Earnings

NGI Hub & Flow Podcast Tackles Major 3Q Oil, Gas Earnings Takeaways — Listen Now

NGI Hub & Flow Podcast Tackles Major 3Q Oil, Gas Earnings Takeaways — Listen Now

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI director of strategy and research Patrick Rau analyzes the major natural gas news from third quarter natural gas earnings calls. Some of the topics that Rau explores are the growing interest in M&As, the possibility that U.S. natural…

November 24, 2020
Goodrich Looking to Haynesville As Natural Gas Prices Improve in 2021

Goodrich Looking to Haynesville As Natural Gas Prices Improve in 2021

With the 2021 natural gas futures strip price improved to more than $3.00/Mcf, Haynesville Shale-focused Goodrich Petroleum Corp. has increased its outlook and cash flow potential for the coming year. The independent’s production is 98% weighted to natural gas, and the latest price signals could “dramatically” help increase earnings potential, CEO Gil Goodrich said during…

November 16, 2020
Targa Boosting Permian Natural Gas Processing Capacity by Moving North Texas Plant

Targa Boosting Permian Natural Gas Processing Capacity by Moving North Texas Plant

Targa Resources Corp. is relocating a cryogenic natural gas processing plant to the Permian Basin from North Texas to boost what it said is much needed capacity in the region. The Houston-based midstream operator said the Longhorn plant would be moved to the Midland sub-basin in West Texas to accommodate increasing production. The 200 MMcf/d…

November 16, 2020
Oxy Taking ‘Contrarian Approach’ to Net-Zero Emissions by Developing Oil Resources, Reusing CO2

Oxy Taking ‘Contrarian Approach’ to Net-Zero Emissions by Developing Oil Resources, Reusing CO2

Houston-based Occidental Petroleum Corp. is aiming for net-zero carbon emissions, but rather than investing in renewables, it plans to capture and then reuse the carbon from its global oil developments, CEO Vicki Hollub said Tuesday. During a third quarter conference call, Hollub and the executive team offered details about the sweeping strategy to boost oil…

November 13, 2020
YPF Open to Vaca Muerta Farm-Ins, Sees Shale Production Bouncing Back to Pre-Covid Levels

YPF Open to Vaca Muerta Farm-Ins, Sees Shale Production Bouncing Back to Pre-Covid Levels

Executives at Argentina’s state energy firm Yacimientos Petrolíferos Fiscales SA (YPF) said their oil and gas fields are starting to return to work after the complete shutdown in April that became “the worst” month in the company’s history. Argentina responded to the arrival of the coronavirus in March with strict lockdown measures that have only…

November 13, 2020
Avista Utilities See Covid-19 Cut into Northwestern Power Demand

Avista Utilities See Covid-19 Cut into Northwestern Power Demand

Avista Corp. utilities in four northwestern states have committed to helping communities rebuild from the Covid-19 pandemic, but they are getting hit in real time from the loss of demand. CEO Dennis Vermillion during a conference call to discuss third quarter earnings said the safety and health of customers, employees and communities were the top…

November 12, 2020
U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog

U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog

Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…

November 11, 2020
California Resources Expecting No Significant Increase in Capex to Year’s End

California Resources Expecting No Significant Increase in Capex to Year’s End

California Resources Corp. (CRC) CEO Todd Stevens said the state’s largest independent is not planning any significant increase in capital investment in the fourth quarter after exiting bankruptcy last month.* CRC expects to add a renewable component to its traditional oil and gas business, Stevens said during the third quarter conference call.  “This has always…

November 10, 2020
NW Natural Pushes Expanded Hydrogen, RNG Projects Despite Pandemic

NW Natural Pushes Expanded Hydrogen, RNG Projects Despite Pandemic

While Covid-19 continues to have a financial impact, Portland, OR-based NW Natural is pursuing acquisitions of small water utilities, rolling out hydrogen research projects and expanding its sources of renewable natural gas (RNG). CEO David Anderson and senior executives outlined third quarter results and projects underway during an earnings conference call Thursday. After the initial…

November 10, 2020
Tellurian Completes First-Ever LNG Cargo Trade in 3Q

Tellurian Completes First-Ever LNG Cargo Trade in 3Q

Liquefied natural gas (LNG) project developer Tellurian Inc. in the third quarter bought and sold its first LNG cargo under a master agreement reached last year, according to a report the company filed with the U.S. Securities and Exchange Commission (SEC). Tellurian’s marketing arm bought the cargo in July and subsequently sold it to an…

November 10, 2020
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