Newfield Exploration (NFX) Tops Q3 EPS by 15c

Newfield Exploration (NYSE: NFX) reported Q3 EPS of $1.01, $0.15 better than the analyst estimate of $0.86. Revenue for the quarter came in at $711 million versus the consensus estimate of $639.68 million.

2018 Production and Capital Investment Outlook

Newfield today increased its expectations for annual net production and capital investments in 2018. Newfield now expects to invest approximately $1.4 billion in 2018 (previous guidance was $1.35 billion), excluding capitalized interest and overhead costs of about $120 million. The increase in planned full-year 2018 capital investments is primarily related to accelerated completions in the Anadarko Basin and the continuation of its operated rig in the Uinta Basin through year-end 2018.

For earnings history and earnings-related data on Newfield Exploration (NFX) click here.

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