U.S. Markets closed

Free Post Earnings Research Report: Whiting's Adjusted EPS Scaled 253%

Stock Monitor: GeoPark Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free earnings report on Whiting Petroleum Corp. (NYSE: WLL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WLL. Whiting Petroleum reported its financial results for first quarter of fiscal year 2018 (Q1 FY18) on April 30, 2018. The Company surpassed analysts' estimates for revenue and earnings for first quarter 2018. Additionally, the Company provided its guidance for the second quarter 2018 and full-year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for GeoPark Limited (NYSE: GPRK), which also belongs to the Basic Materials sector as the Company Whiting Petroleum. 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, Whiting Petroleum most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

In first quarter 2018, Whiting Petroleum's total production increased to 11.4 million barrels of oil equivalent (MMBOE) compared to 10.6 MMBOE in first quarter 2017. For Q1 FY18, the Company's production averaged 127,050 barrels of oil equivalent per day (BOE/d). The Company's revenue advanced to $515.1 million in the reported quarter in comparison to $371.3 million in prior year's comparable period, increasing 38.7% on a y-o-y basis. The Company's revenue exceeded analysts' projections of $478.9 million

In Q1 FY18, Whiting Petroleum incurred total operating expenses of $416.9 million versus $448.8 million in Q1 FY17. The Company posted income from operations of $98.2 million in the reported quarter compared to loss $77.5 million in year ago same period.

Whiting Petroleum added net income of $15.0 million in the reported quarter compared to net loss of $87.0 million in prior year's same quarter. The Company's diluted earnings per share (EPS) grew by 117% to $0.16 in Q1 FY18 compared to loss of $0.96 per share in Q1 FY17. The Company's adjusted EPS in the reported quarter rose by 253% to $0.92, which surpassed analysts' estimates of $0.22 per share.

Segments Details

Whiting Petroleum generates revenue through three product lines: (i) Oil sales; (ii) Natural gas liquids (NGL); and (iii) Natural Gas sales.

Whiting Petroleum generated total revenue of $453.7 million from Oil sales in the reported quarter compared to $320.5 million in year ago same quarter. Total oil production increased to 7.7 million barrels of oil (MMBbl), NGLs (other liquid hydrocarbons) in Q1 FY18 in comparison to 7.3 MMBbl Q1 FY17.

During Q1 FY18, Whiting Petroleum produced 1.8 MMBbl of NGL compared to 1.6 MMBbl in Q1 FY17. NGL sales improved by 50% to $42.8 million in Q1 FY18 compared to $28.6 million in Q1 FY17.

In first quarter 2018, Whiting Petroleum added net sales of $18.6 million compared to $22.2 million in the first quarter of 2017. The segment's production increased to 11.3 billion cubic feet (Bcf) in Q1 FY18 compared to 10.6 Bcf in Q1 FY17.

Cash Matters

As of March 31, 2018, Whiting Petroleum's cash and cash equivalents stood at $30.5 million compared to $16.4 million as of March 31, 2017. The Company had long-term debt of $2.86 billion as of March 31, 2018, versus $2.76 billion as of December 31, 2017.

During Q1 FY18, Whiting Petroleum generated net cash inflow from operating activities of $232.9 million in comparison to $80.0 million in Q1 FY17.


Whiting Petroleum expects total production to be in range of 11.0 - 11.5 MMBOE in Q2 FY18 and 46.5 - 47.2 for FY18. The Company anticipates Lease operating expense and Interest expense per BOE to be in band of $7.90 - $8.50 and $4.00 - $4.40, respectively, for second quarter 2018.

Stock Performance Snapshot

May 24, 2018 - At Thursday's closing bell, Whiting Petroleum's stock was slightly down 0.47%, ending the trading session at $50.54.

Volume traded for the day: 4.86 million shares, which was above the 3-month average volume of 4.78 million shares.

Stock performance in the last month - up 23.63%; previous three-month period - up 75.67%; past twelve-month period - up 45.90%; and year-to-date - up 90.86%

After yesterday's close, Whiting Petroleum's market cap was at $4.57 billion.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Drilling & Exploration industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors