Category: Finance/Earnings

Apache optimistic about U.S. shale as profits slip

Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year.  More »

CenterPoint Energy profits dip slightly

CenterPoint Energy’s businesses posted higher operating costs and electricity distribution suffered due to milder weather.  More »

Cool temperatures cut into NRG’s 2014 results, as the company bets on home solar

In a call Wednesday, executives at NRG Energy discussed third-quarter results held back by a cool summer before offering a very hot projection for growth in the company’s home solar business.  More »

Antero Midstream raises $1 billion in IPO

The partnership will own and operate pipelines and other assets of natural gas producer Antero Resources, including in the Marcellus Shale in West Virginia and the Utica Shale in southern Ohio.  More »

EOG profit doubles on low-cost wells even as oil price falls

CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump  More »

Valero’s profit triples in third quarter

Valero attributed the results to wider discounts for crude oils relative to the international benchmark crude and stronger gasoline margins in most regions.  More »

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »

Profits up at Enbridge in the third quarter

Enbridge Energy Partners said that profits jumped in the quarter as the company delivered record quantities of oil in Canada and North Dakota.  More »

Chevron’s profits climb 13 percent thanks to refining boost

The second-largest U.S. oil company also benefited from selling off some some of its assets as part of three-year divestment program.  More »

Exxon sees profit rise on refining strength

Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses.”  More »

Kirby Corp. grows onshore with hydraulic fracturing boom

Kirby Corp., a Houston-based barge shipping company, is growing its business on shore. Since hydraulic fracturing took off, Kirby has found a growing market for its diesel engine services division. The engines power hydraulic fracturing pumps, and demand has been rising in recent years.  More »

Enterprise Products posts higher profits in Q3

The Houston-based MLP reported higher fees in some sectors and an increase in crude volume moving through its pipelines.  More »
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