Noble Energy (NBL) Tops Q4 EPS Views; Offers FY16 Outlook
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Noble Energy Details 2016 Outlook and Guidance
February 17, 2016 7:32 AM EST
Total 2016 capital estimated at $1.5 billion, approximately 50 percent lower than 2015 Focus on managing within total cash flows and maintaining financial strength in the current commodity environmentTargeting two-thirds of capital program to onshore U.S. unconventional assets and one-third to offshore development and explorationExpect full-year sales volumes up 10 percent over 2015 reported totals (consistent with full-year 2015 pro-forma for the Rosetta Resources Inc. merger)Anticipate liquids volumes will increase by approximately 20 MBbl/d over 2015 reported total
Houston, Feb. 17, 2016... More
Noble Energy Announces Fourth Quarter and Year-End 2015 Results
February 17, 2016 7:30 AM ESTQuarterly capital expenditures totaled $527 million, below the low end of guidance, and less than discretionary cash flow(1) and cash flow from operations.Exited the fourth quarter of 2015 with $5 billion in liquidity, including cash on hand and undrawn credit facility.Continued strong performance in all core areas drove record quarterly sales volumes of 422 MBoe/d, above the increased guidance range. Set a new quarterly record for DJ Basin volumes of 121 MBoe/d.Reduced unit lease operating expense 36 percent year over year to $3.76 per BOE.Continued drilling and... More
CONE Midstream Reports Strong Fourth Quarter Results
February 17, 2016 7:01 AM ESTCANONSBURG, Pa., Feb. 17, 2016 /PRNewswire/ -- CONE Midstream Partners LP (NYSE: CNNX) ("CONE Midstream" or the "Partnership") today reported financial and operational results for the three months and the full year ending December 31, 2015.(1)Â The Partnership also announced financial guidance for 2016.
Fourth Quarter Results
Highlights of fourth quarter 2015 results attributable to the Partnership as compared to the fourth quarter of 2014 include:
Net income of $22.5 million as compared to $15.3 million Average daily throughput volumes of 760 billion Btu per day (BBtu/d) as compared to 545 BBtu/d Adjusted... More