Top-News
Freitag,
26.07.2019 22:10
von
PR Newswire
| Aufrufe: 196
Anadarko Announces 2019 Second-Quarter Results
Silhouette von Öl-Förderpumpen (Symbolbild).
© ssuaphoto / iStock / Getty Images Plus / Getty Images
http://www.gettyimages.de
PR Newswire
HOUSTON, July 26, 2019
HOUSTON, July 26, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced 2019 second‑quarter results, reporting a net loss attributable to common stockholders of $1.025 billion, or $2.09 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased the net loss by $1.274 billion, or $2.60 per share (diluted), on an after-tax basis,(1) which includes the Chevron merger termination fee and other merger transaction costs of $1.042 billion. Net cash provided by operating activities totaled $776 million for the quarter.
SECOND-QUARTER 2019 OPERATIONAL HIGHLIGHTS
Anadarko's second-quarter 2019 sales volume of oil, natural gas and natural gas liquids (NGLs) totaled 68 million barrels of oil equivalent (BOE), or an average of 744,000 BOE per day, which included 434,000 barrels of oil per day (BOPD).
Anadarko's U.S. onshore assets averaged sales volume of 484,000 BOE per day during the second quarter of 2019, which included 207,000 BOPD. Anadarko's Gulf of Mexico averaged 158,000 BOE per day in the quarter, which included 130,000 BOPD. Internationally, the company averaged 102,000 BOE per day during the second quarter, which included 97,000 BOPD.
On June 18, 2019, Anadarko and the co-venturers in Mozambique's Offshore Area 1 announced a Final Investment Decision (FID), officially confirming the Mozambique LNG project is advancing to the construction phase. The Anadarko-led Area 1 Mozambique LNG project will be Mozambique's first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 million tonnes per annum to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.
FINANCIAL DATA
Eight pages of summary financial data follow, including current hedge positions and a reconciliation of "divestiture-adjusted" or "same-store" sales.
| (1) | See the accompanying table for details of certain items affecting comparability. |
Logo: http://photos.prnewswire.com/prnh/20141103/156201LOGO
Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2018, the company had 1.47 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko and APC Flash Feed updates, please visit www.anadarko.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's ability to successfully plan, finance, build, and operate the necessary infrastructure and LNG park in Mozambique. See "Risk Factors" in the company's 2018 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.
Anadarko Contacts
INVESTORS:
Mike Pearl, mike.pearl@anadarko.com, 832.636.3271
Kyle Deakins, kyle.deakins@anadarko.com, 832.636.2354
Jon VandenBrand, jon.vandenbrand@anadarko.com, 832.636.1007
MEDIA:
John Christiansen, john.christiansen@anadarko.com, 832.636.8736
Stephanie Moreland, stephanie.moreland@anadarko.com, 832.636.2912
Anadarko Petroleum Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
Below are reconciliations of certain GAAP to non-GAAP financial measures, each as required under Regulation G of the Securities Exchange Act of 1934. This non-GAAP information should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP. The non-GAAP financial information presented may be determined or calculated differently by other companies and may not be comparable to similarly titled measures.
Management uses adjusted net income (loss) to evaluate operating and financial performance and believes the measure is useful to investors because it eliminates the impact of certain noncash and/or other items that management does not consider to be indicative of the Company's performance from period to period. Management also believes this non-GAAP measure is useful to investors to evaluate and compare the Company's operating and financial performance across periods, as well as facilitating comparisons to others in the Company's industry.
| | | Quarter Ended June 30, 2019 | ||||||||||
| | | Before | | After | | Per Share | ||||||
| millions except per-share amounts | | Tax | | Tax | | (diluted) | ||||||
| Net income (loss) attributable to common stockholders (GAAP) | | | | $ | (1,025) | | | $ | (2.09) | | ||
| Adjustments for certain items affecting comparability | | | | | | | ||||||
| Total gains (losses) on derivatives, net, less net cash from settlement of commodity derivatives (after noncontrolling interest)* | | $ | (227) | | | (175) | | | (0.36) | | ||
| Gains (losses) on divestitures, net | | 6 | | | 5 | | | 0.01 | | |||
| Lower-of-cost-or-market inventory adjustments | | (6) | | | (5) | | | (0.01) | | |||
| Merger transaction costs | | (1,042) | | | (1,042) | | | (2.12) | | |||
| Exploration assets - impairments | | (38) | | | (29) | | | (0.06) | | |||
| Reorganization-related charges | | (15) | | | (11) | | | (0.02) | | |||
| Change in uncertain tax positions | | | | (17) | | | (0.04) | | ||||
| Certain items affecting comparability | | $ | (1,322) | | | (1,274) | | | (2.60) | | ||
| Adjusted net income (loss) (Non-GAAP) | | | | $ | 249 | | | $ | 0.51 | | ||
| | |
| * | Includes $(232) million related to interest-rate derivatives (after noncontrolling interest) and $5 million related to commodity derivatives. |
| | | Quarter Ended June 30, 2018 | ||||||||||
| | | Before | | After | | Per Share | ||||||
| millions except per-share amounts | | Tax | | Tax | | (diluted) | ||||||
| Net income (loss) attributable to common stockholders (GAAP) | | | | $ | 29 | | | $ | 0.05 | | ||
| Adjustments for certain items affecting comparability | | | | | | | ||||||
| Total gains (losses) on derivatives, net, less net cash from settlement of commodity derivatives* | | $ | (267) | | | (205) | | | (0.40) | | ||
| Gains (losses) on divestitures, net | | 52 | | | 39 | | | 0.07 | | |||
| Impairments | | | | | | | ||||||
| Producing properties (after noncontrolling interest) | | (45) | | | (35) Werbung Mehr Nachrichten zur Anadarko Petroleum Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | |||||||
