Earnings

Pioneer Natural Resources Co.’s management team on Thursday touted strong production volumes for the first quarter, boosted by natural gas output. A day after announcing his planned retirement, CEO Scott Sheffield also brushed aside questions about whether the Permian Basin powerhouse would consider a sale to ExxonMobil. Multiple media outlets earlier in April reported that…

Range Resources Corp.’s outgoing CEO Jeff Ventura was upbeat about the long-term prospects of the company and the Marcellus Shale in his final quarterly earnings call with the firm on Tuesday (April 25). Ventura and his management team highlighted Range’s liquids-rich, low-cost Appalachian Basin pure-play portfolio, as well as the importance of natural gas to…

Wobbly natural gas prices did not deter Halliburton Co. from delivering a solid first quarter performance, as customers cranked up their activity in the oil basins, offshore and overseas, CEO Jeff Miller said Tuesday. Halliburton is the No. 1 pressure pumping company in North America, and as it goes, so goes U.S. exploration and production…

Weak natural gas prices and inflation are likely to be big topics as North American producers and midstream operators unveil their quarterly results in the coming weeks. SLB Ltd., which has its fingers on the pulse of exploration and production (E&P) customers, has revised its North American outlook for 2023 because of languishing natural gas…

The global midstream energy industry is likely to expand only modestly through 2023 and next year, given slumping natural gas prices and stubbornly high inflation, according to Moody’s Investors Service. The rating agency’s research arm, in a new outlook, emphasized the modest growth would follow strong performances across 2022, a year in which energy demand…

Languishing U.S. natural gas prices have led SLB Ltd. to revise the North American outlook for 2023, CEO Olivier Le Peuch said Friday. The No. 1 oilfield services company is “primed” for growth and margin expansion this year, but the gains are likely to be led by a “very solid international outlook,” Le Peuch said…

Overall natural gas demand slipped in the first quarter and prices dropped, but Kinder Morgan Inc. (KMI) said its natural gas pipeline business forged ahead and fueled earnings amid a shortage of new infrastructure that maximized the value of its existing network. “The world needs reliable and affordable energy to advance human development, and it…

This year has begun with some “macro volatility,” but Baker Hughes Co.’s executive team remains optimistic about the outlook for energy services, particularly for natural gas. The Houston-based oilfield services (OFS) giant kicked off the quarterly earnings season for the energy sector on Wednesday. CEO Lorenzo Simonelli led a conference call with analysts to share…

Opal Fuels Inc., a producer and distributor of renewable natural gas (RNG), saw revenue from RNG sales skyrocket in 2022, jumping more than 40% over 2021 figures, management noted during the company’s fourth quarter and full year earnings call.  The White Plains, NY-based company pushed RNG fuel production up to 2.2 million MMBtu in 2022,…