;

EEP (18 center): 21 cents; beats; transcript;

ENB: 

EOG:  huge; transcript; on the morning following the earnings report, EOG jumped $11 from $125 range to $136 range

EPD ($0.65 ): $0.67.  Net income up 16%; earnings increased 14%. At Wall Street Cheat Sheet: EPD delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

ERF: 

GEOI (bought by Halcon [HK], below)

GMXR:

HAL ( ):  67 cents;  

HES ( ): transcript; easily beats, $1.95 vs $1.59; it's all about the Bakken; incredible conference call; 

HP ( ):

HK (Halcon; previously GEOI): 

Kinder Morgan - KMP ( ): 

KOG:  Press release here. Transcript.

For the first quarter 2013, the Company reported net income of $19.4 million, or $0.07 per diluted share, compared to net income of $1.7 million, or $0.01 per diluted share, for the same period in 2012.  Net income for the first quarter 2013 includes an unrealized loss of $17.2 million related to the mark-to-market of derivative instruments used for commodity hedging.  The net effect, after-tax, of the non-cash hedging activities decreased Kodiak's reported net income for the first quarter 2013 by $0.04 per basic and diluted share.

Legacy/Bowood: 

LINE:

MDU ($0.23):  30 cents; a reader summarized it up nicely -- You could say they BLEW away the qtr. $889.3 was consensus operating rev, and MDU reported a $931.6 op rev. Consensus was .23 for earnings with a .19 low to a .26 for a high number MDU reported a  .30 cents per share profit. Also increased the entire yr from $ 1.15 approx. to $ 1.30- to $ 1.40.

MMR (McMoRan) ( ): 

MPC (Marathon Petroleum) ( ): 

MRO (Marathon Oil): 54 cents vs 72 cents forecast, Reuters; press release;

MUR ( ):

NBL ($1.25): Noble Energy beats by $0.23, beats on revs: Reports Q1 (Mar) earnings of $1.48 per share, $0.23 better than the Capital IQ Consensus Estimate of $1.25; revenues rose 5.1% year/year to $1.14 bln vs the $1.09 bln consensus.

NBR:  

NFX: beats by a penny; 6 cents;

NOG: 29 cents; the market likes the number;

NOV: misses by 8 cents -- shares fall a couple of bucks.
Natl Oilwell Varco misses by $0.08, misses on revs : Reports Q1 (Mar) earnings of $1.29 per share, excluding non-recurring items, $0.08 worse than the Capital IQ Consensus Estimate of $1.37; revenues rose 23.3% year/year to $5.31 bln vs the $5.37 bln consensus.

OAS: beats by 5 cents; beats on revenue; press release;

OKE: misses by 6 cents; transcript; reported first-quarter 2013 earnings per share of 54 cents, missing the Zacks Consensus Estimate by 4 cents. However, quarterly earnings increased 5.9% year over year primarily on higher natural gas volumes collected and processed and natural gas liquids volumes gathered in the Williston Basin.

OKS:  

OTTR: a great quarter; press release;

OXY ( ): earnings call;

PAA:  

PSX ( ):  

QEP: 

RIG ($1.00): 88 cents but phenomenal quarter; transcript;

SD: 

SLB (0.99): beats by 2 cents; $1.01/share; will pop to $88 when earnings reported -- Forbes.

SM ($0.58): $0.82. Beats by $0.24, beats on revs: Reports Q1 earnings of $0.82 per share, excluding non-recurring items, $0.24 better than the Capital IQ Consensus Estimate of $0.58; revenues rose 28.3% year/year to $484.2 mln vs the $461.3 mln consensus. Q1 production was 10.35 mmboe with average daily production of 115.0 mboe/d. Co sees Q2 production of 10.5-11.0 mmboe, with average daily production of $115-121 mboe/d. Co sees FY13 production of $42.8-44.5 mmboe with average daily production of 117-122 mboe/d.

