Earnings Preview: Big Week Coming for Independent Oil and Gas

By
A A A

This week saw a flurry of economic and earnings reports, with several well-known commodity firms posting both hits and misses. Newmont Mining Corp. ( NEM ) revenue and earnings came in below expectations, while Suncor Energy ( SU ) beat forecasts. Independent oil and gas firm Devon Energy Corp. ( DVN ) beat EPS estimates by $0.10, though the company reported a loss in the first quarter of $1.3 billion.

Below, we highlight four important commodity firms reporting earnings next week:

  • EOG Resources ( EOG ): This independent oil and gas company is slated to report earnings on Monday. Analysts expect earnings per share to come in at $1.17, slightly higher than last month's estimate, but lower than expectations three months ago. In Q4 of 2012, EPS came in at $1.61. For the last three quarters, EOG Resources has beaten analysts' earnings expectations. Revenues are expected to rise slightly to $3.1 billion, as compared to last quarter's $3.0 billion figure.
  • Anadarko Petroleum Corp. ( APC ): Another independent oil and gas firm, Anadarko will also be reporting on Monday, with analysts expecting a slight uptick in earnings. Last quarter, EPS came in at $0.91 and for Q1, earnings are forecasted to be around $0.93; for the past three months, EPS estimates have increased. Revenues, however, are expected to remain the same at $3.4 billion.
  • Marathon Oil Corp. (MRO): This popular oil company is expected to report first-quarter earnings on Tuesday. Analyst forecasts for earnings are around $0.72 per share, which is significantly higher than last quarter's $0.55 figure. Revenues are also expected to increase to $4.6 billion, compared to last quarters $4.2 billion.
  • Apache Corp. (APA): Finishing out the week, this Texas-based company is slated to report earnings on Friday. Analysts' earnings estimates have decreased since three months ago, but are slightly higher than last month's; EPS is now expected to come in at $2.20, down slightly from last quarter's $2.27 figure. Revenues are also expected to slightly decrease; analysts estimate revenue to be $4.3 billion, compared to the fourth quarter's $4.4 billion figure.
Follow us on Twitter @CommodityHQ

Editor's note: This article by Daniela Pylypczak was originally published on Commodity HQ .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities , Earnings

Referenced Stocks: APC , DVN , EOG , NEM , SU

Minyanville

Minyanville

More from Minyanville:

Related Videos

Stocks

Referenced

Most Active by Volume

136,198,137
  • $115.31 ▲ 5.65%
103,116,984
  • $15.20 ▼ 2.75%
81,757,115
  • $41.19 ▼ 3.45%
78,208,076
  • $46.46 ▼ 3.19%
60,516,816
  • $6.56 ▼ 11.95%
48,269,719
  • $23.84 ▼ 2.21%
47,750,660
  • $7.20 ▼ 2.96%
45,156,204
  • $32.68 ▼ 0.40%
As of 1/28/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com