Anadarko Petroleum beats by $0.15, beats on revs (57.49 +0.64)
- Reports Q4 (Dec) earnings of $0.18 per share, $0.15 better than the Capital IQ Consensus of $0.03; revenues rose 22.7% year/year to $2.93 bln vs the $2.9 bln Capital IQ Consensus.
- Anadarko's 2018 guidance has been adjusted from its November 2017 news release for the divestiture of its Alaska assets and anticipated production impacts related to non-operated downtime in the Gulf of Mexico. The company expects full-year capital investments in the range of $4.1 to $4.5 billion, not including capital investments made by Western Gas Partners, LP (NYSE: WES).
- Also sees FY18 total sales volume of 238-248 mln BOE (versus prior 245-255 mln BOE)
- 2018 Oil sales volumes of 370-390 thousand BOPD (versus prior 385-405 thousand BOPD)