SRE ($1.02): misses but revenues beat; press release; hits new high, then falls back; first-quarter 2013 earnings of $178 million, or $0.72 per diluted share, compared with $236 million, or $0.97 per diluted share, in the first quarter 2012.  First-quarter 2013 earnings included a one-time charge for income tax expense of $63 million related to a reorganization in connection with the initial public offering of Sempra Energy's Mexican subsidiary. Others say: Sempra Energy reported adjusted EPS income of $0.99 per share. By that measure, the company missed the mean analyst estimate of $1.02. It beat the average revenue estimate of $2.38 billion.

SRGY:

SSN:

STO (BEXP): transcript;

STR: earnings press release; 

T (64 cents ): 67 cents; WSJ story;

TPLM: beats by 5 cents; stock jumps 10%; earnings call; downspacing revolution in the Bakken;

UNP (1.96): record first quarter; $2.03

USEG: 

VLO: 

VOG: 

WFT: press release; first quarter 2013 revenues of $3,837 million with net income of $117 million, or $0.15 per diluted share, excluding after-tax losses of $95 million. On a GAAP basis, our net income for the first quarter of 2013 was $22 million, or $0.03 per diluted share.

WHX:  

WHZ:

WLL:  beats by 4 cents; Whiting Petroleum beats by $0.04, beats on revs: Reports Q1 (Mar) earnings of $0.94 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.90; revenues rose 8.8% year/year to $613.4 mln vs the $590.09 mln consensus.

WMB: 23 cents vs 24 cents forecast; lowers guidance; press release;

WPX (-23 cents): WPX reported an unaudited net loss from continuing operations attributable to WPX Energy of $116 million for first-quarter 2013, or a loss of $0.58 per share on a fully diluted basis, compared with a net loss of $41 million, or a loss of $0.21 per share, in the same period a year ago.

XOM: beats, increases dividend;

 XLNX (45 cents): 47 cents, beats; transcript;

Earnings: 4Q12

4Q12 Earnings

Earnings Calendar

All 4Q12 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 this quarter, I will move "Earnings Central" 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: companies are starting to warn about 4Q12 earnings. First was SLB, then BHI.

Miscellaneous articles:

• Chevron expects to see "notably" higher earnings. 

General update:

Alcoa: earnings in-line; revenues top forecasts

Earnings Calendar

Week of January 14 - January 18 in bold
EPS estimates in parentheses following the ticker symbol (according to Yahoo!Finance)

AXAS: Abraxas Petroleum chalked up revenue of $19.1 million. The seven analysts polled by S&P Capital IQ foresaw a top line of $18.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $15.6 million. EPS came in at -$0.03. The nine earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. Non-GAAP EPS were -$0.03 for Q4 against -$0.12 per share for the prior-year quarter. GAAP EPS were -$0.13 for Q4 versus -$0.06 per share for the prior-year quarter.; earnings call; boe flat over past three years, but decrease in NG offset by increase in liquids (good news); looking for 5,000 boepd exit rate by end of 1Q13; Last year, we participated in 27 outside-operated Bakken Three Forks wells. And so far this year, we've participated in 11 more. Generally, no one represents a large capital commitment, but together they do. That's a planning and budgeting issue. We like to be in better control of our capital expenditure plus overall operations, so we've made the decision to sell most of our non-op Bakken interests. The frac on the Joy went off without a hitch and the well's been on production ever since except for some weather and minor workover shut-ins. The Raven 2H and 3H, we weren't so lucky. Both encountered downhaul mechanical issues that required remedial work that resulted in a significant settlement with our third-party service provider, I might add. The fracs were completed in February, and both wells have been on production since. We're not as happy with the frac on the 2H as we were with the 3H. But the 2H is producing on our type curve while the 3H is producing well above our type curve.

