5:04PM Transocean reports Q1 (Mar) results, misses on revs ( RIG) 49.93 -0.80 : Reports Q1 (Mar) earnings of $0.12 per share, including net unfavorable items of $184 million, or $0.52 per diluted share, may not be comparable to the Capital IQ Consensus Estimate of $0.34; revenues rose 8.7% year/year to $2.33 bln vs the $2.39 bln consensus. Contract drilling revenues decreased $35 million due mainly to lower revenue efficiency primarily on Deepwater and Midwater Floaters.
5:03PM Murphy Oil beats by $0.03; guides Q2 EPS in-line ( MUR) 55.29 -0.62 : Reports Q1 (Mar) earnings of $1.49 per share, $0.03 better than the Capital IQ Consensus Estimate of $1.46; revenues rose 11.5% year/year to $7 bln. Co issues in-line guidance for Q2, sees EPS of $1.35-1.60 vs. $1.53 Capital IQ Consensus Estimate. "We currently anticipate total worldwide production volumes of 185,000 barrels of oil equivalent per day in the second quarter of 2012. Sales volumes of oil and natural gas are projected to average 184,000 barrels of oil equivalent per day in the second quarter. We anticipate a full-year 2012 production rate of about 193,000 barrel equivalents per day. This 2012 production estimate is below prior guidance due to reduced dry gas volumes at the Tupper area, revised Syncrude performance, and workover delays at Kikeh. At the present time, we expect net income in the second quarter 2012 to range between $1.35 and $1.60 per diluted share. The second quarter estimate includes projected exploration expense ranging between $50 million and $110 million during the quarter, and earnings from our downstream businesses are projected at ~$67 million. Results could vary based on commodity prices, drilling results, timing of crude oil and natural gas sales, refining and marketing margins, and foreign exchange movements." |
