Newfield Exploration reports Q4 EPS with items ($10.39) , consensus 43c Reports Q4 revenue $646M, consensus $642.73M. The company's results were impacted by a $1.5B non-cash full cost ceiling test writedown associated with the carrying value of domestic proved reserves, and a $550M non-cash charge primarily associated with the repatriation of its accumulated international profits in Q4. The repatriation was a result of the company's strategic decision not to permanently reinvest international profits overseas triggered by its focus on accelerating growth from its U.S. operations. Repatriated cash was used in Q4 to reduce borrowings under the company's revolving credit facility.
News For NFX From The Last 14 Days
Check below for free stories on NFX the last two weeks.
UBS to hold a conference Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link