Noble Energy’s revenue trends
Noble Energy’s (NBL) revenue rose ~5.2% YoY (year-over-year) in 2Q16. In comparison, its YoY revenue growth was -29% in 2Q15 and -8% in 1Q16.
We can see in the graph above that Noble Energy’s YoY revenue was negative from 3Q14 onward before turning positive in 2Q16. For 3Q16, analysts’ estimates point to positive YoY revenue growth of 27% for NBL. Stay tuned to see how NBL’s revenue fares in 3Q16.
In comparison, Noble Energy’s peer EQT Corporation (EQT) reported a revenue rise of -71% YoY in 2Q16, and Antero Resources (AR) reported a revenue rise of ~27% YoY. These companies make up 6% of the iShares US Oil & Gas Exploration & Production ETF (IEO).