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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 rhiannon.hoyle@wsj.com

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

Stocks mentioned in the article : BHP Billiton Limited
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Financials ($)
Sales 2017 38 883 M
EBIT 2017 12 955 M
Net income 2017 7 026 M
Debt 2017 18 320 M
Yield 2017 4,48%
P/E ratio 2017 14,49
P/E ratio 2018 15,47
EV / Sales 2017 2,97x
EV / Sales 2018 2,92x
Capitalization 97 325 M
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Mean consensus OUTPERFORM
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Average target price 20,6 $
Spread / Average Target 6,7%
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NameTitle
Andrew Mackenzie CEO & Non-Independent Executive Director
Jacques Albert Nasser Chairman
Peter Beaven Chief Financial Officer
Diane Jurgens Chief Technology Officer
Wayne William Murdy Independent Non-Executive Director
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