X
<

Energen Beat 2Q16 Expectations: What's Its Secret?

PART:
1 2 3 4 5 6
Energen Beat 2Q16 Expectations: What's Its Secret? PART 1 OF 6

How Did Energen’s 2Q16 Earnings Look?

Energen beats 2Q16 EPS estimates

Energen (EGN) announced its 2Q16 earnings on August 8, 2016, after the markets closed. Energen reported an adjusted loss of $0.28 per share, $0.07 better than Wall Street analyst consensus for a loss of $0.35 per share.

Energen’s 2Q16 EPS (earnings per share) were lower by $0.38 per share when compared with a 2Q15 profit of $0.10 per share. But when compared sequentially with 1Q16, EGN’s 2Q16 EPS is higher by $0.36 per share.

How Did Energen’s 2Q16 Earnings Look?

Interested in EGN? Don't miss the next report.

Receive e-mail alerts for new research on EGN

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Energen’s 2Q16 revenues beat estimates

For 2Q16, EGN reported adjusted revenues of ~$166 million, ~13% better than Wall Street analyst consensus for revenues of ~$147 million. Energen’s 2Q16 revenues are lower by ~42% when compared with 2Q15 revenues of ~$285 million. But when compared sequentially with 1Q16, Energen’s 2Q16 revenues are higher by ~30%.

Energen’s earnings trend

As seen in the above chart, Energen reported lower earnings in 2015 due to lower realized crude oil (USO) (UWTI) (DWTI) and natural gas (UNG) (BOIL) prices. In 1Q16, EGN saw its adjusted earnings turn negative for the first time since 2002.

Since 2013, Energen has exceeded earnings expectations ~43% of the time. Since 2013, other upstream players like Southwestern Energy (SWN), ConocoPhillips (COP), and EOG Resources (EOG) have beat earnings expectations ~57%, ~64%, and ~93% of the time, respectively.

In this series

In this series, we’ll also look at Energen’s 2Q16 cash flow, operational performance, Wall Street analyst ratings, Energen’s price forecast using implied volatility, and how Energen’s stock price reacted after beating past earnings estimates.

Now let’s take a look at how much cash Energen generated in 2Q16.

X

Please select a profession that best describes you: