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Independant oil and gas company Whiting Petroleum Corp reported worse than expected fourth quarter earnings after the market close Tuesday. WLL was hurt by lower crude prices and higher oil differentials. Oil differentials significantly increased in December.
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Independant energy producer and shale exploration company Matador Resources reported fourth quarter earnings after the close Tuesday. $MTDR reiterated its drilling spend cutbacks and divesting non core assets. The companies main focus is the efficiency of the Wolfcamp and Bone Spring plays in the Delaware Basin.
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Independent oil and natural gas company EOG Resources reported fourth quarter earnings after the market close Tuesday that missed on the bottom line but beat in revenues. $EOG as expected was hurt by production constraints in the Permian pipeline bottleneck but still exceeded production midpoints.
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Sempra Energy reported better than expected fourth quarter earnings Tuesday on the the bootom and top lines. Last quarter $SRE announced a new partnership with Total on Cameron LNG, investors will be looking for more updates there and how Oncor is developing.
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Houston based Cheniere Energy reported mixed fourth quarter earnings Tuesday, missing on the top line but beating revenues by over $500 million. $LNG last quarter gained from higher LNG revenue, and the natural gas company raised guidance for global demand.
