What Does Whiting Petroleum’s Revenue Growth Trend Show?



Whiting Petroleum’s revenue and EPS trends

Whiting Petroleum’s (WLL) 2Q16 revenue fell ~48% YoY (year-over-year). In comparison, its YoY revenue fell 21% in 2Q15 and 44% in 1Q16.

We see in the above graph that since 4Q14, WLL’s quarterly revenues have been negative on a year-over-year basis.

Lower realized energy prices (USO) (UNG) have pulled down revenues for several upstream companies. This, in turn, has affected earnings. WLL’s peers Oasis Petroleum (OAS) and Continental Resources (CLR) reported 2Q16 revenues of -22% and -30%, respectively, year-over-year.

WLL also saw a fall in its net profit margin. In 2Q16, it was -89%. In comparison, it was -23% in 2Q15 and -59% in 1Q16.

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