Does WLL’s Revenue Growth Trend Suggest More Gains?



Whiting Petroleum’s historical revenues

Whiting Petroleum’s (WLL) revenue growth has been negative since 4Q14, mostly because of lower realized crude (UWTI) and natural gas (FCG) prices.

Specifically, Whiting Petroleum’s (WLL) 2Q16 revenue fell by ~48.2% YoY (year-over-year), and its YoY revenue growth was -21% in 2Q15 and -44% in 1Q16.

By comparison, Whiting’s upstream peers Oasis Petroleum (OAS), Concho Resources (CXO), and Continental Resources (CLR) saw YoY revenue growths of -22%,-13%, and -40%, respectively, in 2Q16. These companies have yet to release their fiscal 2Q16 earnings.

WLL’s net profit margin has been negative since 3Q14. In 2Q16, it was -89%, as compared to -23% in 2Q15 and -59% in 1Q16.

Continue to the next part for a look at Whiting’s growth goals.

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