New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 19, 2013
19:49 EDTNFXNewfield 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.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
06:47 EDTNFXNewfield Exploration removed from short-term buy list at Deutsche Bank
Subscribe for More Information
July 17, 2014
08:11 EDTNFXNewfield Exploration raises FY14 production to 46.5-48.5 MMBoe from 44-48 MMBoe
Newfield expects that its planned 2014 domestic capital investments will total about $1.7B from $1.6B. The additional investments specifically relate to improved drilling performance across the company and the addition of new acreage in the Anadarko Basin. Due to continued operational efficiencies, Newfield expects to drill up to 15 additional gross wells across its focus areas in 2014. Newfield's net production from continuing operations in the second quarter of 2014 was 12.1 MMBOE from 10.7 11.3 MMBOE. Liquids comprised approximately 55% of second quarter production volumes. Net liftings from discontinued operations totaled less than 0.1 MMBOE. Domestic production in the second quarter increased 12% over the first quarter of 2014 and 21% over the comparable quarter of 2013. Domestic liquids production in the second quarter of 2014 increased 13% over the first quarter of 2014 and 40% over the comparable quarter of 2013.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use