Oasis’s revenue and net profit margin growth
Oasis Petroleum’s (OAS) 2Q16 revenue fell by ~22% YoY (year-over-year). By comparison, its YoY revenue growth was -36% in 2Q15 and -28% in 1Q16.
Oasis’s upstream peers Whiting Petroleum (WLL), Concho Resources (CXO), and Continental Resources (CLR) saw YoY revenue growths of -48%,-13%, and -40%, respectively, in 2Q16. These companies have yet to release their 2Q16 earnings.
Notably, OAS also saw a fall in its net profit margin. In 2Q16, it was -50%, but it was -23% in 2Q15 and -49.5% in 1Q16.
Now let’s take a closer look at the company’s operations.