5 Energy Company Earnings Previews You Must Know

Apache Corp (NYSE:APA) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of $2.82 per share, a rise of 28.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.99. Between one and three months ago, the average estimate moved down. It also has dropped from $2.86 during the last month. For the year, analysts are projecting profit of $11.79 per share, a rise of 32.2% from last year.

The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 13 cents, reporting net income of $3.22 per share against a mean estimate of profit of $3.09. In the first quarter, the company exceeded forecasts by 26 cents with net income of $2.87 versus a mean estimate of profit of $2.61. On average, analysts predict $4.21 billion in revenue this quarter, a rise of 39.9% from the year ago quarter. Analysts are forecasting total revenue of $16.51 billion for the year, a rise of 36.6% from last year’s revenue of $12.09 billion.

Competitors to Watch: EOG Resources, Inc. (NYSE:EOG), Chevron Corporation (NYSE:CVX), EnCana Corporation (NYSE:ECA), Chesapeake Energy Corp. (NYSE:CHK), Stone Energy Corporation (NYSE:SGY), Lucas Energy, Inc. (AMEX:LEI), Concho Resources Inc. (NYSE:CXO), Anadarko Petroleum Corp. (NYSE:APC), Noble Energy, Inc. (NYSE:NBL), and Gulfport Energy Corp. (NASDAQ:GPOR).

Chesapeake Energy Corp (NYSE:CHK) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 65 cents per share, a decline of 7.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 67 cents during the last month. For the year, analysts are projecting net income of $2.84 per share, a decline of 3.7% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of 76 cents per share against a mean estimate of net income of 72 cents per share. On average, analysts predict $3.15 billion in revenue this quarter, a rise of 22.1% from the year ago quarter. Analysts are forecasting total revenue of $11.4 billion for the year, a rise of 21.7% from last year’s revenue of $9.37 billion.

Competitors to Watch: Gastar Exploration Ltd. (AMEX:GST), Anadarko Petroleum Corp. (NYSE:APC), Devon Energy Corporation (NYSE:DVN), Bronco Drilling Co., Inc. (NASDAQ:BRNC), EOG Resources, Inc. (NYSE:EOG), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Apache Corporation (NYSE:APA), and US Natural Gas Corp. (NYSE:UNG).

Denbury Resources, Inc. (NYSE:DNR) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of 29 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 30 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 29 cents during the last month. Analysts are projecting profit to rise by 90.3% versus last year to $1.18.

The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 36 cents per share against a mean estimate of net income of 33 cents per share. In the first quarter, it missed forecasts by one cent. Analysts are projecting a rise of 18% in revenue from the year-earlier quarter to $550.5 million.

Competitors to Watch: QR Energy LP (NYSE:QRE), Swift Energy Company (NYSE:SFY), Carrizo Oil & Gas, Inc. (NASDAQ:CRZO), Crimson Exploration Inc. (NASDAQ:CXPO), South Texas Oil Company (STXXQ), GeoMet, Inc. (NASDAQ:GMET), Penn Virginia Corporation (NYSE:PVA), Evolution Petroleum Corp. (AMEX:EPM), Constellation Energy Partners LLC (NYSE:CEP), and Lucas Energy, Inc. (AMEX:LEI).

Fluor Corporation (NYSE:FLR) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 86 cents per share, a swing from net loss of 30 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 85 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 86 cents during the last month. For the year, analysts are projecting net income of $3.40 per share, a rise of 71.7% from last year.

The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 94 cents per share against the mean estimate of 81 cents. In the prior quarter, the company reported net income of 78 cents. Analysts are projecting a rise of 14% in revenue from the year-earlier quarter to $6.28 billion.

Competitors to Watch: Jacobs Engineering Group Inc. (NYSE:JEC), URS Corporation (NYSE:URS), KBR, Inc. (NYSE:KBR), The Shaw Group Inc. (NYSE:SHAW), Tutor Perini Corporation (NYSE:TPC), Quanta Services, Inc. (NYSE:PWR), Granite Construction Inc. (NYSE:GVA), EMCOR Group, Inc. (NYSE:EME), Michael Baker Corporation (AMEX:BKR), and Babcock & Wilcox Co (NYSE:BWC).

Petroleum Development Corp (NASDAQ:PETD) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 2 cents per share, a swing from a loss of 10 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 5 cents. Between one and three months ago, the average estimate moved down. It has risen from breaking even during the last month. Analysts are projecting net loss of 27 cents per share versus net income of 2 cents last year.

The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported a loss of 10 cents per share against a mean estimate of 3 cents. Two quarters ago, it beat expectations by 2 cents with profit of 6 cents.  Analysts are projecting a rise of more than twofold in revenue from the year-earlier quarter to $100.4 million.

Competitors to Watch: Pinnacle Gas Resources, Inc. (PINN), Questar Corporation (NYSE:STR), BreitBurn Energy Partners L.P. (NASDAQ:BBEP), Legacy Reserves LP (NASDAQ:LGCY), PostRock Energy Corp. (NASDAQ:PSTR), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), Pioneer Southwest Energy Partners L.P. (NYSE:PSE), and NGAS Resources, Inc. (NASDAQ:NGAS).