BAX ($1.26):  January 24

BEXP: see STO below

BHI (61 cents):  January 23, before market open --

BK (54 cents): earnings in-line; 53 cents; BK down almost 3% on the market;

CHK: beats estimates -- almost double;

CLNE:  March 12

CLR: press release; "the market" was enthusiastic; webcast February 28;

CNP: beats by 10 cents; transcript; Motley Fool;

COP: beats by a penny; but guidance down; share price hit; transcript;

Crescent Point:

CRR (CARBO Ceramics) (86 cents): Carbo Ceramics reports EPS in-line, beats on revs

CVX ($3.00): $3.70; link here; transcript;

DNR: beats, 36 cents vs 29 cents; transcript;

DVN: February 20

ECA: April 18

EEP: February 11 (webcast February 14)

ENB: misses by 2 cents; transcript here;

EOG: beats by 26 cents; huge quarter; raises dividend; transcript here.

EPD (65 cents): Enterprise Products beats by $0.02, misses on revs

ERF:  February 25

GEOI (bought by Halcon [HK], below)

GMXR:

HAL (61 cents):  72 cents; topped expectations; HAL surged in trading.

HES ($1.25):$1.66 vs $0.39 a year earlier; cites huge Bakken production; Yahoo! In-Play;

HP ($1.29): beats by $0.11, beats on revs:

HK (Halcon; previously GEOI): February 28; before market opens

Kinder Morgan - KMP (66 cents): January 14

KOG: missed on revenue and earnings, but still huge; 11 cents vs 12 cents (analysts) and loss of one penny a year earlier; transcript;

Legacy/Bowood: 

LINE: February 18

MDU: loses a penny/share on write-down; $1.15 vs $1.19 a year earlier after adjustments; share price up; investors like guidance;

MMR (McMoRan) (- 1 cent): came in exactly on target; lost a penny; compared to earning 16 cents the same quarter last year;

MPC (Marathon Petroleum) ($2.09): $2.24; compared with a loss of 21 cents one year earlier; cheap domestic oil replaced expensive foreign oil; doubled its dividend; announced a 2.65 billion share buyback;

MRO (Marathon Oil): misses by 12 cents; beats on revenues;

MUR ($1.33): January 30

NBL:  February 7

NBR: beats by 15 cents; press release;

NFX: 4Q12/2013 full year;

NOG: beats by 7 cents; press release; (flashback, this was 3Q12: 27 cents vs 22 cents 2Q12; beats by a penny; transcript;)

NOV: $1.56; nice numbers but shares drop;

OAS:  press release; year-end review by Z-Man (Steve Zachritz); beats on both top and bottom lines; transcript; 49 cents vs 47 cents (analysts);

OKE:  press release; earnings transcript;

OKS:  February 25; as a dividend play;

OXY ($1.67) : $1.83; press release here.

PAA:  beats by 3 cents; beats on revenues;

PSX ($1.67):  $2.06; announces fourth-quarter earnings of $708 million and adjusted earnings of $1.3 billion. This compares with earnings of $2.0 billion and adjusted earnings of $379 million during the fourth quarter of 2011. Eleven cents/share; adjusted, $2.06.

QEP: beats on top and bottom lines; press release;

RIG: February 24

SD: press release;

SLB ($1.08): "surges" past expectations on top and bottom line; $1.02; Motley Fool here; increases dividend

SM: beats on both top and bottom line; 45 cents vs 24 cents (analysts); transcript;

SRE: beats by 10 cents; transcript;

SRGY:

SSN:

STO (BEXP):  May 3

STR:  February 11

T (45 cents): misses by a penny; but revenues better than expected; strong growth in wireless and U-Verse;

TPLM: April 15

UNP: beats expectations; trading at all-time highs;

USEG:  March 11

VLO: reported net income attributable to Valero stockholders of $1.0 billion, or $1.82 per share, for the fourth quarter of 2012 compared to net income attributable to Valero stockholders of $45 million, or $0.08 per share, for the fourth quarter of 2011.  Included in the fourth quarter 2012 results was a noncash asset impairment loss of $37 million after taxes, or $0.06 per share.
For the year ended December 31, 2012, net income attributable to Valero stockholders was $2.1 billion, or $3.75 per share; transcript;

VOG: 

