Energy Companies Catching Shareholder Interest After Earnings

Anadarko Petroleum Corporation (NYSE:APC) reported its results for the fourth quarter. Reported a loss of $358 million (72 cents per diluted share) in the quarter. Anadarko Petroleum Corporation had a net income of $111 million or 22 cents per share in the year earlier quarter. Revenue rose 42.7% to $3.84 billion from the year earlier quarter. Anadarko Petroleum Corporation reported adjusted net income of 85 cents per share. By that measure, the company beat the mean estimate of 60 cents per share. It beat the average revenue estimate of $3.31 billion.

“During 2011, we continued to demonstrate the power of Anadarko’s capital-efficient portfolio by achieving sales volumes at the high end of guidance with capital spending at the low end of the guidance range. We also generated significant discretionary cash flow and delivered record sales volumes, strong reserve additions at very competitive costs, and a leading deepwater exploration and appraisal drilling success rate,” said Anadarko Chairman and CEO Jim Hackett.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Devon Energy Corporation (NYSE:DVN), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Exxon Mobil Corporation (NYSE:XOM), Chesapeake Energy Corp. (NYSE:CHK), Newfield Exploration Co. (NYSE:NFX), EOG Resources, Inc. (NYSE:EOG), Plains Exploration & Production Co. (NYSE:PXP), and Marathon Oil Corporation (NYSE:MRO).

Pioneer Natural Resources Company (NYSE:PXD) reported its results for the fourth quarter. Reported a loss of $111.1 million (93 cents per diluted share) in the quarter. The independent oil and gas company had net income of $80.3 million or 67 cents per share in the year earlier quarter. Revenue rose 50.4% to $703.1 million from the year earlier quarter. Pioneer Natural Resources Company reported adjusted net income of $1.19 per share. By that measure, the company beat the mean estimate of $1.01 per share. Analysts were expecting revenue of $689.9 million.

Scott Sheffield, Chairman and CEO, stated, “The Company delivered another strong quarter, with production of 140 thousand barrels oil equivalent per day (MBOEPD), an increase of 12 MBOEPD, or 9%, from the third quarter of 2011 (including South Africa, which is being moved to discontinued operations, in both quarters). Our three core liquids-rich growth assets in Texas, the Spraberry field, the Eagle Ford Shale and the Barnett Shale Combo, were the drivers of this significant increase. These three assets were also the primary contributors to Pioneer’s 313% drillbit reserve replacement in 2011 at a drillbit finding and development cost of $13.83 per barrel oil equivalent (NYSE:BOE).”

Competitors to Watch:
Lucas Energy, Inc. (AMEX:LEI), Anadarko Petroleum Corp. (NYSE:APC), Contango Oil & Gas Company (AMEX:MCF), Cimarex Energy Co. (NYSE:XEC), SM Energy Co. (NYSE:SM), Brigham Exploration Co. (NASDAQ:BEXP), Abraxas Petroleum Corp. (NASDAQ:AXAS), Concho Resources Inc. (NYSE:CXO), Linn Energy, LLC (NASDAQ:LINE), and Approach Resources Inc. (NASDAQ:AREX).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com