Anadarko Petroleum misses by $0.04, beats on revs (73.09 -0.63)
- Reports Q2 (Jun) earnings of $0.54 per share, $0.04 worse than the Capital IQ Consensus of $0.58; revenues rose 21.2% year/year to $3.29 bln vs the $3.08 bln Capital IQ Consensus.
- Net cash provided by operating activities in 2Q18 was $1.23 billion.
- Sales volumes of oil, natural gas and natural gas liquids (NGLs) totaled 58 million barrels of oil equivalent (BOE), or an average of 637,000 BOE per day, which was at the high end of the company's second-quarter guidance.
- Capital investments, excluding Western Gas Partners, were approximately $1.5 billion, and the company closed the quarter with $2.3 billion of cash on hand.