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Newfield Exploration Co. : Free Post Earnings Research Report: Newfield’s Quarterly Revenue Jumped 12%; EPS Soared 83%

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12/08/2017 | 01:02pm CET

Stock Monitor: Bellatrix Exploration Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 08, 2017 / Active-Investors free earnings report on Newfield Exploration Co. (NYSE: NFX) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=NFX. Newfield Exploration Company (NYSE: NFX) reported its third quarter fiscal 2017 operating results on October 31, 2017. The independent oil and gas Company reported better than expected revenue and earnings results. Register today and get free access to our complimentary member's area where many more reports are available:


Active-Investors.com is currently working on the research report for Bellatrix Exploration Ltd (NYSE: BXE), which also belongs to the Basic Materials sector as the Company Newfield Exploration. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Newfield Exploration most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:


Earnings Highlights and Summary

For the three months ended September 30, 2017, Newfield's revenues were $439 million, up 12% compared to revenue of $392 million in Q3 2016. The Company's revenue surpassed analysts' expectations of $418.7 million.

During Q3 2017, Newfield recorded operating expenses of $327 million, lower than expenses of $347 million in Q3 2016. The Company's income from operations for the reported quarter soared 149% to $112 million versus $45 million in the year-ago same period.

For Q3 2017, Newfield recorded net income of $87 million, or $0.44 per diluted share, compared to net income of $48 million, or $0.24 per diluted share.

The Company's reported quarter earnings were impacted by one-time tax benefits of $17 million, or $0.09 per share, due to the carryback of net operating losses, and an unrealized derivative loss of $34 million, or $0.17 per share. After adjusting for the effect of the tax benefit and unrealized derivative loss during Q3 2017, Newfield's net income would have been $104 million, or $0.52 per share. The Company's earnings exceeded Wall Street's estimates of $0.43 per share.

Operating Details

Newfield's total net production in Q3 2017 was approximately 161,700 barrels of oil equivalent per day (BOEPD), comprising of 42% oil, 22% natural gas liquids (NGLS), and 36% natural gas. The Company's domestic production in the reported quarter was approximately 159,000 BOEPD, surpassing the upper-end of Newfield's guidance range and comprised of 41% oil, 23% NGLS, and 36% natural gas.

Newfield's Anadarko Basin production increased approximately 20% on a q-o-q basis, averaging approximately 105,000 BOEPD during the third quarter. The Anadarko Basin now comprises approximately two-thirds of the Company's total domestic production.

Newfield's production in the Williston Basin increased during the reported quarter, averaged nearly 22,000 BOEPD. Approximately 65% of the production was oil and the average sales price during Q3 2017 was $45.21 per barrel.

Newfield's average realized price for Crude oil and condensate (per Bbl) was $45.70 domestically and $48.22 in China. The Company's total natural gas (per Mcf) averaged realized price was $2.52, while NGLS (per Bbl) in the reported quarter. Newfield's Q3 2017, average realized price Crude oil equivalent (per BOE) through Domestic production was $30.32 while for China it came in at $48.22.

Cash Matters

For the nine months ended September 30, 2017, Newfield's net cash provided by operating activities was $640 million compared to $587 million for the year-ago same period. The Company's discretionary cash flow from operations was $262 million for the reported quarter. At the end of Q3 2017, Newfield had approximately $428 million of cash on hand compared to $555 million as on December 31, 2016.

Stock Performance Snapshot

December 07, 2017 - At Thursday's closing bell, Newfield Exploration's stock rose 1.48%, ending the trading session at $28.86.

Volume traded for the day: 1.89 million shares.

Stock performance in the last three-month period ? up 16.37%

After yesterday's close, Newfield Exploration's market cap was at $5.74 billion.

Price to Earnings (P/E) ratio was at 16.73.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 0.2% at the end of the session.


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Financials ($)
Sales 2017 1 760 M
EBIT 2017 494 M
Net income 2017 450 M
Debt 2017 2 120 M
Yield 2017 -
P/E ratio 2017 12,25
P/E ratio 2018 10,79
EV / Sales 2017 4,36x
EV / Sales 2018 3,65x
Capitalization 5 551 M
Duration : Period :
Newfield Exploration Co. Technical Analysis Chart | NFX | US6512901082 | 4-Traders
Technical analysis trends NEWFIELD EXPLORATION CO.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 36,4 $
Spread / Average Target 31%
EPS Revisions
Lee K. Boothby Chairman, President & Chief Executive Officer
Gary D. Packer Chief Operating Officer & Executive Vice President
Lawrence S. Massaro Chief Financial Officer & Executive Vice President
J. Terry Strange Independent Director
Pamela J. Gardner Independent Director
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