Noble Energy (NBL) Tops Q2 EPS by 5c; Updates Outlook

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Go back to Noble Energy (NBL) Tops Q2 EPS by 5c; Updates Outlook

Noble Energy Announces Strong Second Quarter Results, Raises Full-Year 2016 Volumes to Average 415 MBoe/d, While Maintaining Full-Year Capital Under $1.5 Billion

August 3, 2016 7:00 AM EDT

Achieved record quarterly sales volumes of 427 MBoe/d, an increase of 43 percent over the second quarter of 2015, or an 18 percent increase pro-forma.  Also set records for quarterly volumes in the U.S. onshore assets and for a second quarter period in Israel.Reported second quarter capital expenditures of $262 million, significantly below expectations and down approximately 70 percent from the second quarter of 2015 pro-forma.Initiated production on the Companys third operated well within the Delaware Basin, achieving an IP-30 rate of 2,541 Boe/d (523 Boe/d per thousand lateral feet).  On a normalized... More