On Tuesday, Bill Barrett Corporation (NYSE:BBG)’s shares declined -5.72% to $10.21.
Bill Barrett Corporation (BBG) plans to release its first quarter 2015 financial and operating results before the market opens on Friday, May 8, 2015 and to host a conference call later that morning. The Company also provides the following update on certain first quarter of 2015 commodity price data:
Commodity Price and Derivative Update
For the first quarter of 2015, West Texas Intermediate (“WTI”) oil prices averaged $48.63 per barrel, Northwest Pipeline (“NWPL”) natural gas prices averaged $2.79 per MMBtu and NYMEX natural gas prices averaged $2.99 per MMBtu. The Company had derivative commodity swaps in place for the first quarter of 2015 for 11,190 barrels of oil per day tied to WTI pricing at $92.33 per barrel, 18,967 MMBtu of natural gas per day tied to NWPL regional pricing at $4.15 per MMBtu and no hedges in place for natural gas liquids (“NGLs”). Based on preliminary results, the Company anticipates to realize a cash commodity derivative gain of about $46.4 million in the first quarter due to positive derivative positions and estimates that it will record about $12.0 million in non-cash, unrealized commodity derivative loss.
Bill Barrett Corporation, an independent energy company, attains, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.
Eclipse Resources Corp (NYSE:ECR)’s shares dropped -5.66% to $6.00.
Eclipse Resources Corp (ECR) offered an update to its 2015 Capital Budget, its first quarter 2015 estimated production and additional guidance on its operations in 2015. Highlights of the declarement comprised of:
- Eclipse Resources estimates that first quarter 2015 production averaged about 160 MMcfe per day, a 316% raise relative to the first quarter of 2014 and a 29% sequential raise over fourth quarter 2014 production.
- For the full year 2015, Eclipse Resources anticipates production to be between 180 MMcfe per day and 190 MMcfe per day representing production growth at the midpoint of this range of 154% over 2014 average daily production.
- Eclipse Resources’ Board of Directors has approved a capital budget of $352 million for 2015.
Eclipse Resources Corporation, an independent exploration and production company, attains and develops oil and natural gas properties in the Appalachian Basin. The company owns interests in the Utica Shale and Marcellus Shale areas.
At the end of Tuesday’s trade, Arch Coal Inc (NYSE:ACI)‘s shares dipped -5.66% to $1.00.
Arch Coal Inc (ACI) stated a net loss of $113 million, or $0.53 per diluted share, in the first quarter of 2015 contrast with a net loss of $124 million, or $0.59 per diluted share, in the first quarter of 2014. Revenues totaled $677 million for the three months ended March 31, 2015 and adjusted earnings before interest, taxes, depreciation, depletion and amortization (“adjusted EBITDA”) was $82 million, a threefold raise as contrast to the preceding-year quarter.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
Advanced Micro Devices, Inc. (NASDAQ:AMD), ended its Tuesday’s trading session with -5.62% loss, and closed at $2.35.
Advanced Micro Devices, Inc. (AMD) declared revenue for the first quarter of 2015 of $1.03 billion, operating loss of $137 million and net loss of $180 million, or $0.23 per share. Non-GAAP(1) operating loss was $30 million and non-GAAP(1) net loss was $73 million, or $0.09 per share.
Q1 2015 Results
- Revenue of $1.03 billion, down 17 percent sequentially and 26 percent year-over-year.
- Gross margin of 32 percent, up 3 percentage points sequentially, primarily due to a lower of cost or market inventory adjustment in Q4 2014. Non-GAAP(1)gross margin of 32 percent, reduced 2 percentage points sequentially due to product mix and lower game console royalties in the first quarter.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
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