Earnings

Montney Shale pure-play Arc Resources Ltd. is forecasting strengthened pricing at the NOVA/AECO hub in western Canada relative to the U.S. Henry Hub over the coming months, according to management. In a conference call to discuss third-quarter earnings, CFO Kris Bibby said “we are excited for the immediate near term in the winter. We would…

Germany’s Uniper SE reported record losses from January to September as it was battered by Russia’s curtailment of natural gas volumes, but management said the firm is on a path to stability with LNG as a stepping stone. Uniper, Germany’s largest importer of Russian gas, has been navigating a geopolitical and economic crisis since before…

With LNG exports seen driving U.S. natural gas demand growth over the coming years, Devon Energy Corp. is positioning itself to capitalize on premium global gas prices, management said Wednesday.  In a call to discuss the Lower 48 producer’s third quarter earnings, CEO Rick Muncrief highlighted a partnership with Delfin Midstream Inc. that would see…

BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday (Nov. 1). Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led…

Enterprise Products Partners LP transported record volumes on its pipeline systems during the third quarter of 2022, buoyed by the natural gas gathering and processing business it acquired from Navitas Midstream Partners LP earlier this year. However, management acknowledged that pipeline capacity in the Permian Basin is tight, and more negative gas pricing may be…

Marathon Oil Corp. has entered a deal to acquire the natural gas and condensate-weighted Eagle Ford Shale assets of Ensign Natural Resources for $3 billion in cash. The assets span 130,000 net acres in South Texas’ Live Oak, Bee, Karnes and Dewitt counties across the condensate, wet gas and dry gas phase windows of the…

Cheniere Energy Inc. continues to deliver increasing volumes of LNG and said Thursday its production hit a record last week, but the company reported a steep third quarter loss related to the purchase of feed gas at prices linked to international benchmarks. CEO Jack Fusco said liquefied natural gas output at the company’s terminals in…

Riding the wave of strong U.S. natural gas demand and project development milestones, Sempra management reported it is now targeting a final investment decision (FID) for its Port Arthur LNG project during 1Q2023 and is currently marketing its proposed expansion. San Diego-based Sempra’s liquefied natural gas subsidiary, Sempra Infrastructure, has been developing the project southeast…

Pioneer Natural Resources Co. is seeking to curb its exposure to natural gas basis discounts at the Waha Hub in West Texas, according to the firm’s COO Richard Dealy. Spot and futures prices at the Permian Basin hub increasingly have been trading at a discount to U.S. benchmark Henry Hub amid saturated takeaway capacity out…