WFT: February 19

WHX:  March 15

WHZ:

WLL: press release, beats by 9 cents; transcript;

WMB: press release; impacted by drastically lower propane, ethane prices; misses on revenue and earnings; 25 cents vs 26 cents (analysts); transcript;

WPX: misses by 11 cents; press release;

XOM: beats ($2.20 vs $1.97); earnings up 6%; transcript;

 XLNX (37 cents): Xilinx beats by $0.01, misses on revs; guides Q4 revs below consensus 36.44 +0.24 : Reports Q3 (Dec) earnings of $0.38 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.37; revenues fell 0.3% year/year to $509.8 mln vs the $527.33 mln consensus.

3Q12 Earnings

Earnings Calendar

Earnings: 3Q12

All 3Q12 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 this quarter, I will move "Earnings Central" 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: I am looking forward to an incredible 3Q12 for the energy industry. Think of Saudi Arabia as just one big oil company. If Saudi Arabia is making record amounts of money, so are the majors. [Update: majors are warning that earnings will be lower than expected due to lower energy prices this past quarter.]

Miscellaneous articles:
Short-term plays in oil shale stocks: Part I; Part II;  -- SeekingAlpha.com, October, 2012

General update:

Alcoa: better than expected; "flat" expected; $5.83 billion vs $5.54 billion revenue; 3 cents/share vs 0 cents/share expected; shares up 2.6% after earnings report;

Earnings Calendar

AXAS:  earnings; earnings transcript;

BEXP: see STO below

BHI: misses by 12 cents; guidance is good;

BK: beats expectations; 

CHK: biggest loss in three years;

CLNE: record number of gallons delivered; profits up significantly;

CLR: beats by one cent; beats on revenue;

CNP: misses big; back in August, 2Q12, it beat expectations and upped guidance; conference call;

COP: blows away earnings estimates; transcript;

Crescent Point: Nov 8

CRR (CARBO Ceramics): transcript: comment from the transcript:

CARBO also purchased property in North Dakota that we intend to use as a large distribution center, enhancing our ability to serve the Bakken shale play.

CTL: beats expectations, but revenues fall; conference call;

CVX: profits drop by a third; strong dividend growth should continue. Link to a SeekingAlpha.com article.

CVX had about $253.7 billion in revenue in 2011, up 24% from 2010. However this growth is not projected to continue into 2012 and 2013 when analysts target about $252 billion and $262 billion respectively. CVX has a market capitalization of $230.6 billion and an enterprise value of $219.3 billion, shows almost no debt. CVX has about $10.2 billion in debt, but over $21 billion in cash and equivalents. CVX has a strong track record of paying dividends. For 2011, its payout ratio to net income was 23% and its payout to operating cash flow was 15%. While CVX primarily returns capital to shareholders through dividends, CVX did repurchase over $3 billion of shares in 2011, up substantially from the two previous years.

 Well, so much for that SeekingAlpha.com article: CVX says it will report significant earnings decreased in 3Q12 due to lowered production; also, Supreme Court rules against CVX in Ecuador case;

DBLE: 40-cent loss vs 26-cent gain last year; due to loss associated with hedging; clean earnings of 34 cents vs 51 cents;

DNR: 33 cents vs 37 cents last year; did high Bakken and Marcellus production save this company? -- Motley Fool.; investor day at SeekingAlpha;

DVN: swings to loss; steeper than expected revenue decline;

ECA: hefty loss on $1.2 billion charge;

The natural gas-focused company, based in Calgary, Alberta, recorded a $1.19 billion non-cash impairment charge in the latest quarter, again marking down the value of its natural-gas assets as prices dipped. It took a similar charge in the second quarter.

Encana said third-quarter operating earnings, which exclude the impairment charge and other items, fell to $263 million, or 36 cents a share, from $389 million, or 53 cents a share. Results beat the Thomson Reuters mean estimate for a profit of 26 cents a share.

Encana said natural-gas prices hit their lowest levels in a decade during the first half of the year, leading it to shut in or curtail about 500 million cubic feet a day of production.

