Rosetta Resources (ROSE) Misses Q4 EPS by 3c

Rosetta Resources (NASDAQ: ROSE) reported Q4 EPS of $0.25, $0.03 worse than the analyst estimate of $0.28.

Operational and Production Outlook

The first year of the Company's two-year operational program is based on completing roughly 20 gross operated wells in the Eagle Ford and eight gross operated wells in the Permian. The Company will focus on the high rate of return areas in the southern Gates Ranch and the Wolfcamp 'A' bench in the Delaware Basin. Drilling and completion costs should account for approximately 80 percent of the total spending with the remaining 20 percent allocated to central facilities, leasehold, and other corporate costs.

As a result of the lower capital spending program, full-year 2015 production guidance is expected to range from 58 – 62 MBoe/d. For the first quarter of 2015 the Company's production guidance is 64 – 67 MBoe/d. The average oil ratio is expected to be approximately 28 percent in 2015 as the majority of activity moves to southern Gates Ranch. Rosetta's capital project activity and guidance anticipates the realization of drilling, completion and other service cost reductions ranging from 20 to 30 percent as compared with 2014 levels.

For earnings history and earnings-related data on Rosetta Resources (ROSE) click here.

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