Energen Corp. (EGN) Tops Q2 EPS by 4c

Energen Corp. (NYSE: EGN) reported Q2 EPS of $0.66, $0.04 better than the analyst estimate of $0.62. Revenue for the quarter came in at $490.06 million versus the consensus estimate of $404.95 million.

2013 Guidance

Energen today affirmed its production guidance range of 26.1-26.5 million BOE (MMBOE). Included in this range is a full-year of Black Warrior Basin gas production; these assets currently are on the market. A sale of the properties prior to year-end would affect production for the year.

Drilling capital is estimated to remain approximately $1.0 billion; costs associated with additional Wolfcamp wells, deeper northern Wolfberry wells, additional working interests, and other change-in-scope items have been largely offset by a reduction in vertical Wolfberry wells.

For earnings history and earnings-related data on Energen Corp. (EGN) click here.

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