Noble Energy (NYSE: NBL) is an independent energy company engaged in the production of Oil and Gas. The company’s stock has declined by about 20% over the last month, and this could be due to two broad reasons. Firstly, in September, Saudi Arabian oil refining operations faced drone attacks that impacted close to 60% of the country’s production. It’s possible that investors view these attacks as a vulnerability for Noble’s sizable “Leviathan” gas field, which is located off the coast of Israel. Moreover, the company has been underperforming due to weak average price realizations for its natural gas business, given the oversupply in the U.S. natural gas markets. Over the first half of the year, total revenues declined 15% and the company remains loss-making, posting negative cash flows. Below, we take a look at how the company has performed in recent years and its outlook over the next two years.
View our interactive dashboard analysis on Why Noble Energy Stock Is Down 20% Over The Last Month
How does Noble Energy’s Revenue Growth in 2018 compare with that in prior periods and what’s the forecast?
Total Revenues for Noble Energy significantly increased from $4.26 Bil in 2017 to $4.99 Bil in 2018; an increase of 17.2%.
This compares with Total Revenues growth of:
- -37.8% in 2015 compared to 2014
- 9.68% in 2016 compared to 2015
- 21.9% in 2017 compared to 2016
We expect Total Revenues to decline by 11% in 2019, due to lower price realizations, particularly for natural gas.
How does Noble Energy’s Total Expense in 2018 compare with that in prior periods and what’s the forecast?
Total Expense for Noble Energy significantly decreased from $6.45 Bil in 2017 to $4.85 Bil in 2018; a decrease of -24.8%.
This compares with Total Expense growth of:
- 58.6% in 2015 compared to 2014
- -2.57% in 2016 compared to 2015
- 22.5% in 2017 compared to 2016
We expect Total Expense to decline by 5% in 2019.
How does Noble Energy’s EBT in 2018 compare with that in prior periods and what’s the forecast?
EBT for Noble Energy increased dramatically from -$2.19 Bil in 2017 to $140 Mil in 2018, due to cost-cutting.
We expect EBT to swing to a loss over 2019.
How do Noble Energy’s Net Income and EPS over 2018 compare with that in prior periods and what’s the forecast?
For more details on Noble Energy’s Net Income and EPS, view our interactive dashboard analysis.
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