Energen (EGN) Tops Q1 EPS by 3c
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Energen (NYSE: EGN) reported Q1 EPS of ($0.64), $0.03 better than the analyst estimate of ($0.67). Revenue for the quarter came in at $122.76 million versus the consensus estimate of $122.91 million.
2Q16 and CY16 Financial and Production Guidance
Energen’s Estimated Expenses (pro forma for sales of non-core assets): | ||||||||
| Per BOE, except where noted | 2Q16 | CY16 | ||||||
| LOE (production costs, marketing & transportation) | $9.65-$10.00 | $9.20 - $9.60 | ||||||
| Production & ad valorem taxes (% of revenues, excluding hedges) | 7.5% | 7.6% | ||||||
| DD&A expense | $21.10 -$21.60 | $21.40-$22.00 | ||||||
| Salaries and general & administrative expense, net | $4.10-$4.50 | $4.00-$4.45† | ||||||
| Exploration expense (seismic, delay rentals, etc.) | $0.40-$0.45 | $0.30-$0.35 | ||||||
| Interest expense ($MM) | $9.0-$9.3 | $36.5-$37.5 | ||||||
| FF&E depreciation ($MM) | $1.1-$1.5 | $5.0-$5.5 | ||||||
| Accretion of discount on ARO ($MM) | $1.3-$1.7 | $6.0-$6.5 | ||||||
| Effective tax rate (%) | 33%-35% | 33%-35% | ||||||
† Excludes $0.17 per boe in CY16 for pension settlement expenses | ||||||||
For earnings history and earnings-related data on Energen (EGN) click here.
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