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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  BHP Billiton Limited    BHP   AU000000BHP4

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BHP Petrohawk Losses Deepen as Gas Prices Fall

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11/08/2012 | 12:24am CEST
   By Rhiannon Hoyle 
 

SYDNEY--Losses at BHP Billiton Ltd.'s (>> BHP Billiton Limited) U.S. shale operation Petrohawk Energy Corp. this year have deepened amid continued weakness in natural-gas markets.

BHP on Thursday reported a loss from continuing operations before income tax of US$211.5 million for the nine months to Sep. 30 for Petrohawk, compared with profit of US$201.3 million in the year-earlier period.

In a statement to the stock exchange, BHP said the average price for natural gas in the nine months to the end of September had nearly halved year-on-year, contributing to the deepening losses.

Petrohawk had recorded a third-quarter loss of US$55 million, the statement added, a sharp turnaround from profit of US$127 million in the same quarter of 2011.

Write to Rhiannon Hoyle at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : BHP Billiton Limited
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Financials ($)
Sales 2018 39 224 M
EBIT 2018 12 212 M
Net income 2018 6 347 M
Debt 2018 13 053 M
Yield 2018 3,69%
P/E ratio 2018 16,64
P/E ratio 2019 17,05
EV / Sales 2018 3,00x
EV / Sales 2019 2,87x
Capitalization 105 B
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Technical analysis trends BHP BILLITON LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 21,6 $
Spread / Average Target 4,6%
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Managers
NameTitle
Andrew Mackenzie CEO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Peter Beaven Chief Financial Officer
Diane Jurgens Chief Technology Officer
Wayne William Murdy Independent Non-Executive Director
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