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Oasis Petroleum (OAS) Misses Q4 EPS by 1c

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February 24, 2016 5:26 PM EST

Oasis Petroleum (NYSE: OAS) reported Q4 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $182.1 million versus the consensus estimate of $237.89 million.

2016 Plan

Highlights for 2016 include:

  • $400 million total CapEx budget
  • Completing 46 gross (28.6 net) operated wells in 2016
  • 100% of completions are high intensity in the core
  • Running two rigs in Wild Basin

2016 Range

Metric

Production (Boepd)

Full Year 2016

46,000 - 49,000

Full Year Financial Metrics

LOE ($ per Boe)

$7.75 - $8.50

Marketing, transportation and gathering ("MT&G") ($ per Boe)(1)

$1.70 - $1.90

General and administrative ("G&A") ($ in millions)(2)

$90 - $95

Production taxes (% of oil and gas revenue)

~9.0%

CapEx Budget ($ in millions)

Drilling and completion

$200

OMS, including Wild Basin infrastructure

$140

Other(3)

$60

For earnings history and earnings-related data on Oasis Petroleum (OAS) click here.


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