Whiting Petroleum (WLL) Tops Q2 EPS by 1c

Whiting Petroleum (NYSE: WLL) reported Q2 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $590 million versus the consensus estimate of $676.62 million.

• Record Q2 2015 Production of 170,245 BOE/d, a 2% Increase over Q1 2015; Exceeds High End of Guidance Despite 8,300 BOE/d Property Sales
• Adjusted Net Income of $9.2 Million or $0.04 per Diluted Share
• Q2 2015 Discretionary Cash Flow Totals $380.7 Million, a 53% Increase Over Q1 2015
• Enhanced Completions Deliver 40% to 50% Production Increases Across Multiple Williston Basin Areas; Enhanced Completion Dunn County Well Tests at 4,300 BOE/d
• Redtail Niobrara Field Production of 17,065 BOE/d in Q2 2015, Up 31% Over Q1 2015
• $185 Million Additional Q2 2015 Non-Core Property Sales; $300 Million of Total Asset Sales in 1H 2015
• 2015 Capital Budget Revised to $2.15 Billion for 6.5% Production Growth

For earnings history and earnings-related data on Whiting Petroleum (WLL) click here.

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