Sweet 16 Q3 Results

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Sweet 16 Q3 Results

Post by dan_s »

You can find my estimate of Q3 earnings per share for each of the Sweet 16 companies on the main Sweet 16 spreadsheet. Click on "Tab 1" in the lower left hand corner of the spreadsheet.

All of the Sweet 16 are expected to have positive "Adjusted Earnings" for Q3 despite rather low oil and natural gas prices during the quarter. Remember that "Adjusted Earnings" differ from "Reported Earnings" because they do not include those confusing mark-to-market adjustments on hedges. All of the Sweet 16 are on-track to report positive EPS in 2017 and strong cash flow growth.

For more details, go to the individual company forecast models. There you can also see production growth by quarter and operating cash flow, which is much more important than earnings. On the right had side of the main spreadsheet I show Operating Cash Flow Per Share ("CFPS") for 2017
Dan Steffens
Energy Prospectus Group
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