EEP: beats by 3 cents; misses on revenues; conference call webcast, Nov 1

ENB: nice report; earns 34 cents; transcript;

EOG: nice report; earnings at Reuters;

EPD: ; transcript;

ERF: Nov 9

GEOI (bought by Halcon [HK], below):

GMXR: continues to lose money but production increase is notable;

HAL:  worse than forecast; expensive guar; net income fell to 65 cents/share; down from 74 cents yoy; revenue rose 9 percent; expensive guar;

HES: beats expectations; huge beat ($1.46 vs $1.19 expected; $1.11 last year);

HP: Nov 15

HK (Halcon; previously GEOI): Nov 8

Kinder Morgan:

KOG: earns a penny; hurt by derivatives; transcript;

Legacy/Bowood: 

LINE: loss on derivatives but otherwise great; transcript;

MDU: 38 cents, beats last year's 34 cents; turning the corner?; transcript;

MPC (Marathon Petroleum) : earnings up, due to asset sale; transcript;

MRO (Marathon Oil): misses by 2 cents, but revenues blast past estimates;

NBL:  mixed results; transcript;

NBR: transcript;

NFX: huge loss on derivatives; shares slammed, down almost 20 percent;

NOG: 27 cents vs 22 cents 2Q12; beats by a penny; transcript;

NOV: beats expectations; transcript;

OAS: 109% production increase yoy; transcript;

For the third quarter of 2012, the Company reported net income of $18.3 million, or $0.20 per diluted share, as compared to net income of $66.3 million, or $0.72 per diluted share, for the third quarter of 2011. The Company's third quarter 2012 results were impacted by several non-cash items, including a $27.7 million unrealized loss on derivative instruments and a $36 thousand impairment of oil and gas properties. Excluding these items and their tax effect, the third quarter 2012 Adjusted Net Income (non-GAAP) was $35.4 million, or $0.38 per diluted share. Excluding similar non-cash items and their tax effect, Adjusted Net Income (non-GAAP) for the third quarter of 2011 was $21.6 million, or $0.23 per diluted share.

OKE:  missed by a penny;

OKS: 3Q12 higher, and confirms guidance;

OXY: income falls, but beats expectations; link to MarketWatch;

3Q12 net income fell 22% on about flat revenue. Earnings declined to $1.38 billion, or $1.69 a share, from $1.77 billion, or $2.17, in the year-earlier quarter. Continuing operations produced earnings of $1.70 a share versus $2.18. Sales were off 0.7% to $5.97 billion from $6.01 billion. A survey of analysts by FactSet Research produced consensus estimates of $1.63 a share of profit on $5.63 billion of revenue. Third-quarter production of 766,000 barreld of oil equivalent a day rose 4% from the year-earlier quarter. Higher volume plus better results in marketing and trading were partly offset by lower prices. 

In the Williston basin in North Dakota, we currently have over 310,000 net acres of significant resource potential, which we estimate to be about 250 million net barrels. Our production in the basin has tripled since we entered the area over 1.5 years ago. We have recently slowed our drilling activity and significantly reduced our rig count in the basin as a result of cost pressures. While well costs have subsequently declined modestly, we will only increase our rig count when costs come down enough to make returns competitive with the rest of our portfolio. We believe that over the long term, our resource base in the Williston basin represents a significant opportunity for the company.

PAA: income down; revenue up;

PSX: Nov 6

QEP: misses by 16 cents;

RIG: Oct 29

SD: Nov 8

SLB: beats by one cent;

SM: beats on both top and bottom lines; transcript; much of the conference call was on the Eagle Ford;

SRE: huge quarter; conference call; even Motley Fool noticed;

SRGY:

SSN:

STO (BEXP): transcript;

STR: beats by one cent and confirms guidance;

TPLM: Dec 12

UNP: huge, profits up 15%; shares jump;

USEG: Nov 12

VLO: beats estimates; transcript;

VOG: Nov?

