Noble Energy (NBL) Q2 Earnings Beat Estimates, Revenues Lag
Zacks Investment Research | Aug 03, 2017 04:57AM ET
Noble Energy, Inc. (NYSE:NBL) reported adjusted earnings of 5 cents per share for the second quarter of 2017, beating the Zacks Consensus Estimate of a loss of 13 cents.
On a GAAP basis, the company reported a loss of $3.20 per share against a loss of 73 cents in the year-ago quarter.
The difference between adjusted and GAAP figures was due to the combined effect of a loss on divestiture, acquisition expenses, other charges, offset by a gain from tax adjustment.
Total Revenue
Noble Energy's total revenue increased around 25.1% year over year to $1,059 million in the second quarter. However, reported revenues marginally lagged the Zacks Consensus Estimate of $1,065 million by 0.6%.
Noble Energy Inc. Price, Consensus and EPS Surprise
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Upcoming Peer Releases
Anadarko Petroleum Corp. (NYSE:APC) reported second-quarter 2017 adjusted loss of 77 cents per share, far wider than the Zacks Consensus Estimate of a loss of 37 cents.
Murphy Oil Corp. (NYSE:MUR) reported second-quarter 2017 loss of 11 cents per share, narrower than the Zacks Consensus Estimate of a loss of 15 cents.
WPX Energy Inc. (NYSE:WPX) reported a loss of 14 cents per share in the second quarter of 2017, narrower than the Zacks Consensus Estimate of a loss of 16 cents.
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