Sweet 16 Q3 Results

[dan_s]

EQT announced Q3 results last week.

This week's model portfolio companies Q3 financials:
Tuesday: MTDR
Wednesday: CXO, OVV, PE, AR and AM
Thursday: DVN, RRC, PAA, SM and SOI
Friday: MMP, OKE

I will be updating my forecast/valuation soon after they release Q3 financial results and fresh guidance.

Just remember that "Reported Net Income" means nothing for upstream companies with lots of production hedged because of very misleading GAAP accounting rules for hedges. As prices rise, the value of hedges goes down and GAAP rules require mark-to-market non-cash adjustments on all derivatives. The big impairment charges should be in the rearview mirror (Thank God!).