AM

Energy Sector Update for 04/23/2018:

It will be a busy week of oil and gas sector reporting, with quarterly updates in oil services, major integrated companies and those focused on Canadian oil sands or U.S. shale oil plays holding out the prospect of micro and macro market insights.

Schlumberger's chief executive on Friday already gave a strong rationale for why the U.S. and international oil markets look set to remain tight in the quarters ahead.

MONDAY

Hallburton ( HAL ) - Q1 eps came in bang in line with Zack's analysts' survey median expectation of $0.41, versus ($0.04) in Q1 last year. The company had previously warned of weather-related delays in the U.S. shale patch, but the chief executive reported that a very strong March made up for that.

TUESDAY

McDermott International ( MDR ) - Q1 eps forecast $0.11; Q1 last year $0.08

Weatherford International ( WFT ) - Q1 eps forecast ($0.22); Q1 last year ($0.32)

WEDNESDAY

Antero Resources ( AR ) - Q1 eps forecast $0.28; Q1 last year $0.18

Antero Midstream Partners ( AM ) - Q1 eps forecast $0.39; Q1 last year $0.35

Antero Midstream GP (AMGP) - Q1 eps forecast $0.11; Q1 last year n/a

(Marcellus/Utica shale oil gas play)

Cenovus Energy (CVE) - Q1 eps forecast ($0.13); Q1 last year ($0.04)

Encana offshoot, oil sands/deep basin production; refineries

Hess Corp. (HES) - Q1 eps forecast ($0.55); Q1 last year ($1.07)

Hess Midstream (HESM) - Q1 eps forecast $0.29; Q1 last year n/a

Oceaneering International (OII) - Q1 eps forecast ($0.28); Q1 last year ($0.04)

Oil States International (OIS) - Q1 eps forecast ($0.14); Q1 last year ($0.34)

Range Resources (RRC) - Q1 eps forecast $0.47; Q1 last year $0.69

Operates in the Marcellus shale basin

THURSDAY

ConocoPhillips (COP) - Q1 eps forecast $0.73. Q1 last year ($0.02)

CVR Refining (CVRR) - Q1 eps forecast $0.12; Q1 last year $0.45

Kansas/Oklahoma refining and distribution.

EQT Corp (EQT) - Q1 eps forecast $0.89; Q1 last year $0.44

EQT GP Holdings (EQGP) - Q1 eps forecast $0.27; Q1 last year $0.23

EQT Midstream Partners (EQM) - Q1 eps forecast $1.44; Q1 last year $1.36

Appalachian gas producers, with subsidiaries in pipelines, etc.

National Oilwell Varco (NOV) - Q1 eps forecast ($0.04); Q1 last year ($0.17)

Houston oil services company has already warned on earnings miss (https://www.marketwatch.com/story/national-oilwell-varco-warns-of-revenue-miss-2018-04-16)

Royal Dutch Shell (RDS) - Q1 eps forecast $1.22; Q1 last year $0.82

Valero Energy (VLO) - Q1 eps forecast $0.95; Q1 last year $0.68

FRIDAY

Cabot Oil & Gas (COG) - Q1 eps forecast $0.24; Q1 last year $0.17

Mainly dry-gas producer in the Marcellus Shale play in Northeast Pennsylvania, branching out to Ohio.

Chevron Corp. (CVX) - Q1 eps forecast $1.47; Q1 last year $1.41.

Exxon Mobil Corp. (XOM) - Q1 eps forecast $1.20; Q1 last year $0.95.

Imperial Oil (IMO) - Q1 eps forecast $0.37; Q1 last year $0.30.

Exxon Mobil Corp. has controlling share -- oil sands properties, Canada's largest refiner.

LyondellBasell Industries (LYB) - Q1 eps Q1 forecast $2.8; Q1 last year $2.26.

Phillips 66 (PSX) - Q1 eps forecast $0.88; Q1 last year, $0.56.

Update on its Borger, Texas 180,000 bpd plant (http://www.newschannel10.com/story/38014918/phillips-66-warns-of-possible-fuel-shortages-after-issue-at-refinery); also, Atlantic Basin oil products outlook.

--TransCanada (TRP) - Q1 eps forecast $0.63; Q1 last year, $0.61.

Looking for any updates to the Keystone XL pipeline, which has Trump Administration approval and commitments to be commercial, but still awaiting various state-level approvals and court proceedings.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

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