Noble Energy (NBL) Misses Q3 EPS by 4c; Trims FY15 CapEx Outlook

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Go back to Noble Energy (NBL) Misses Q3 EPS by 4c; Trims FY15 CapEx Outlook

Noble Energy Announces Third Quarter 2015 Results

November 2, 2015 7:15 AM EST

Organic capital expenditures of $664 million, below the low end of guidance.  Full year 2015 capital is now estimated at slightly below $3 billion, a reduction of approximately $100 million from prior estimates.Discretionary cash flow(1)was $708 million for the quarter.Production costs, including lease operating expense, production taxes, and transportation & gathering averaged $6.74 per BOE, a 14 percent reduction from the second quarter of 2015.Record quarterly sales volumes of 379 MBoe/d and increased volume guidance for the fourth quarter.Closed the merger with Rosetta Resources Inc. on July 20,... More