Anadarko Petroleum misses by $0.46, misses on revs
Reports Q4 (Dec) earnings of $0.37 per share, excluding non-recurring items, $0.46 worse than the Capital IQ Consensus of $0.83; revenues fell 4.8% year/year to $3.18 bln vs the $3.96 bln consensus.
* Q4 sales volumes of natural gas, crude oil and NGLs totaled 79 mln BOE, or an average of 854,000 BOE per day.
* Anadarko organically added 503 million BOE of proved reserves in 2014 before the effects of price revisions and incurred oil and natural gas exploration and development costs of ~$8.8 bln.
* The co estimates its proved reserves at year-end 2014 totaled ~2.86 billion BOE, with 69 percent of its reserves categorized as proved developed.
At year-end 2014, Anadarko's proved reserves were comprised of 49 percent liquids and 51 percent natural gas.