WFT: Nov 13

WHX:  Nov 8

WHZ:

WLL: nice report; transcript; analysis;

WMB: profit drops on lower prices; transcript;

WPX: loss of 32 cents; transcript;

XOM:  beats ($2.09 vs $1.96) but volumes plunge;

4Q11 Earnings

All 4Q11 earnings will be reported at this page; link will be on sidebar at the right, under "Earnings Central."

Earnings Calendar

AXAS: 3/14; 2011 production update;

BEXP: N/A

BHI: ANI for calendar year 2011 was $4.20/share vs $2.06/share for CY 2010.

CHK: profit more than doubles; 58 cents vs 59 cents estimate; hedging offset lower nat gas prices; conference call transcript;

CLR: 2/22 (after mkt close); production press release; transcript here;

COP: Beats expectations; snaps losing streak; profit up 66% despite production drop; SeekingAlpha transcript; Phillips 66 to start trading "when issued" April 12, 2012

CVX: largest earnings decline in two years;

DBLE: 3/8; 2011 reserves announced, 19% increase in proved reserves;

DNR: 2011 production and reserves; replaces 367% of 2011 production; 19% increased production in the Bakken, year-over-year; record quarterly earnings; transcript;

ENB:  from 3Q11 earnings conference call: updating our guidance for 2011 to be near or slightly above the top end of the original guidance range of $1.38 to $1.48; results here; and that's what it was: $1.48; right on the mark;

EOG: 2/17; 3Q11 results (Rigzone); beats by 28 cents; 4Q11 and full year results; $4.10 CY 2011 vs $0.63 previous year; very, very good year;

EPD: blew past estimates;

ERF:

GEOI:  beats by 3 cents; end of year production data;

GMXR: operational highlights, 2011; earnings report; missed 4Q estimates (Yahoo!InPlay; from Mike Filloon;

HAL: earnings up 50% due to American shale oil boom;

HES: Loss due to refinery shut-down costs; estimated results; SeekingAlpha.com preview; SeekingAlpha transcript; 

HP: beats estimates;$1.32 vs $1.18; transcript;

KOG: press release here; Reuters: surprise loss (15 cents); analysts expected 9 cent profit;

LINE: earnings press release;

MDU: 4Q11; $1.12 vs $1.27 for the year; 4Q11, 32 cents; 4Q10, 47 cents (natural gas issues); analyst's meeting transcript;

MPC (Marathon Petroleum): under/over? -- depends which number you want to look at -- Zacks;

MRO (Marathon Oil): 2/1

NBL: over/under? depends who you read; InPlay says they beat; others say they missed; a quick read of the earnings release did not impress me

NBR: $150 million loss due to lower nat gas prices vs $50 million profit in 4Q10;

NFX:  huge quarter (doubled profits) but missed estimates; press release; transcript;

NOG: Press release; IBD story;

NOV:  transcript; beats comfortably; stellar quarter - Zacks; $1.37 vs $1.30 (expected) and $1.05 (last year)

OAS: preliminary data; earnings press release;

ONEOK: $1.09 vs $0.76; raises guidance; announces split; 

OXY: Beats by 8 cents (not trivial); profits up 35%; higher oil prices and increased production; transcript; 

QEP: beats street but swings to a loss; transcript;

RIG: transcript;

SLB: Earnings up 31 percent; earnings transcript; 4Q11, $1.11; an increase of 13 cents sequentially, and 26 cents yoy.
 
SM: earnings; transcript;  WLL:  earnings at Reuters; transcript here;

SRE: hits new high; raising dividend;

SSN:

USEG:  3/12 - 3/15

VOG: 3/12 - 3/18

WFT: earnings up 27%; fourth quarter revenues of $3.71 billion were the highest in the company's history;

WHX: reserves, distribution, and termination forecast;

WMB: earnings, 2011; transcript;

WPX: N/A

XOM:  Beats/misses (depending to whom you listen); focus on natural gas is interesting; strategic vision articulated two years ago; correct strategy?